Tech and TD lead rally
A choppy week ended on a positive note as markets in Toronto and New York rallied convincingly on Friday. All sectors were green on Bay Street as the TSX advanced 0.89% for the session and 1.2% for the week. Utilities and materials led, while TD was the most influential, jumping 4.43% on news that the bank was accelerating its CEO and board changes by two months. Meanwhile, BCE rose 2.01%, TC Energy 3.1%, First Majestic Silver 4.98% and Cameco 4.83%. Gold declined US$12 to US$2,710 while WTI slipped 0.85% to US$78.
Once more, tech lead the way on Wall Street. The Nasdaq surged 1.51% on Friday and 2.45% for the week. The S&P climbed 1% to nearly 6,000 and advanced 2.9% for the week. Meanwhile, the Dow rose 0.78% and 3.7% for the week. Key movers: Nvidia up 3.1%, Intel 9.25%, Schlumberger 6.06%, Deere 3.72% and JB Hunt Transport -7.83%. The U.S. 10-year yield edged up to 4.6% following a weak of cooler-than-expected inflation data, and Bitcoin hit a new high of US$104,500.
Wall Street is closed Monday to celebrate Martin Luther King. It will also be inauguration day. The TSX will be open for business as usual.
🏛 Toronto Dominion (TD-T) +4.43%
📱 BCE Inc. (BCE-T) +2.01%
🛢 TC Energy (TRP-T) +3.1%
🥈 First Majestic Silver (AG-N) +4.98%
⛏ Cameco Corporation (CCO-T) +4.83%
💾 NVIDIA Corporation (NVDA-Q) +3.1%
💾 Intel (INTC-Q) +9.25%
🛢 Schlumberger Ltd. (SLB-N) +6.06%
🦌 Deere & Co. (DE-N) +3.72%
🚚 J.B. Hunt Transport Servces (JBHT-Q) -7.83%
