Markets Up Friday

The S&P/TSX composite saw a +0.21% change for today’s session, the Nasdaq composite was +0.16% and the Dow up +0.97% Some trending stocks for the day include SoundHound AI +18.19%, Tesla Inc +3.80% and GameStop Corp. +0.29%. The most active […]

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 […]

Record highs cap February

Allan Tong Posted On March 1, 2024

The trading week and month ended on a Friday rally that saw the Nasdaq and S&P make record highs and the TSX approach its peak. Once again, AI-led tech stocks fueled the Friday rally as the Nasdaq rose 1.13% to 16,273 and advance over 4% for the month. The S&P climbed 0.81% on Friday and 3.6% in February as it reached 5,137. The Dow added 0.26% during the session and 1.12% in the month.

Notable names were AMD popping 5.03%, Meta adding 2.48% to make its own new high, and Western Digital up 8.12%. However, New York Community Bancorp tanked nearly 26% after reporting concerns over “internal controls” which revived calls for more government oversight over regional American banks. Meanwhile, the U.S. 10-year yield declined to 4.186% as and Bitcoin added another 2.75% to $62,800.

The TSX rallied 0.86% on Friday and gained 2.05% for the month. Nearly all sectors rose, led by materials, energy and tech while discretionary lagged. The most-traded names were Suncor up 1.65% and CNQ at 3.34%. Tamarack Valley climbed 3.87%, SNC-Lavalin 11.36% and Parex Resources -6.39%. WTI crude rose about 2% to nearly $80 a barrel.

💾 Advanced Micro Devices (AMD-Q) +5.03%

🕵️‍♂️ Meta Platforms Inc / Facebook (META-Q) +2.48%

💾 Western Digital (WDC-Q) +8.12%

🏛 New York Community Bankcor Inc. (NYCB-N) -26%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.75%

🛢 Suncor Energy Inc (SU-T) +1.65%

🛢 Canadian Natural Rsrcs (CNQ-T) +3.34%

🛢 Tamarack Valley Energy (TVE-T) +3.87%

🏛 SNC-Lavalin Group Inc. (ATRL-T) +11.36%

🛢 Parex Resources Inc. (PXT-T) -6.39%