After the close with Allan
It’s megatech earnings week and Microsoft reported a blow-out quarter on the strength of its cloud business. This lifted tech stocks and Wall Street overall on Thursday with the S&P climbing 0.63%, the Nasdaq 1.52% and the Dow 0.21%. Microsoft […]
Negative GDP on both sides of the border pressured markets on Wednesday, though a late rally limited the damage. U.S. GDP shrank by 0.3% in Q1, the first contraction in three years, which mostly happened under Trump’s first 100 days. […]
Canadian stocks modestly rose after the Liberals won the federal election, securing at least a minority government. The TSX more or less baked in the outcome based on weeks of polling leading up to Monday’s vote. The TSX advanced 0.31% […]
The TSX cautiously added 0.36% on Monday as Canadians headed to the election booths to choose their Prime Minister. Eight sectors, led by telcos, staples and energy, rose, while healthcare lagged the most. Key names included Denison Mines up 4.64%, […]
Tech gained on Friday, but markets remained cautious in light of Trump’s ongoing tariffs. The TSX closed Friday -0.23%, though gained 2.15% for the week. Sectors were mixed with utilities and real estate slightly up, but industrials and materials down. […]
Markets surged on Thursday as Trump signaled that his administration was talking to Chinese officials to ease the tariff war, though Beijing denied any such dialogue. Nevertheless, this news and recent utterances by Trump that he would reduce tariffs against […]
Markets extended Tuesday’s gains as Trump indicated that he won’t replace U.S. Fed Chair, Jerome Powell, despite recent threats, and stated that he will reduce the 145% tariff on China, though did not elaborate. Wednesday markets jumped on this sentiment, […]
Tuesday markets regained some ground recently lost as the S&P rose 2.51%, the Nasdaq 2.71% and the Dow 2.66%. Major movers included Equifax leaping 13.84%, Nvidia 2.04%, Tesla 4.6%, Apple 3.41% and Northrop Grunman sliding 12.66%. The U.S. 10-year yield […]
Monday markets were sharply in the red after Trump lashed out at U.S. Fed chief Jay Powell for not cutting rates. The latest turmoil from the White House plunged stocks across the board while gold and cryptos rallied. The S&P […]
The TSX ended the shortened trading week on a positive note, up 0.36% on Thursday while topping 5% over the week. Apart from materials, all sectors rose, led by energy, healthcare and telcos. Major movers: CNQ 2.07%, Cenovus 3.65%, Whitecap […]
The Toronto and New York markets had distinctly different sessions on Wednesday. The Bank of Canada held its key lending rate at 2.75%, as some expected. BoC governor Tiff Macklem projected GDP to be 1.8% in Q1, but much weaker […]
Canadian inflation (CPI) unexpectedly dipped from 2.6% in February to 2.3% in March. The TSX rose by 0.84% or over 200 points as healthcare, real estate and tech led eight of the sectors higher. Key names: TC Energy up 1.86%, […]
Monday saw another rollercoaser in trading as Trump openly pondered pausing car tariffs. Markets leapt after the opening, sunk by noon, then rallied again, but fell short of the day’s earlier highs. The three U.S. indices rose by 0.64-0.77% as […]
Stocks in New York and Toronto turned higher Friday to end one of the most volatile weeks in history. Markets rallied despite China raising tariffs on U.S. goods to 125% and Trump increasing American levies against China to 145%, effectively […]
A day after an historic rally, driven by a pause in some Trump tariffs, trade worries returned to the minds of investors and sank markets. The S&P finished Thursday -3.46%, the Nasdaq -4.31% and the Dow -2.5% or over 1,000 […]
Markets on Wednesday were struggling to find direction when mid-afternoon Trump announced he was pausing some of his global tariffs for 90 days. Instantly, stocks across the board soared, leading to the third-best session ever since World War Two. The […]
After three brutal sessions, markets on Tuesday launched a rally in the morning after the White House hailed the start of trade talks with Japan, offering some hope in the trade war. However, that euphoria evaporated as markets ground into […]
Markets extended last week’s brutal losses Monday morning as Trump’s across-the-board tariffs continued to hammer stocks, but there were signs of positivity by the close. Rumours of a tariff pause mid morning actually saw markets jolt into the green before […]
For the second-straight day, markets around the world tanked as a result of Trump’s April 2 tariffs which hit globally. At the epicentre was Wall Street, where the three major indices plunged 5.5-6% on Friday alone. It was the Dow’s […]
World markets plunged a day after Trump announced sweeping reciprocal tariffs after the bell on Wednesday. He slapped a baseline 10% levy on all goods entering the U.S., and hit China with 34% and the E.U. 20%. As expected, stock […]
Wall and Bay streets rose on Wednesday, right before Trump unveiled his next round of tariffs minutes after the closing bell. He announced reciprocal tariffs against many countries, including Canada, which will be hit with onerous levies on many items […]
The NYSE and TSX saw a choppy Tuesday as stocks sank in the morning, rallied, fell, then closed on strength. Volumes were slightly lighter than usual as investors fretted over the next wave of Trumps tariffs to hit Canada, Mexico […]
The trading week began on a sluggish note as markets mildly sold off in the morning, but rose throughout the day to post gains for Monday. In the back of everyone’s minds are Trumps next wave of tariffs, due to […]
U.S. inflation in February topped 2.8%, higher than the expected 2.7% while consumer spending rose by 0.4% that month, short of the 0.5% forecast. The numbers rattled markets, stoking fears of stagflation, and sent stocks tumbling. By Friday’s end the […]
A day after Trump announced 25% car tariffs and mere days before the April 2 phase of tariffs, Wall Street indices lost some ground, while the TSX held at 25,161. The S&P and Dow shed a third of a percent […]
