TACO and jobless numbers hammer markets
Trump slapped many of America’s trading partners with tariffs including its neighbour, Canada, at 35%. Also, U.S. jobless numbers came in worse than expected. U.S markets slid: S&P -1.5%, the Nasdaq -2.24% and the Dow -1.19%. All the indices slid well over 2% for the week with Dow losing nearly 3%. The TSX fared better Friday, shedding 1.06% and losing 1.7% for the week.
Major movers on Bay Street: MDA Space 18.38%, Baytex -1.36% as the most active name, Tourmaline Oil -2.31%, Brookfield Renewable -6.65% and First Quantum Minerals -4.77%. On Wall Street: Monolithic Power 10.46%, Nvidia -2.33%, and Coinbase -16.7%. Reporting the day before, Amazon tanked 8.27% and Apple fell 2.52% on Friday.
The U.S. 10-year yield ticked down to 4.21%. Bitcoin tumbled US$3,000 to US$113,450. Gold rose US$68 to US$3,358 while WTI slid 3% to US $67.25.
💾 MDA Ltd. (MDA-T) +18.38%
🛢 Baytex Energy Corp (BTE-T) -1.36%
🛢 Tourmaline Oil Corp (TOU-T) -2.31%
💡 Brookfield Renewable Partners (BEP.UN-T) -6.65%
⛏ First Quantum Minerals (FM-T) -4.77%
💾 Monolithic Power Systems (MPWR-Q) +10.46%
💾 NVIDIA Corporation (NVDA-Q) -2.33%
🏛 Coinbase Global (COIN-Q) -16.7%
📦 Amazon.com, Inc. (AMZN-Q) -8.27%
🍎 Apple Inc (AAPL-Q) -2.52%
