TSX edges up, Wall Street slips on inflation
The week ended on a modestly upbeat note on Bay Street after the TSX climbed 27 points on Friday and 0.5% for the week to remain within striking distance of all-time highs. On Friday, materials and utilities led most sectors higher as discretionary lagged the most.
Major movers: Northwest Healthcare REIT up 8.55%, CNQ -1.34%, NexGen Energy 3.48%, BlackBerry -7.71% and Tilray 7.8%. WTI held at $81 to cap a positive week as gold declined slightly to $2,160 an ounce.
Wall Street was hit by hot consumer and producer inflation data the past week and both the S&P and Nasdaq lost ground. The S&P closed Friday -0.68% and -0.13% for the week, and the Nasdaq -0.96% during the session to close below 16,000 and -0.7% for the week. The Dow finished the day -0.53% but was flat for the week. Major movers: Amazon -2.21%, AMD 2.16%, Nucor 3.32% and Ulta Beauty -5.39%. Adobe reported a top and bottom line beat, but guidance came in a little light, which triggered a near-14% slide. Meanwhile, Bitcoin sank 1.6% to trade below $68,000. The U.S. 10-year yield held around 4.3%. All eyes will be on the U.S. Fed on March 20.
🏛 NorthWest Health Prop Real Est Inv Trust (NWH.UN-T) +8.55%
🛢 Canadian Natural Rsrcs (CNQ-T) -1.34%
⛏ NexGen Energy (NXE-T) +3.48%
📱 BlackBerry (BB-T) -7.71%
🌿 Tilray Inc. (TLRY-Q) +7.8%
📦 Amazon.com, Inc. (AMZN-Q) -2.21%
💾 Advanced Micro Devices (AMD-Q) +2.16%
⛓ Nucor Corp. (NUE-N) +3.32%
💄 Ulta Salon Cosmetics and Fragrance Inc. (ULTA-Q) -5.39%
💾 Adobe Systems (ADBE-Q) -14%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.6%