U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.01%

Investing.com – Canada stocks were higher after the close on Friday, as gains in the IT, Financials and Telecoms sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.55%.

The best performers of the session on the S&P/TSX Composite were Aecon Group Inc . (TSX:ARE), which rose 12.30% or 3.12 points to trade at 28.49 at the close. Meanwhile, Celestica Inc. (TSX:CLS) added 4.97% or 19.67 points to end at 415.50 and NexGen Energy Ltd. (TSX:NXE) was up 3.99% or 0.47 points to 12.24 in late trade.

The worst performers of the session were G Mining Ventures Corp (TSX:GMIN), which fell 3.14% or 0.88 points to trade at 27.12 at the close. Bausch Health Companies Inc (TSX:BHC) declined 2.58% or 0.23 points to end at 8.70 and International Petroleum Corp (TSX:IPCO) was down 2.37% or 0.53 points to 21.88.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 533 to 338 and 88 ended unchanged.

Shares in Celestica Inc. (TSX:CLS) rose to all time highs; rising 4.97% or 19.67 to 415.50.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 0.25% to 16.14.

Gold Futures for December delivery was down 0.71% or 29.24 to $4,116.36 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.63% or 0.39 to hit $61.40 a barrel, while the December Brent oil contract fell 0.29% or 0.19 to trade at $65.80 a barrel.

CAD/USD was unchanged 0.02% to 0.71, while CAD/EUR unchanged 0.15% to 0.61.

The US Dollar Index Futures was down 0.04% at 98.69.

Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Public Utilities, Consumption and Real Estate sectors led shares higher.

At the close in Sao Paulo, the Bovespa added 0.31%.

The best performers of the session on the Bovespa were Cvc Brasil ON (BVMF:CVCB3), which rose 5.29% or 0.09 points to trade at 1.79 at the close. Meanwhile, Eneva SA (BVMF:ENEV3) added 4.25% or 0.71 points to end at 17.41 and Hypera SA (BVMF:HYPE3) was up 3.18% or 0.73 points to 23.67 in late trade.

The worst performers of the session were Brava Energia SA (BVMF:BRAV3), which fell 2.76% or 0.41 points to trade at 14.46 at the close. Cosan SA Industria e Comercio (BVMF:CSAN3) declined 2.60% or 0.16 points to end at 6.00 and Auren Energia SA (BVMF:AURE3) was down 1.72% or 0.20 points to 11.45.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 588 to 340 and 58 ended unchanged.

Shares in Eneva SA (BVMF:ENEV3) rose to 3-years highs; rising 4.25% or 0.71 to 17.41.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.03% to 26.51.

Gold Futures for December delivery was down 0.74% or 30.86 to $4,114.74 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.63% or 0.39 to hit $61.40 a barrel, while the December US coffee C contract fell 2.46% or 10.10 to trade at $400.05 .

USD/BRL was up 0.15% to 5.39, while EUR/BRL rose 0.31% to 6.27.

The US Dollar Index Futures was down 0.04% at 98.69.

Investing.com-- The Dow closed above 47,000 for the first time ever on Friday as benign inflation data provided the "all clear" for Federal Reserve to cut interest rates next week.  

At 4:00 ET (20:00 GMT), the Dow Jones Industrial Average rose 472 points, or 1%, to close at at a record 47,207.12. The S&P 500 index gained 0.8%, and the NASDAQ Composite climbed 1.2%. All three major average hit record intraday highs. All three of the major averages notched record closing highs. 

Cooling Inflation gives ’all clear’ for October rate cut

Data released earlier Friday showed that the U.S. Consumer Price Index rose 3.0% annually in September, below the 3.1% expected, while the monthly gauge rose 0.3%, below the 0.4% expected.

The so-called "core" consumer price index, which the Fed assesses as an underlying measure of inflation in the world’s biggest economy, was 3.0% year-over-year and 0.2% on a monthly basis. Analysts had anticipated readings of 3.1% and 0.3%, which would have both matched the number in August.

"The inflation data provided the all clear for October fed rate cut and end of quantitative tightening," Jefferies’ Thomas Simons said in a Friday note.

The release had been delayed by the over-three-week-old U.S. government shutdown, and has taken on added importance given the data vacuum caused by the government shutdown, which has disrupted most official economic reporting.

Intel, Ford shine on earnings stage

Intel (NASDAQ:INTC) stock surged after the semiconductor beat expectations for its third quarter profit helped by dramatic cost cutting measures.

The results were the company’s first earnings announcement after multibillion-dollar investments from Nvidia (NASDAQ:NVDA) and Japan’s SoftBank as well as an unprecedented U.S. government stake, with investors anticipating a major cash boost.

Ford (NYSE:F) stock gained after the carmaker posted quarterly income which topped expectations thanks to strong demand for its SUVs and pickup trucks.

Target (NYSE:TGT) announced it will cut about 1,800 corporate-level roles, representing around 8% of its global headquarters workforce, in a major restructuring initiative.

Looking ahead to next week, five of the Magnificent Seven arereporting results, including Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT).

U.S.-China trade meeting confirmed

Sentiment had earlier received a boost after the White House confirmed that U.S. President Donald Trump will meet his Chinese equivalent Xi Jinping in South Korea during next week’s APEC summit, a development that buoyed markets after recent heightened U.S.–China trade friction.

The planned meeting follows Washington’s threat to impose 100% tariffs on certain Chinese goods and Beijing’s introduction of export curbs on rare earth materials. 

The prospect of renewed dialogue lifted investor hopes for de-escalation in trade disputes between the two largest economies in the world that have clouded the global outlook.

That said, Trump also said that all trade negotiations with Canada have been terminated, accusing Ottawa of using a “fraudulent” advertisement involving late President Ronald Reagan.

Peter Nurse, Ayushman Ojha contributed to this article 

Investing.com -- The Trade Desk Inc. (NASDAQ: TTD) stock fell 3% Friday afternoon following an Adweek report that Amazon is offering agencies free head-to-head testing of its demand-side platform (DSP) against competitors.

According to the report, which cited a pitch deck and sources familiar with the matter, Amazon is approaching agencies with an offer to fund comparative tests between its DSP and rival platforms, including covering costs for competitors’ ad inventory, technology, and media measurement tools. The proposed tests would run dual campaigns for 4-6 weeks with equal budgets allocated to both Amazon’s DSP and the competing platform.

In the leaked presentation slides, Amazon described the testing program as "designed to empirically demonstrate the performance of Amazon DSP versus other DSPs" and an "opportunity to evaluate and optimize your programmatic advertising strategy through a controlled test with comprehensive analysis."

The Trade Desk, which operates one of the leading independent demand-side platforms in the digital advertising ecosystem, appears to be facing increased competitive pressure from Amazon’s aggressive expansion in the advertising technology space.