Markets fade to cap lacklustre week
True, the S&P and Nasdaq hit new record closes this week, but the former sank 0.31% for the week and lost about that much on Friday, while the latter shed a handful of points over the week and slipped 0.22% on Friday. The Dow sank 0.63% during the session and lost 1% over the week. Though some investors are shrugging off the latest news in the TACO trade (50% tariffs on copper, and threatening 35% on Canada, 50% on Brazil and threats to more than 20 other countries), others are jittery. Hence, the sluggish trade on Friday.
Key names on Wall Street were Halliburton up 4.15%, Kraft Heinz 2.53%, PayPal -5.73%, Dayforce -5.18% and Nvidia adding 0.5% to continue its hot streak of record highs the past week. Meanwhile, Bitcoin jumped 3.85% to nearly US$118,000 while the U.S. 10-year yield crept up to 4.417%.
The TSX sank only a handful of points over the week and slipped 0.22% on Friday as sectors were mixed. Energy and materials performed the best: Aya Gold & Silver 9.25%, First Majestic Silver 7.36% and Cenovus 2.14%. Tech and healthcare lagged the most: Enghouse -4.13% and Open Text -4.03%. Commodities fared better with gold rising US$32 to US$3,386 and WTI climbing over US$2 to US$68.70.
🛢 Halliburton Co (HAL-N) +4.15%
🍅 Kraft Heinz Company (KHC-Q) +2.53%
💳 PayPal Holdings Inc. (PYPL-Q) -5.73%
💾 Dayforce (DAY-N) -5.18%
💾 NVIDIA Corporation (NVDA-Q) +0.5%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.85%
⛏ Aya Gold & Silver (AYA-T) +9.25%
🥈 First Majestic Silver (AG-N) +7.36%
🛢 Cenovus Energy (CVE-T) +2.14%
💾 Enghouse Systems (ENGH-T) -4.13%
💾 Open Text (OTEX-T) -4.03%
