After the close with Allan
Markets on both sides of the border slid Monday on fears that central banks won’t cut interest rates as quickly as expected. The U.S. 10-year yield climbed to 4.166% as red filled trading screens. Investor sentiment wasn’t helped by McDonald’s […]
Meta reported a blow-out quarter after the bell Thursday and announced a surprise first-ever dividend, which sent shares rocketing Friday by 20.44%. The move overshadowed Amazon‘s own earnings and rally of nearly 8%, and helped lift the Wall Street indices. […]
After selling off following Jerome Powell’s comments the day before, markets rebounded Thursday to recover most of that lost ground. The S&P rallied 1.18% past 4,900, the Nasdaq 1.24% and the Dow 0.9%, all flirting with new highs. During the […]
The U.S. Fed delivered its much-anticipated press conference on Wednesday afternoon. Fed chief Jerome Powell surprised no one by holding interest rates, but disappointed some in dismissing a rate cut in March, as some had hoped. Markets climbed initially after […]
Though the TSX and Dow made fresh 52-week highs on Tuesdays, markets in Toronto and New York went basically sideways on Tuesday in mixed trading. Investors are waiting for U.S. Fed chief Jay Powell to make his interest rate announcement […]
On Monday, American markets scaled new highs on the eve of megatech names reporting. Meta and Microsoft notched record highs after rising 1.75% and 1.43% respectively a day before they report. Their performance helped lift the Nasdaq 1.04%. The S&P […]
After hittinh new highs this week, markets settled into a mixed session on Friday. The S&P closed -0.11%, the Nasdaw -0.39% and the Dow 0.6%. For the week, the indices rose 1% except the Dow which added 0.6%. Keys movere […]
On Thursday, Q4 U.S. GDP data handily beat expectations, clocking in at 3.3% instead of 2%. Core inflation for personal consumption rose 2% while the headline rate was 1.7%. The American economy was stronger than expected to end 2023 and […]
Netflix reported after the bell on Tuesday and shares soared Wednesday to close 10.47% higher. The optimism over the top streamer extended to other areas of tech as Microsoft touched US$3 trillion in market cap during the session and closed […]
The TSX climbed 0.46% Tuesday, surpassing gains made by the S&P at 0.31% and the Nasdaq of 0.44%. The S&P made another all-time high while the Nasdaq rose to a new 52-week high. All but two sectors on Bay Street […]
While the TSX added only 17 points Monday to remain under 21,000, tech continued to fuel the American stock market. Though the major indices were off their session highs, both the S&P and Dow closed at all-times. The S&P added […]
The weekend began bearish but ended bullish as ongoing strength in tech led the three U.S. indices to new 52-week highs. The Nasdaq rallied another 1.59% on Friday and rose 2.28% for the week. The S&P climbed 1.16% during the […]
Tech lifted markets, American especially, on Thursday to end their recent slump. The S&P rose 0.88% to nearly 4,800, the Nasdaq jumped 1.35% past 15,000, and the Dow added 0.54%. After enduring recent downgrades, Apple received a major upgrade and […]
Bay and Wall streets, already wrestling with mixed inflation data in Canada and the U.S. also contended with weak economic from China. Such worries drove down North American markets on Wednesday. The Chinese real estate market continues to slump, which […]
Tuesday saw the bears return to the markets. The TSX closed below 21,000 after shedding 0.54%. Unexpectedly, December CPI came in at 3.4%, higher than November’s 3.1%. Sectors were evenly mixed, though strength in staples and telcos couldn’t offset deep […]
With Wall Street closed Monday to honour civil rights leader Martin Lither King, Jr., the TSX advanced 0.34%, closing on strength, to return to 21,000. All sectors except two rallied, led by strong gains in consumer staples as well as […]
The Friday session began strong, but closed weaker. The TSX still managed to rise 0.34%, just a hair below 21,000, and turned positive for the week, up 0.25%. Most sectors were up, led by materials and industrials, but staples and […]
On Thursday, the U.S. December CPI print came in at 0.3%, pushing the annual rate to 3.4%, compared to the expected 0.2% and 3.2%. Core CPI was in in-line. The data suggests that future interest rate cuts may come slower […]
Wednesday saw markets on Wall and Bay streets climb cautiously ahead of the key U.S. inflation data. The S&P added 0.41%, the Dow 0.35% and the Nasdaq 0.57% to nearly 15,000. The U.S. 10-year yield held around 4.044%. Key movers […]
Markets on Bay and Wall streets gave back some of Monday’s impressive gains in a session that saw little direction. The TSX closed -0.44% with only tech and telcos rallying. Materials and financials led the laggards. Of note were TD […]
Monday saw the bulls roar back after last week’s choppiness. Tech lead a broad-based rally in Toronto and New York that closed near session highs. The TSX finished up 0.6% despite crude oil falling on an OPEC+ price cut. WTI […]
Major indices on both sides of the border snapped a 9-week winning streak despite a flat Friday to cap the first trading week of 2024. For the session, the S&P added nine points, the Dow 25 and the Nasdaq 13. […]
The TSX enjoyed modest gains on Thursday as industrials and financials led most sectors higher while energy lagged. Notable names included Parkland up 3.71%, Nuvei 3.48%, Baytex -2.42%, Cenovus -3.57% and Silvercrest Metals advancing 2.98%. WTI crude slipped 0.4% to […]
Thursday saw more losses in stocks in Toronto and New York to start the new year and halt the Santa Claus rally. The S&P closed -0.8%, the Nasdaq -1.18%, and the Dow -0.63%. Like the day before, there were losses […]
Call it profit-taking after the December rally and/or a rare analyst downgrade of Apple, but red overflowed on trading screens throughout the first session of 2024. Apple closed -3.58% and Intel -4.88% along with many of its peers. Cruise liners […]
