Markets down on Thursday

The S&P/TSX composite saw a +1.41% change for today’s session, the Nasdaq composite was +0.03% and the Dow up +1.08% Some trending stocks for the day include Alphabet Inc down -4.56%, MicroStrategy -16.16% and Snowflake +32.71%. The most active stocks […]

Markets down on Wednesday

The S&P/TSX composite saw a +0.10% change for today’s session, the Nasdaq composite was -0.72% and the Dow up +0.08%. Some trending stocks for the day include: NVIDIA Corporation -0.76%, Snowflake -0.86% and Qualcomm -6.34%. The most active stocks today include Great West Lifeco +0.28%, while Canadian Natural Rsrcs saw +0.36%. Manulife Financial also saw a […]

Markets up on Tuesday

The S&P/TSX composite saw a +0.14% change for today’s session, the Nasdaq composite was +1.04% and the Dow up -0.32% Some trending stocks for the day include C3.ai, Inc. +24-19%, NVIDIA Corporation +4.89 and Super Micro Computer +32.23%. The most active stocks today include Enbridge +0.52%, while Suncor Energy Inc saw +0.02%. Canadian Natural Rsrcs also saw […]

Mixed day to end strong year

Allan Tong Posted On December 29, 2023

Markets ended the week mixed with the TSX adding 0.14% while the S&P closed -0.24%, the Nasdaq -0.46% and the Dow -0.07%. However, Friday capped a strong year that saw the American market rebound, led by tech. Over 2023, the S&P jumped 24%, the Dow nearly 13.7% and the Nasdaq 43.4%. The S&P and Dow made all-time highs. In contrast, weak oil and bank stocks kept the TSX’s 2023 gains to 8.14% and well below its all-time high.

On Friday in Toronto, most sectors rose, led by staples and industrials. Key names were Nexgen Energy up 2.66%, Denison Mines 2.65%, Cargojet 2.36%, Tilray -3.47% and Oceanagold -3.42%. WTI crude slipped 0.5% to $71.40 a barrel.

On Wall Street, Tesla finished -1.6%, Warner Bros. Discovery -2.57%, Albemarle -3.52%, Boston Scientific 2.9% and Uber -2.6%. The U.S. 10-year yield held around 3.86% while Bitcoin fell 1.25% to $42,000. Inflation and interest rates will lead markets in 2024 as they did in 2023. For Stockchase analysis and stock picks in the new year, please check out our January Monthly Gems.

Have a prosperous new year!

🛢 NexGen Energy (NXE-T) +2.66%

⛏ Denison Mines Corp (DML-T) +2.65%

🛫 Cargojet Inc (CJT-T) +2.36%

🌿 Tilray Inc. (TLRY-Q) -3.47%

🥇 Oceanagold Corp (OGC-T) -3.42%

🚗 Tesla Inc (TSLA-Q) -1.6%

📺 Warner Bros. Discovery (WBD-Q) -2.57%

⛏ Albemarle Corp (ALB-N) -3.52%

💊 Boston Scientific Corp (BSX-N) +2.9%

🚖 Uber (UBER-N) -2.6%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.25%