Amazon and oil lift markets

Futures were green Friday morning until U.S. employment numbers came in better than expected, which pressured markets. However, stocks rallied by the close. The S&P finished 0.52% or up 2% for the week or 7% below its peak, the Nasdaq 1.58% for the day or down 10% for 2022, and the Dow nearly broke even, closing -0.06%.

Amazon and Snap reported blow-out quarters. Amazon soared 13.74% while Snap popped 58%. Other gainers included Bank of America up 4.28%, Twitter 7.27%, Take-Two Interactive 7.33% and Etsy 5.38%. Laggards included Ford at -9.73% after issuing its quarter, Clorox -14.52% and Stanley Black & Decker -4.43%. Despite strong gains in some tech names, the U.S. 10-year yield surged to highs last seen since December 2019, jumping to 1.918%. Meanwhile, Bitcoin leapt 11% to over $40,500.

The Amazon effect and ever-climbing oil prices helped push the TSX 0.84% higher on Friday and nearly 3% for the week (or 0.5% YTD). Crude hit multi-year highs as WTI rallied over 2% to suprass $92 per barrel and WCS jumped 2.5% to top $78 (or 77% for the past year). Besides energy and tech, materials and financials also gained on Friday. Shopify bounced 8.81%. Weed names surged, such as Tilray by 6.15% and Cronos at 5.44%. Cameco added 4.53%, Denison Mines 4.17% and Baytex 4.4%. Losing ground were Interfor at -5.39%, Parex -4.79% and Open Text -3.9%. Gold inched up to $1,800 an ounce.

📦 Amazon.com (AMZN-Q) +13.74%
📷 Snap Inc. (SNAP-N) +58%
🏛 Bank of America (BAC-N) +4.28%
🐦 Twitter, Inc (TWTR-N) +7.27%
💾 Take-Two Interactive Softwar (TTWO-Q) +7.33%
🛍 Etsy Inc. (ETSY-Q) +5.38%
🚚 Ford Motor (F-N) -9.73%
🧴 Clorox Company (CLX-N) -14.52%
🔌 Stanley Works, The (SWK-N) -4.43%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +11%
🛍 Shopify Inc. (SHOP-T) +8.81%
🌿 Tilray Inc. (TLRY-Q) +6.15%
🌿 Cronos Group Inc (CRON-T) +5.44%
⛏ Cameco Corporation (CCO-T) +4.53%
⛏ Denison Mines Corp (DML-T) +4.17%
⚡ Baytex Energy Corp (BTE-T) +4.4%
🌲 Interfor Corp (IFP-T) -5.39%
🏗 Parex Resources Inc. (PXT-T) -4.79%
💾 Open Text (OTEX-T) -3.9%