After the close with Allan
The ongoing sell-off in AI stocks accelerated with China unveiling its Moonshot model which is challenging American models and rattling American investors. Negative sentiment sent the Nasdaq down 1.4% on Friday and nearly 3% lower for the week. Meanwhile, the S&P sank […]
Capital continued to flow out of semis and memory stocks on Thursday as Nvidia closed -2.4%, Intel -4.84%, Sandisk -12.63% and Micron -5.65%. Elsewhere, Abbott Labs surged 10.69%. The Nasdaq slid 1.47% while the S&P fell 0.51% and the Dow […]
Trading was mixed in Toronto as financials and telcos rallied the hardest while tech and materials slid the most. The TSX gained 0.26% or 91 points. To little surprise, the Bank of Canada held the prime lending rate at 2.25%.Silver declined 1.65%, […]
As the US and Iran resumed fighting over the Strait of Hormuz, WTI oil climbed another 2.25% to US$79.90, though markets in New York and Toronto stabilized. The American indices regained some of the ground they lost in Monday’s sell-off: […]
The trading week began with Trump blockading Iran in the Strait of Hormuz and reversing policy by announcing that the U.S. will charge ships for safe passage there. Iran maintains that it controls the strait, crucial for the transportation of oil. […]
Markets in Toronto and New York edged up a third of a percent Friday as South Korea’s SK Hynix debuted on Wall Street by soaring 12.76%. Other key names: Meta 5.97%, Nvidia 4.03%, Intel -2.4% and Netflix -2.78%. Bitcoin advanced […]
The TSX regained 0.76% on the strength of materials rebounding sharply in names such as Lundin Mining, up 6.98%, and First Majestic Silver at 8.85%. Silver rallied nearly 2.9% to US$59.80, while gold added US$43 to US$41,21. Meanwhile, banks continued […]
As the U.S. and Iran exchanged fire in the Middle East, Trump announced the end of the fragile ceasefire on Wednesday, which sent oil prices soaring as much as 7% and shares tumbling. WTI closed the session nearly 6% higher […]
It was a down day for the high-flying chip stocks as Intel tumbled 9.66% and Micron sank 4.71%. The Nasdaq slid 1.16% as the S&P declined 0.45% and the Dow lost 0.25%. Meanwhile, Tesla closed -4.02%, Occidental Petroleum 5.88% and […]
While the TSX dipped Monday, the Dow reopened after closing Friday to make another record close. The Dow advanced 0.29% to 53,055, the S&P 0.72% and the Nasdaq 1.12% as AI optimism returned to American markets. Major movers on Wall […]
With the NYSE closed Friday in lieu of the July 4 holiday, the TSX rallied over 300 points or 0.9%. Healthcare, discretionary and especially materials fueled the surge while only staples saw mild weakness. Commodities played their part. Gold rose US$55 […]
The TSX reopened to mixed trading and a modest 0.12% decline by the close. Materials and real estate rallied the most, but telcos fell the furthest. Precious metals gained ground: silver up 3.1% to US$60.80 and gold added US$89 to US$4,119.Despite […]
On Canada Day, American indices lost ground in typically light trading days before July 4. The S&P closed -0.22%, the Nasdaq -0.77% and the Dow -0.03%. Key names included AppLovin, jumping 9.58%, Coinbase 8.93%, Nike 4.9%, Micron -10.57%, Meta 8.81%, […]
The TSX was flat on Tuesday, up 33 points, and gained 0.25% in June. Sectors were mixed with tech rallying the furthest and staples and telcos selling off the most. For instance, Telus closed -2.15% and BCE -3.45%. Other major […]
The trading week began with the TSX drifting down 0.47% or by 171 points. Nine sectors led by staples, telcos and materials lost ground while healthcare was among the two sectors that enjoyed any gains. Materials continued to sink: silver down […]
The week ended with the Mag 7 (dubbed the Lag 7 by some) and AI stocks losing ground, while software enjoyed some gains on Friday. ON Semiconductor plunged 23.66% while Western Digital cratered 13.17% during the session. In contrast, Microsoft […]
Micron reported a strong quarter and raised guidance, sending its shares 15.74% higher on Thursday. However, it wasn’t enough to lift the tech-heavy Nasdaq, which slipped 0.46% nor the S&P which was flat, though the Dow managed to climb 0.14%. The […]
Materials and oil continued to fall on Wednesday after WTI sank 4.4% to US$69.99, gold lost 2.86% to US$3,999 and silver tumbled 6.75% to US$57.50. Energy was the worst performer on the TSX as tech and staples fell short in […]
Overnight selling of the semis stocks in Asia swept across New York and Toronto markets on Tuesday. There were sharp losses in the chipmakers, led by Nvidia at -4.13%, Intel -6.14% and Sandisk -13.64%. In contrast, GE Healthcare jumped 5.08% […]
As a fragile peace hangs over the US-Israel-Iran war, the price of oil continued to sink as WTI fell 2.3% to US$74.80. Despite that, energy as well as materials were the strongest sectors on the TSX, which rose 0.43% on […]
With the NYSE closed for an American holiday, the TSX started Friday strong, but faded into the close. The TSX declined 0.32% for the session and nearly that much for the week in a relatively quiet session. Sectors were mixed […]
Tech led American markets higher on Thursday, a day after the Fed-induced sell-off, but commodities dragged the TSX down further. The Nasdaq settled 1.91% higher, helped by Sandisk which soared 11.61%, and Intel up 10.64%. The S&P rallied 1.13% and […]
The U.S. Fed held interest rates, but signalled a hike later this year. Nine of the 18 FOMC members who submitted economic projections foresee an interest rate increase by the end of 2026. Markets in New York and Toronto were trading […]
Tuesday markets looked like Monday’s after the TSX and Dow made new closing highs while tech and crude oil declined. In Toronto, outsized gains in materials largely offset losses in seven sectors, including discretionary, tech and energy. The Canadian index […]
Markets in Toronto and New York ripped on Monday after a ceasefire was announced in the US-Israel-Iran war the day before. Led by minerals, the TSX jumped over 300 points to set a new record at 35,275. Silver rallied nearly […]
