Daily

With the TSX closed for the national holiday, Wall Street opened the second half of 2024 with a modest rally. The S&P advanced 0.28%, the Nasdaq 0.84% and the Dow 44 points. Again, tech led the charge higher as Tesla […]

The end of June means reports cards, and here is how the major indices performed in the first half of 2024: the TSX 4.5%, the S&P 14.5%, the Nasdaq 18% and the Dow nearly 4%. The biggest gains, of course […]

Trading volumes were lower than usual as the markets went sideways on Wednesday. Gains were modest across the major indices in Toronto and New York. The TSX added 16 points materials and industrials made outsized gains, but couldn’t offset weakness […]

Markets leader Nvidia recovered some recent losses by rebounding 6.47% Tuesday. Its performance lifted the Nasdaq by 1.24% as the S&P added 0.35% and the Dow shed 0.8%. The cruise lines sailed to generous gains as Carnival popped 7.87% and […]

The week started differently between Canadian and American markets. Lagging Wall Street this year, the TSX rebounded Monday by 1.28% as all sectors but tech rallied. Staples, energy, financials and utilities enjoyed outsized gains. Most active were energy names TC […]

Markets ended the week on a very mixed note as leader Nvidia sank 3.22%. The S&P closed -0.16%, the Nasdaq -0.18% and the Dow was flat, adding only 15 points. For the week, the S&P gained 0.57%, the Nasdaq 0.12% […]

Wall Street reopened Thursday, but tech snapped its winning streak as the Nasdaq shed 0.68%, led by behemoth Nvidia which sank 2.37%. Other major movers were Apple at -2.31%, AMD up 5.17% and Gilead which jumped 8.3%. Elsewhere, the S&P […]

U.S. markets were closed Wednesday for a holiday. The TSX sank 0.44% as all sectors fell. Staples and industrials  fared thr worst and materials and telcos the best. Volumes were less than half the norm. Gold held st US$2,321 and […]

Tuesday’s markets saw mixed trading, but Nvidia rallied another 3.53% to not only make a new record high, but surpassed Microsoft as the largest market cap stock at US$3.3 trillion. Despite NVDA’s gains, the Nasdaq sank 1.83%. Tech was mixed […]

The start of the new trading week extended record gains made in the last one as the S&P and Nasdaq reached new highs at Monday’s close. The S&P added 0.77% to 5,472 and the Nasdaq 0.95% to 17,857. As usual, […]

Friday saw the Nasdaq holding its record high, but failing to advance while the S&P slipped 0.16% from its own high. For the week, however, these indices gained 3.25% and 1.58% respectively, driven by AI stocks. In fact, Adobe delivered […]

In some ways Thursday was a repeat of Wednesday’s session as the S&P and Nasdaq made record highs again, driven by AI and tech. However, the TSX and Dow sank. Once more, U.S. inflation data drove much of the action […]

Wall Street was hit by the double whammy of tame inflation and the Fed’s latest rate decision to propel the S&P and the Nasdaq to a second-straight day of new highs. U.S. consumer prices rose year-over-year in May by 3.3% […]

Tuesday started weakly, but the S&P and Nasdaq gained altitude during the session to land in record territory. The S&P added 0.22% to 5,372 and the Nasdaq 0.77% to 17,330. In contrast, the Dow sank 0.35% and the TSX lost […]

The Toronto and New York markets began the week inching higher, taking the S&P and Nasdaq to record closes. The S&P advanced 13 points, the Nasdaq 59 and the Dow 69 as markets were really in a holding pattern into […]

The U.S. received a Goldilocks jobs report on Friday. The number of new jobs added in May clocked in at 272,000, far higher than the expected 180,000, but the unemployment rate still ticked up from 3.9% to 4.0%. The U.S. […]

Thursday’s session was lazing in the summer sun as trading barely reached half of normal volumes. Despite that, the S&P and Nasdaq hovered near all-time highs reached the day before. The two indices were basically flat, while the Dow advanced […]

Wednesday morning, the Bank of Canada cut the key lending rate 25 basis points to 4.75%. The move was expected and the TSX saw an initial bump that faded, but closed on strength. The index gained 0.76% to return above […]

Tuesday saw general, though undramatic selling for most of the session on both sides of the border until the major indices closed on strength. All the U.S. indices finished positive, though the S&P was essentially flat, the Nasdaq added 0.17% […]

It was a busy Monday to open trading in June. GameStop returned after a Reddit post announced a mysterious $175 million investment by a single trader. Shares soared 21% in action not seen since the bad, old days of meme […]

All indices except the Dow, which slipped 1%, ended Friday flat. This included the TSX which closed on strength with only four sectors in the red. Discretionary and industrials led the gainers while materials lagged the most. For May, the […]

Earnings moved Bay and Wall streets in different directions Thursday. The Canadian banks continued to report with Royal and CIBC announcing beats, which lifted their shares by 5.19% and 7.01% respectively. Similarly, EQB jumped 13.52%. Aside from financials, utilities also […]

Wednesday saw broad-based selling on both sides of the border as yields climbed. The U.S. 10-year inched up to 4.614% as the S&P closed -0.59%, the Nasdaq -0.43% to tumble below 17,000, and the Dow -0.89%. Key movers included American […]

On Tuesday, AI stocks continued to surge, lifting the Nasdaq above 17,000 for the first time. The tech-heavy index rallied 0.59%, while the S&P was flat around 5,300 and the Dow sank 0.55%. Juggernaut Nvidia continued to rise, jumping nearly […]