CAPITAL MARKETS

Markets muted, Tesla charges up

Markets were muted as COVID-19 cases continue to increase around the globe, while Tesla closed up more than 8% on news it would join the S&P 500 next month.

Staff reporter
 Shares in EV maker Tesla closed higher

Shares in EV maker Tesla closed higher

US retail sales figures for October were up 0.3% from September but lower than forecasts of 0.5%.

The country's industrial production rose 1.1% in October but was still 5.6% lower than its pre-pandemic February level.

The S&P 500 closed 0.48% lower, the FTSE 100 lost 0.87% but Japan's Nikkei 225 was up 0.42%.

Market futures were mixed.

The gold price was about US$1,881 an ounce on the spot market.

Standard Lithium (TSXV: SLL), which started operations at its direct lithium extraction demonstration plant in Arkansas in September, closed up 21% to a 52-week high.

Among the mining majors, Barrick Gold closed 1.89% lower in Toronto, Antofagasta fell 4.32% in London and BHP was down slightly in morning Australian trade.

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