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The markets on friday

Allan Tong Posted On January 14, 2022
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market comment after the close

Markets closed at session highs to cap another choppy week of trading. The TSX closed 0.33% higher on Friday and 1.35% for the week. Energy and tech propelled the rise while staples and real estate sank. Given Russian-Ukrainian military tensions, WTI crude rose 2.5% past $82 a barrel, while WCS spiked 5% to break $71. This helped make Suncor the most-traded stock in Toronto, up 1.69%, and lifted Cenovus by 3.33%, Baytex by 4.87% and both Crescent Point and CNQ by 3.61%.

Pot names Fire & Flower rallied nearly 9% and Hexo 2.6%, while Shopify halted its recent slide by bouncing 3.68%. On the downside, First Quantum Minerals slid 3%, SNC-Lavalin retreated 4.64% and Stelco fell 3.5%. The Canadian dollar held steady right below $0.80 against the USD.

On Wall Street, disappointing retail numbers and varied U.S. bank earnings pressured markets, though the day ended mixed. The Dow closed -0.56%, the S&P 0.08% and the Nasdaq 0.75% as tech modestly rebounded. Meta/Facebook advanced 1.66%, Lam Research 6.27% and AMD 3.12%. JPMorgan sank 6.15% after lowering guidance and Goldman Sachs tumbled 2.52%. Elsewhere, Baker Hughes rallied 4.53% and Diamondback Energy advanced 4.13%. Travel names roared back as Las Vegas Sands jumped 14.15% and Wynn Resorts 8.6%. However, American Airlines dove 4.4%, Affirm Holdings sank 4.08% and Beyond Meat slid 6%. The S&P and Nasdaq were down marginally for the week, though the Dow shed over 1%. Finally, the U.S. 10-year yield ticked down to 1.786% by the Friday close while Bitcoin continued to slump, down 1.5% to trade over $43,000.

🛢 Suncor Energy Inc (SU-T) +1.69%
🛢 Cenovus Energy (CVE-T) +3.33%
🛢 Baytex Energy Corp (BTE-T) +4.87%
🛢 Crescent Point Energy Corp (CPG-T) +3.61%
🛢 Canadian Natural Rsrcs (CNQ-T) +3.61%
🌿 Fire & Flower Holdings (FAF-T) +9%
🌿 Hexo Corp (HEXO-T) +2.6%
🛍 Shopify Inc. (SHOP-T) +3.68%
⛏ First Quantum Minerals (FM-T) -3%
🛢 SNC-Lavalin Group Inc. (SNC-T) -4.64%
⛓ Stelco Holdings Inc. (STLC-T) -3.5%
🕵️‍♂️ Meta Platforms Inc / Facebook (FB-Q) +1.66%
🧬 Lam Research Corp (LRCX-Q) +6.27%
💾 Advanced Micro Devices (AMD-Q) +3.12%
🏛 JP Morgan Chase & Co (JPM-N) -6.15%
🏛 Goldman Sachs (GS-N) -2.52%
🛢 Baker-Hughes (BHGE-N) +4.53%
🏗 Diamondback Energy (FANG-Q) +4.13%
♠ Las Vegas Sands Corp. (LVS-N) +14.15%
🏢 Wynne Resorts Ltd. (WYNN-Q) +8.6%
🛫 American Airlines Group (AAL-Q) -4.4%
🏛 Affirm Holdings (AFRM-Q) -4.08%
🥩 Beyond Meat Inc. (BYND-Q) -6%
🅱 Bitcoin Cash (CRYPTO:BCH) -1.5%

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