Markets slide on job numbers
Weaker-than-expected job numbers on both sides of the border pressured markets in Toronto and New York on Friday. It’s the latest weak economic data that continues to fuel popular sentiment that the U.S. Fed will cut rates later this month by either 25 or 50 basis points. For Friday: the S&P -1.61%, the Nasdaq -2.37%, the Dow -0.94% and the TSX -0.91%.
For the week: the TSX -3.2%, the S&P -1.65%, the Nasdaq -4.5% as semis sank, and the Dow -2.4%.
Key names: Enghouse 5.55%, North West Company 3.64%, CNQ -1.25%, Baytex -3.24% and Celestica -10.29% in Toronto. In New York: Dollar General 2.34%, Nvidia -3.69%, Tesla -7.59%, Broadcom -9.66% after reporting and Intel -2.29%.
Bitcoin slid 4.5% to US$53,670. In commodities: WTI slipped over US$1 to US$68 while gold declined US$19 to US$2,523.
💾 Enghouse Systems (ENGH-T) +5.55%
🛒 North West Company (NWC-T) +3.64%
🛢 Canadian Natural Rsrcs (CNQ-T) -1.25%
🛢 Baytex Energy Corp (BTE-T) -3.24%
🧬 Celestica Inc (CLS-T) -10.29%
🛒 Dollar General Corp. (DG-N) +2.34%
💾 NVIDIA Corporation (NVDA-Q) -3.69%
🚗 Tesla Inc (TSLA-Q) -7.59%
🧬 Broadcom (AVGO-Q) -9.66%
💾 Intel (INTC-Q) -2.29%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -4.5%
