The week ended on higher-than-expected employment numbers out of the U.S. which triggered a sell-off early Friday, but mostly recovered by the close. The S&P finished the session -0.12%, but advanced 1.66% for the week, the Nasdaq was -0.18%, but 2.82% for the week, and the Dow finished 0.1%, basically flat, but added 0.45% for the last week. The U.S. 10-year yield, though, sank to 3.473% as Bitcoin edged up 0.55% to top $17,000.

Big movers were Meta up 2.26%, Boeing by 3.7%, Dollar General at 3.27, while semis like AMD shed 3.26% and Amazon slipped 1.54%.

The TSX was flat on Friday, shedding 20 points, but added 0.88% over the week. Seven of the 11 sectors were in the green, led by consumer discretionary and health care, while real estate was the main laggard. Weed stocks soared with Tilray jumping 9.63% and Canopy Growth 9.09%, and Bellus Health rallying 4.2%. However, Wesdome Gold Mines closed at -8.56% and Canadian Western Bank -4.48%. WTI managed to stay above $80 despite giving back 1.1%.

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.55%
🕵️‍♂️ Meta Platforms Inc / Facebook (META-Q) +2.26%
🛫 Boeing (BA-N) +3.7%
🛒 Dollar General Corp. (DG-N) +3.27%
💾 Advanced Micro Devices (AMD-Q) -3.26%
📦 Amazon.com (AMZN-Q) -1.54%
🌿 Tilray Inc. (TLRY-Q) +9.63%
🌿 Canopy Growth Corp. (WEED-T) +9.09%
🧫 Bellus Health (BLU-T) +4.2%
⛏ Wesdome Gold Mines Ltd. (WDO-T) -8.56%
🏛 Canadian Western Bank (CWB-T) -4.48%

Thursday saw markets swing between green and red, a day after the U.S. Fed’s comments that it would temper its interest rate hikes. Earnings, good and bad, dominated in the indices. In Canada, the TSX climbed 0.35% with all but two sectors (energy and utilities) rallying.

Materials and tech led the way with Shopify popping 5.48% and Barrick Gold rising 4.83%. Other influential names included Suncor at -2.4%, CIBC -7.69% after reporting earnings, and Kinross up 6.29%. WTI crude added another 0.62% to top $81.

Wall Street would have been generally flat or mildly positive were it not for Salesforce tanking 8.29% after reporting earnings and announcing that its co-CEO was stepping down. CRM weighed on the Dow, which retreated 0.56% for the session (but has risen 20% since its October low). The S&P closed -0.09 but the Nasdaq advanced 0.13%. Major movers were Meta up 2.2%, Etsy 5.77%, Netflix 3.84%, but the Bank of America slid 3.2%. As tech continued to rally, the U.S. 10-year yield sipped to 3.505% while Bitcoin added 1% to nearly touch $17,000.

🛍 Shopify Inc. (SHOP-T) +5.48%
🥇 Barrick Gold (ABX-T) +4.83%
🛢 Suncor Energy Inc (SU-T) -2.4%
🏛 Canadian Imperial Bank of Commerce (CM-T) -7.69%
🥇 Kinross Gold (K-T) +6.29%
💨 SalesForce.com Inc. (CRM-N) -8.29%
🕵️‍♂️ Meta Platforms Inc / Facebook (META-Q) +2.2%
🛍 Etsy Inc. (ETSY-Q) +5.77%
📺 Netflix Inc. (NFLX-Q) +3.84%
🏛 Bank of America (BAC-N) -3.2%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1%

Markets, particular in the U.S., were treading water this week until the U.S. Fed’s Jay Powell made his latest comments Wednesday afternoon, signalling a moderation in interest rate hikes. Specifically, he suggested the Fed will “downshift” to a 0.5% hike instead of 0.75% as seen in previous Fed meetings. In reaction, markets soared: the S&P 3.08%, the Nasdaq 4.41%, and the Dow 2.17%.

Tech led the gainers by far: Apple 4.85%, Nvidia 7.19%, Meta 7.89%, Tesla 5.52% and Netflix 9.7%. Beyond tech, luxury brand Estee Lauder jumped 9.11%. Meanwhile, the U.S. 10-year yield slipped to 3.633% while Bitcoin advanced 3.85% to $17,000.

The TSX enjoyed more moderate gains of 0.71%, with all sectors rallying except energy. Naturally, tech led the way as well as industrials and materials. Big movers were Shopify, leaping 9.53%, Lightspeed by 6.16%, though TC Energy slid 2.71% and Suncor declined 2.64%. That said, WTI crude climbed 3% to $80.

🍎 Apple (AAPL-Q) +4.85%
💾 Nvidia Corp (NVDA-Q) +7.19%
🕵️‍♂️ Meta Platforms Inc / Facebook (META-Q) +7.89%
🚗 Tesla Motors Inc (TSLA-Q) +5.52%
📺 Netflix Inc. (NFLX-Q) +9.7%
💄 Estee Lauder (EL-N) +9.11%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.85%
🛍 Shopify Inc. (SHOP-T) +9.53%
💾 Lightspeed Commerce Inc (LSPD-T) +6.16%
🛢 TC Energy (TRP-T) -2.71%
🛢 Suncor Energy Inc (SU-T) -2.64%