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Spreadsheet
Volatility reigned yet again as markets closed the week decidedly mixed. The S&P closed Friday up 0.21% and Nasdaq modestly rebounded by 1.43%, but the Dow finished -0.14% and the TSX -0.39% as oil prices slid on recession fears. For the week, the S&P was -5.79%, the Dow -4.79%, the Nasdaq -4.77 % and the TSX -6.6%. All this despite–and triggered by–the U.S. Fed hiking interest rates by 75 basis points this week. The U.S. 10-year retreated to 3.23%, Bitcoin lost another 2% to settle around $22,500 while WTI crude tanked nearly 6% below $110 and WCS below $90.
Major gainers in Toronto: Lightspeed up 7.05%, Aurora Cannabis 6.88%, and Ballard Power 6.34%. Losers were Vermilion Energy -8.59%, Birchcliff -7.39%, Meg -7.12% and Suncor -6.17%.
On Wall Street, Amazon gained 1.86% while travel names recovered some ground including Carnival up 9.49%, Norwegian Cruise Line 9.68% and American Airlines 6.33%. In contrast, Exxon closed -5.12% and Devon Energy -8.47%. Energy was the weakest sector by far on both sides of the border on recession fears.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2%
💾 Lightspeed Commerce Inc (LSPD-T) +7.05%
🌿 Aurora Cannabis (ACB-T) +6.88%
🔋 Ballard Power Systems (BLDP-T) +6.34%
🛢 Vermilion Energy Inc (VET-T) -8.59%
🛢 Birchcliff Energy Ltd. (BIR-T) -7.39%
🛢 MEG Energy Corp (MEG-T) -7.12%
🛢 Suncor Energy Inc (SU-T) -6.17%
📦 Amazon.com (AMZN-Q) +1.86%
🚢 Carnival Corp. (CCL-N) +9.49%
🚢 Norwegian Cruise Line Holdings (NCLH-N) +9.68%
🛫 American Airlines Group (AAL-Q) +6.33%
🛢 Exxon Mobil (XOM-N) -5.12%
🛢 Devon Energy Corp (DVN-N) -8.47%
