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After the close with Allan
On Wednesday morning, stocks bounced 1.5% off Tuesday’s sharp sell-off, then sank in the afternoon upon news of the first Omicron case reaching the U.S. The Dow swung 1,000 points for the session before losing 1.34%. Similarly, the S&P closed […]
A day after rebounding, markets sold off again, driven by fears over the latest Covid variant, Omicron, and fresh comments made the U.S. Fed’s Jerome Powell who said he may accelerate tapering. All sectors on the S&P slid as the […]
After Black Friday’s 2.25-2.5% sell-off triggered by news of the Omicron variant, Monday markets recovered part of those losses, led by tech. The Nasdaq rallied 1.88%, the S&P 1.32% and the Dow 0.68%. Even as the U.S. 10-year yield climbed […]
Despite a shortened trading session on Wall Street and historic low volatility on the day after American Thanksgiving, markets were roiled this Black Friday by a new Covid variant announced by South Africa. Futures and European markets immediately plunged on […]
With American markets closed for Thanksgiving, Canadian stocks inched up after a sluggish Thursday morning. All the TSX components gained except materials, and the index closed up a respectable 0.35%. There were few dramatic moves during the session, though notable […]
Supply chain woes continued to bedevil the market, particularly consumer names. on the last full trading day this week in America before Thanksgiving, Wall Street was decidedly mixed: the Dow shed 12 points to close essentially flat as the S&P […]
Stocks on both sides of the border were under water for most of Tuesday, but rallied at the end. The TSX added 0.13%, the Dow 0.5% and the S&P 0.17% but many tech names lost ground as the Nasdaq gave […]
Stocks faded into the close on Bay and Wall streets Monday as the Nasdaq tumbled 1.62%, the S&P (which had looked poised to reach a new high) shed 0.32%, the Dow was essentially flat, while the TSX lost 0.62%. This […]
Tech stocks continued to make new highs as a new lockdown in Austria to fight Covid spooked North American markets Friday. Once more, tech rallied as the Nasdaq made a new high of 16,057 after adding 0.4% for the day […]
Markets see-sawed Thursday that saw the TSX shed 15 points, the Dow close -0.17%, the S&P rise 0.34% and the Nasdaq gain 0.45% just below 16,000. Financials and energy were mixed as many other components were mixed. On Wall Street, […]
Wednesday saw markets slump amid ongoing inflation and suply chain fears and a dip in crude oil prices. and lower than usual volumes. The TSX lost 0.58% as materials was the only sector to trade in the green. T he […]
After a sleepy Monday, stocks rose Tuesday, especially tech, but so did the U.S. 10-year yield. As the S&P added 0.39% and the DOw 0.15%, the Nasdaq rallied 0.76% even as the 10-year yield climbed to 1.639%. Tech and consumer […]
Monday saw a muted start to the trading week as ongoing inflation worries weighed on some investors and volumes suggest that others were taking a breather. The TSX closed modestly down by 0.39%, dragged down by technology stocks and financials. […]
It was a week of hot inflation numbers and it ended with more troubling American economic data. U.S. consumer confidence declined as a record number of Americans quit their jobs. Despite that, Wall Street closed higher on Friday: the Dow […]
On Remembrance/Veterans Day Thursday, markets were mixed and muted on both sides of the border. The TSX narrowly missed making a new close on thin volumes, but still finished up 0.56%. Materials and tech stocks did the heavy lifting as […]
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