A day after the U.S. Fed held interest rates, markets on Wall and Bay streets rallied across the board as yield sank. The U.S. 10-year fell to 4.659% as the three major indices in New York surged by 1.7-1.8%. The […]
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The week ended on a gloomy note as investors, particularly south of the border, grew more worried over the effect and threat of Trump’s tariffs to trading partners. Recent weak guidance by bellwethers, such as Walmart, have stoked fears of […]
Markets in Toronto and particularly New York were downbeat on Thursday as Walmart warned of slowing sales as well as profit growth due to consumer weakness in 2025. The stock sank 6.53% in trading as its CFO warned that the […]
Wednesday was a relatively quiet day on the market, but the S&P advanced 0.24% to reach a new high of 6,144. Meanwhile, the Nasdaq was relatively flat, up 15 points, while the Dow rose 0.16%. Despite fears of tariffs stoking […]
Bay and Wall streets reopened after the long holiday weekend to post mildly positive results. The TSX outperformed the NYSE as all but two sectors gained, led by materials and energy, while telcos lagged the most. The Canadian index advanced […]
A dramatic week marked by U.S. tariff threats and earnings on both sides of the border ended on a mixed note Friday as the S&P closed flat, the Nasdaq added -0.41%, the Dow sank 0.37% and the TSX shed 0.84%. […]
A day after the U.S. Fed held interest rates, markets on Wall and Bay streets rallied across the board as yield sank. The U.S. 10-year fell to 4.659% as the three major indices in New York surged by 1.7-1.8%. The […]
To no one’s surprise, U.S. Fed Chair Jay Powell held America’s key interest rate steady on Wednesday afternoon. Markets on both sides of the border were already climbing before his remarks, but accelerated after. The S&P closed 1.05% higher, the […]
Tuesday saw August economic data pointing to a mild Canadian recession in Q3. The news surprised no one and the TSX was flat, adding only 16 points. All but two sectors declined, but heavy losses in materials and to a […]
Monday offered the markets some relief as stocks rebounded nearly across the board to recover some of the losses from last week’s sell-off. It happened on the eve of the U.S. Fed’s next meeting and interest rate decision. The S&P […]
In the heart of American earnings season, tech ruled on Friday with Amazon leaping 6.82% and Intel 9.1%. Their rallies helped lift the Nasdaq by 0.38% for the session, but the index was still down by 2.6% for the week. […]
Thursday saw another session of red flashing across traders’ screens as earnings season ground on. Meta grabbed headlines with a top and bottom line beat, but a conservative Q4 forecast triggered shares to decline by -3.73%. Meanwhile, Hasbro sank -11.65% […]
Markets in Toronto and New York were weak on Wednesday as earnings season kicked off for megatech. Microsoft delivered a convincing beat, so shares jumped 3.07%, but Alphabet‘s quarter was mixed and its shares (class A) sank 9.51%. Meanwhile, Intel […]
Tuesday saw American markets enjoy a modest rebound after days of weakness, driven by as optimism (and hope) as megatech earnings season begins. The S&P rallied 0.73%, the Nasdaq 0.93%, and the Dow 0.62%. Key names included Tesla, advancing 2.01%, […]
The trading weak began on a weak note with markets see-sawing throughout Monday before ending mostly in the red. The TSX closed -0.29%, but stayed above 19,000 as most sectors were actually positive, but offset by sell-offs in energy and […]
The U.S. 10-year yield crossed 5% on Friday though closed below that mark to end a bearish session and negative week. Stocks were down across the board in New York and Toronto as yields, the Israel-Hamas war and Washington’s failure […]
Stocks extended losses on Thursday as the U.S. 10-year yield flirted with 5%, the U.S. Fed kept future hikes on the table, and the Israel-Hamas war intensified. Investors had no shortage of worry in Toronto and New York. The TSX […]
The U.S. 10-year treasury yield topped 4.9% on Wednesday, a 16-year high. As a result, stocks slid across the board. The S&P closed -1.06%, the Nasdaq -1.62% and the Dow -0.98%. Notable names were Tesla, closing -4.78%, Nvidia -3.96%, and […]
Tuesday saw a mixed session with the TSX making a modest advance, while American indices were flat or modestly lower. Wall Street was pressured by the U.S. 10-year yield which rose past 4.8%. The TSX addded 0.37% as materials and […]
The trading week began on a positive note as investors felt optimistic of corporate earnings heading into reporting season. There was green across the boards in New York and Toronto. The S&P rose 1.06% higher, the Nasdaq 1.2%, and the […]
The major indices managed to climb modestly this week despite losing ground on Friday. The session started with a rally, but slumped for much of the day as worries over inflation and interest rates nagged investors. The TSX lost 0.18% […]
The latest CPI data landed on Wall Street Thursday. Indices in New York actually rose in the early going, but fell in the end, while the TSX was in the red for the entire session. Consumer inflation numbers came in […]
Markets rose Wednesday morning, fell throughout the day, then closed on strength, albeit modestly. The choppiness was fed by recent comments by regional U.S. Fed officials and ahead of Thursday’s CPI inflation numbers. Will the Fed raise or hold rates […]
Markets in Canada and the U.S. continued to rally, following Monday’s performance. Almost all sectors rose on the TSX as energy, materials and utilities leading the Canadian index 1.33% higher. Even though the price of WTI crude declined 0.64% to […]
The surprise Hamas attack on Israel over the weekend pressured U.S. markets Monday morning, but the main indices recovered in the afternoon and closed positive. The S&P rose 0.63%, the Nasdaq 0.39% to nearly 13,500, and the Dow 0.59%. Airlines […]
The week ended on a twist. Hot jobs numbers in Canada, and especially the U.S., turned markets south to start Friday, but then they reversed into a sustained rally. By the closing bell, the Nasdaq was up 1.6% for the […]
Crude oil continued its slide on Thursday as WTI sank over 2% to $82.50 a barrel. Despite that, the TSX managed to advance 0.54% as most sectors gained, led by income stocks in utilities, telcos and real estate. In contrast, […]
Though it was a choppy session Wednesday, stocks rebounded and closed at session highs, at least on Wall Street. The S&P finished 0.81%, the Nasdaq 1.35%, and the Dow added 0.39%. Major movers were Tesla jumping nearly 6%, AMD up […]
Yields continued to rise as the U.S. 10-year touched nearly 4.8% on Tuesday. This continued to pressure stocks as the S&P closed -1.37%, the Nasdaq -1.87% to barely stay above 13,000, and the Dow -1.29% to hover around 33,000. Major […]
Q4 began on a weak note for the TSX, which sank 1.86% to below 19,200 as oil and gold prices headed south. WTI crude slid 2% to below $89 a barrel while an ounce of gold declined 1.1% to $1,830. […]
Markets finished the week on a mixed note as the major indices sank in September. On Friday, the TSX shed 11 points though more sectors than not rose. Tech and materials led as staples and energy lagged. Key movers: Aritzia […]