Equity Markets

equity markets: In New York, the Dow Jones industrial average gained 46.34 points to 18,070.40, the Nasdaq index rose 11.54 points to 5,016.93 and the S&P 500 advanced 6.20 points to 2,114.49, according to The Toronto Star. Markets were down sharply last Thursday, with the Dow registering an almost 200-point drop, before rallying to triple-digit gains on Friday. Toronto S&P/TSX composite was up 27.70 points at 15,367.47, while the loonie rose 0.44 of a U.S. cent to 82.70 cents. We’re seeing on the whole, more regular volatility than we’re used to, said Kash Pashootan, senior vice-president and portfolio manager at First Avenue Advisory in Ottawa. Now that we’re seeing equity markets fairly valued, and not undervalued the way that they were in previous years, the result is we’re seeing more of the characteristics of what we should expect in equities, and one of those characteristics is volatility. That really a direct result of five years of above historical average returns in the markets. (news.financializer.com). As reported in the news.