Another rally caps positive week and month
Friday saw stocks extend gains of recent days to end a positive week and month. The TSX rose 1.31% for the day or 3.7% for the week and slightly more in July. Meanwhile, the S&P closed on Friday up 1.42%, the Nasdaq 1.88% and the Dow 0.97%. The Nasdaq was up over 4.5% for the week and over 12% in July as the S&P gained over 4% and 9% respectively. Tech and consumer discretionary led in July. On Friday, all but two sectors (staples and health) were positive.
Notable movers: Amazon 10.4%, Chevron 8.9%, Apple 3.28%, Tesla 5.79%, Intel -8.56%, and Procter & Gamble -6.18%. The U.S. 10-year yield slipped to 2.65% as Bitcoin climbed slightly to $24,000.
It was a similar story in Toronto as WTI crude gained $2 to $98 and WCS added around $1.25 to $77. Major movers were Athabasca Oil up 5.68%, First Quantum Minerals jumping 9.76%, Arc Resources at 4.36% though Shopify slipped 3.13% and Aecon tanked by 13.48%.
📦 Amazon.com (AMZN-Q) +10.4%
🛢 Chevron Texaco (CVX-N) +8.9%
🍎 Apple (AAPL-Q) +3.28%
🚗 Tesla Motors Inc (TSLA-Q) +5.79%
💾 Intel (INTC-Q) -8.56%
🧼 Procter & Gamble (PG-N) -6.18%
🛢 Athabasca Oil Sands Corp (ATH-T) +5.68%
⛏ First Quantum Minerals (FM-T) +9.76%
🛢 Arc Resources Ltd (ARX-T) +4.36%
🛍 Shopify Inc. (SHOP-T) -3.13%
🏗 Aecon Group Inc (ARE-T) -13.48%
