Hot U.S. hot employment numbers from last Friday continued to fuel investor fears on Wall Street of the U.S. Fed slowing or even reversing interest rate cuts this year. The U.S. 10-year yield touched 4.8%, its highest in 52 weeks. […]
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Hot U.S. hot employment numbers from last Friday continued to fuel investor fears on Wall Street of the U.S. Fed slowing or even reversing interest rate cuts this year. The U.S. 10-year yield touched 4.8%, its highest in 52 weeks. […]
The week ended on a sharp sell-off after the latest U.S. jobs report came in hotter than expected. The December unemployment rate unexpectedly fell from 4.1% from 4.2% to reflect a robust economy. However, this news stirred fears of rising […]
Per tradition, the NYSE was closed Thursday in honour of Jimmy Carter, who served as U.S. President from 1977 to 1981. As Mr. Carter was laid to rest, the TSX resumed business as usual by climbing 0.16% or 40 points. […]
The TSX climbed 0.46% Wednesday to return above 25,000, mainly on strength from tech and materials. Tech led seven sectors down. As gold advanced US$14 to US$2,663 an ounce, Equinox Gold popped 10.01% and Calibre Mining jumped 9.5%. Meanwhile, Celestica […]
Stocks faded into Tuesday’s close on both sides of the border. In New York, the S&P ended the session -1.11%, the Nasdaq -1.89% or 375 points, and the Dow -0.42%. Major movers were recent winners taking serious losses: Nvidia -6.22%, […]
Hot U.S. hot employment numbers from last Friday continued to fuel investor fears on Wall Street of the U.S. Fed slowing or even reversing interest rate cuts this year. The U.S. 10-year yield touched 4.8%, its highest in 52 weeks. […]
The week ended on a sharp sell-off after the latest U.S. jobs report came in hotter than expected. The December unemployment rate unexpectedly fell from 4.1% from 4.2% to reflect a robust economy. However, this news stirred fears of rising […]
Per tradition, the NYSE was closed Thursday in honour of Jimmy Carter, who served as U.S. President from 1977 to 1981. As Mr. Carter was laid to rest, the TSX resumed business as usual by climbing 0.16% or 40 points. […]
The TSX climbed 0.46% Wednesday to return above 25,000, mainly on strength from tech and materials. Tech led seven sectors down. As gold advanced US$14 to US$2,663 an ounce, Equinox Gold popped 10.01% and Calibre Mining jumped 9.5%. Meanwhile, Celestica […]
Stocks faded into Tuesday’s close on both sides of the border. In New York, the S&P ended the session -1.11%, the Nasdaq -1.89% or 375 points, and the Dow -0.42%. Major movers were recent winners taking serious losses: Nvidia -6.22%, […]
As expected, Prime Minister Justin Trudeau announced his resignation Monday morning, and will stay in his role until the Liberals choose a new leader. The TSX closed on weakness, down 0.29% to fall below 25,000. Only three of 11 sectors […]
Markets in New York as well as Toronto rallied Friday, but the three major American indices finished the week in the red. The TSX added 0.7% or 170 points for the session, advancing nearly 1% for the week. Real estate, […]
The new year began positively in both Toronto and New York, but Thursday’s session ended with the TSX up 0.69% or 170 points and the American indices down. On Bay Street, only financials were negative, and mildly so, while materials […]
The last trading day of the year was mixed with the Dow more or less flat, down a handful of points, while the S&P closed -0.43% and the Nasdaq -0.9%. However, that hardly made a dent on a strong 2024. […]
Markets extended last Friday’s losses, amid light holiday volumes. Though Wall Street climbed higher from this morning’s weakness, the S&P and Dow still finished nearly 1% lower while the Nasdaq closed -1.1%. Once again, Nvidia was the most active name, […]
The TSX reopened on Friday as the NYSE was already back in business. Both markets sank. Tech led the decline as the Nasdaq tumbled 300 points or 1.49%, the S&P fell below 6,000 after shedding 1.11% and the Dow slipped […]
Though the TSX remained closed on Boxing Day (aka December 26), the NYSE was back to business. Unsurprisingly, it was a quiet day on Wall Street as the Dow advanced a handful of points and the S&P and Nasdaq slipped […]
Amid typically light trading in a shortened session, markets in Toronto ad New York rallied on the last day of trading before Christmas. The TSX advanced 0.4% or about 100 points as most sectors gained. Tech and energy led the […]
The last full trading day before Christmas was a jolly one as markets in Toronto and New York rose. On Bay Street, all but three sectors including real estate gained as the TSX advanced 0.61%. Energy and particularly healthcare rallied. […]
Two days after the U.S. Fed announced only two interest cuts for 2025 and triggered a sharp sell-off, markets on Friday rallied which reduced losses for the week. The three major U.S. indices all rose over 1% during the session, […]
A day after sliding nearly 3% across the board after the U.S. Fed’s hawkish projection for 2025, Bay and Wall streets stabilized. The S&P and Nasdaq were essentially flat on Thursday, while the Dow gained 0.27% and the TSX shed […]
Wednesday stocks were in a holding pattern until U.S. Fed chief, Jerome Powell, announced mid-afternoon an expected 25-basis point cut to the key interest rate. However, his announcements during the press conference triggered a steep sell-off in both New York […]
Markets in New York and Toronto continued to weaken on Tuesday. The TSX closed 0.54% lower as only two sectors managed gains for the session, particularly health care. Telcos and staples led the remaining sectors down. Making outsized moves were […]
The trading week began with tech driving the Nasdaq to new highs, up 1.24% to nearly 20,200. The S&P advanced 0.38% and the Dow -0.25%. Among the Wall Street influencers were Broadcom, popping 11.21%, Tesla 6.14% and Micron 5.62% However, […]
Talk of tariffs from the White House in 2025 and tax-loss selling filled the air. Friday saw the TSX shed 0.54% and lose 1.6% for the week as only tech managed to gain ground during the session. All other sectors […]
Stocks in New York and Toronto sold off Thursday, a day after rallying. The TSX shed nearly 1% as only consumer discretionary gained. Materials and energy led the laggards. Most-influential were CNQ at -2.26%, Cenovus -1.01% and Telus -2.51%. Other […]
As expected, the Bank of Canada cut the key lending rate by 50 basis points to 3.25%, in the wake of climbing unemployment and other economic data. The TSX gained 0.6% for the session, though sectors were mixed. Strong gains […]
Markets in both New York and Toronto extended Monday’s losses into Tuesday. The major American indices all shed around a third of a percentage point as tech led the way down. Once more, Nvidia was the most active name, at […]
Despite climbing to all-time highs early in the session, the TSX finished in the red Monday along with its Wall Street peers. The Canadian index finished the day -0.26% as sectors were mixed. A strong performance in materials and healthcare […]
The week ended with the S&P and Nasdaq modestly rallying to new highs, the former by 0.23% and the latter at 0.78%. Over the week, they gained nearly 1% and 3.3% respectively. The Dow closed Friday -0.3% and -0.6% for […]