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North American markets slid sharply Wednesday after The selling touched all sectors and literally almost every stock on Wall Street and most on Bay Street. The S&P closed -4.03% to 3,924 to a new 52-week low, the Nasdaq -4.73% to […]
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After the close with Allan
Tuesday saw a convincing rally that ended on session highs. The S&P ended up 2.02%, the Nasdaq 2.76% and the Dow 1.34%. Nearly all of the sectors rallied. Major gainers included Boeing up 6.45%, Disney and JPMorgan both adding 3.31%, […]
Markets began yet another week of volatility as stocks, especially in America, bounced between positive and negative Monday. The S&P closed -0.39%, the Nasdaq -1.2% and the Dow finished even at 0.08%. WTI and WCS crude jumped over $3 a […]
Hot inflation fed volatilty this week, pressuring the American and Canadian indices down between 2.2-2.5% and even pushing Bitcoin to lows below $30,000, but Friday saw a strong bounce. On Friday, the S&P closed 2.39%, the Nasdaq 3.82%, the Dow […]
Markets saw another volatile session Thursday as another set of American inflation numbers confirmed that inflation is at 40-year highs. Markets fell in the morning, then flirted with positivity, tumbled and rallied in the final hour. On Wall Street, the […]
Wednesday saw another wild session as markets initially rallied on new U.S. inflation data which was slightly worse than expected, but signalled some easing. However, the sentiment turned bearish and stocks sold off. The S&P closed -1.65%, the Nasdaq -3.18% […]
Tuesday saw North American markets attempt to bounce back, but finished with mixed results. Stocks rallied at the open, but dipped into the negative midday, and finished both positive and negative. The S&P rose 0.24% and the Nasdaq 1%, but […]
Markets on both sides of the border extended last week’s sell-off, triggered by fears of an economic slowdown, hot inflation and a sharp rise in interest rates. On Monday, the the S&P closed -3.2% to fall below 4,000, the Nasdaq […]
Markets extended Thursday strong selling to cap a week of declines. Friday saw a volatile session with American indices briefly seeing green over lunch hour before resume its sell-off. However, Wall Street closed well off session lows at the S&P […]
A mere day after stocks rallied after the U.S. Fed announced an expected 50-basis point hike in interest rates, but squashed any idea for 75, American stocks tanked while Canadian tanks fell, too. On Thursday, the S&P closed -3.63%, the […]
Stocks on Wednesday were in a holding pattern until 2:00 pm EST when the U.S. Fed Jerome Powell announced a 0.50% interest hike, which Wall Street had been expecting. However, markets on both side of the border soared when Powell […]
The TSX enjoyed a 1.09% rise on Tuesday led by a surge in energy and materials. Influential movers were Suncor, up 2.39%, Athabasca Oil jumping 11.29%, Baytex rising 5.91% and Cenovus advancing 4.68%. In addition, Air Canada climbed 3.67% and […]
Monday saw the U.S. 10-year yield touch 3% and tech leading a late rally to end a choppy session. The S&P closed 0.57%, the Nasdaq 1.63% and the Dow 0.26%. The TSX also rallied in the dying minutes, but stayed […]
Traditionally a rally month, April ended with the Nasdaq sliding 13% (its worst month since October 2008), the S&P sliding 8.8% (worst since June 2020), though the rally in oil and natural resources cushioned the TSX’s losses to only 3% […]
Megatech earnings continued to fuel the American markets as Meta/Facebook’s strong quarterly beat sparked a rally on Thursday. Meta soared 17.59% to return it above $200 after sliding in recent weeks. Its momentum helped lift the S&P 2.48%, the Nasdaq […]
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