Friday fade, strong half year
The end of June means reports cards, and here is how the major indices performed in the first half of 2024: the TSX 4.5%, the S&P 14.5%, the Nasdaq 18% and the Dow nearly 4%. The biggest gains, of course were made in AI. For the Friday session, though, there was a tug of war that ended with weakness. All the indices finished in the red with the Nasdaq closing the weakest at -0.71%, the Dow the strongest at -0.12% and the TSX in the middle at -0.3%.
In Toronto, only real estate and two sectors gained while staples and materials led the laggards. Winners included Kinaxis at 4.41% and Aritzia, while the losers counted TC Energy at -1.78%, Power Corp. -1.66% and First Quantum Minerals -7.23%. WTI slipped 0.28% to US$18.50.
In New York, gainers included UnitedHealth up 4.69% and Comcast 2.3%, while the losers included Amazon at -2.32% and Super Micro Computer -7.98%. Making headlines, though, was Nike which tanked nearly 20% after reporting weak numbers and guidance. The U.S. 10-year crept up to 4.384% as Bitcoin sank 2.44% to US$60,200.
💾 Kinaxis Inc (KXS-T) +4.41%
🛢TC Energy (TRP-T) -1.78%
🏛 Power Corp (POW-T) -1.66%
⛏ First Quantum Minerals (FM-T) -7.23%
👨⚕️ UnitedHealth Group Inc (UNH-N) +4.69%
📡 Comcast Corp (CMCSA-Q) +2.3%
📦 Amazon.com, Inc. (AMZN-Q) -2.32%
💾 Super Micro Computer (SMCI-Q) -7.98%
👟 Nike Inc (NKE-N) -20%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2.44%