After the close with Allan
The week started down, then rebounded, then closed down again. The red-hot semis sub-sector within tech sold off Friday, despite an initial climb to start the session. By the close, Nvidia sank 5.55% after volatile swings both ways. Broadcom reported […]
Markets on Bay and Wall streets extended Wednesday’s gains into Thursday, helped by the U.S. Fed’s Jerome Powell telling Washington that he’s “not far” from cutting interest rates. His comments raised hopes of a June cut. Tech, particularly semis stocks, […]
Markets recovered some of the ground lost in previous days upon comments made by the U.S. Fed’s Jerome Powell and after the Bank of Canada held interest rates. However, the initial rally lost steam by the end of the session. […]
On Tuesday, the spot price of gold surged to a record high of $2,141. As the commodity shone, American stocks and Bitcoin faded on a downbeat day. In Canada, the TSX held its own, giving up five points as sectors […]
The trading week began with Bitcoin surging 6.6% to top $67,300 while gold also approached an all-time high at $2,125 per ounce. In contrast, stocks on Bay and Wall street declined modestly. The TSX shed nine points after more sectors […]
The trading week and month ended on a Friday rally that saw the Nasdaq and S&P make record highs and the TSX approach its peak. Once again, AI-led tech stocks fueled the Friday rally as the Nasdaq rose 1.13% to […]
Thursday morning saw the release of American PCE inflation data coming in as expected in January at 0.4% (0.3% including volatile food and energy costs), and 2.8% from a year ago. The market exhaled and greeted the news positively. The […]
Continuing its rally, Bitcoin broke $60,000 during Wednesday trading and finished the day 4.8% higher just below that mark. Meanwhile, stocks in New York and Toronto showed weakness with the S&P closing -0.39%, the Nasdaq -0.67% to fall below 16,000, […]
Canadian bank earnings season kicked off Tuesday with mixed results. Bank of Montreal missed and shares slid 3.56% while Bank of Nova Scotia beat and rallied 3.18% though rising loan delinquencies shadowed both. Financials were actually one of the few […]
After a week of record highs, the new trading week began with mild downside on Bay and Wall streets. The TSX closed Monday -0.33% as sectors were mixed. Tech and energy rallied, but dividend-paying sectors including real estate and utilities […]
The trading week ended up an upbeat note, even as red-hot tech took a breather on Friday. The S&P climbed 0.27% to make a new record high of 5,097. It rose 1.17% for the week. The Dow also made a […]
One name dominated markets on Thursday. Nvidia reported much-anticipated earnings late Wednesday and beat. Shares soared 16.25% as did its peers, including AMD up 11.46%. That momentum carried U.S. markets to record highs: the S&P jumped 2.11% to 5,087 and […]
Amid a backdrop of rising yields, markets sank on Wednesday as key earnings and guidance disappointed. Most notably, Palo Alto reported and the street sold off the leading cybersecurity stock by nearly -28%. In turn, peers also sank, such as […]
Markets returned to business Tuesday after the long weekend on both sides of the border. Canadian inflation was down to 2.9% year-over-year in January, lower than the expected 3.1% and falling within the Bank of Canada’s target range. Despite the […]
On Friday, U.S. PPI, producers’ inflation, came in hotter than expected for January, up 0.3% instead of the expected 0.1% and higher than December’s -0.1% print. This triggered selling on Wall Street that accelerated into the close after a comeback […]
Thursday’s session saw more gains on Bay and Wall streets as stocks rallied beyond tech. The TSX rose 1.55% or 333 points after every sector gained except consumer discretionary. The biggest movers were in energy, financials and materials. Key names […]
On Wednesday, markets mostly recovered from Tuesday’s sharp sell-off. The S&P closed the session up 0.87% just shy of 5,000, the Nasdaq added 1.23%, and the Dow 0.32%. The U.S. 10-year yield held around 4.265% while Bitcoin surged nearly 4% […]
The recent rally ground to a halt Tuesday after January’s U.S. CPI print came in at 3.1% instead of the street’s forecast of 2.9%. Stocks sold off across the board in New York and Toronto, leaving the S&P -1.37% and […]
Monday saw the TSX rally 0.57% to remain above 21,000. Discretionary, energy and materials led the drive, while tech and industrials lagged. Notable names were Canada Goose flying 8.21%, Baytex 3.35%, Shopify -1.82%, Lithium Americas 6.88% and Aritzia -4.38%. WTI […]
Once more, tech lead American indices to new highs to cap the week. The S&P closed above 5,000 for the first time, the Nasdaq hit a new 52-week high just shy of 16,000 while the Dow declined 0.21%. For the […]
Thursday saw the TSX retreating 0.24% after more sectors than not edged down. Utilities and telcos led the laggards, while real estate and energy were among the gainers. Earnings, both positive and negative, made headlines. BCE reported a disappointing quarter […]
Wall Street rallied Wednesday while the TSX was flat, reversing roles from the day before. The S&P climbed 0.82% to make a new record high just shy of 5,000 while the Nasdaq added 0.95%, and the Dow added 0.4%. Despite […]
A day after Monday’s sell-off, the TSX rose 0.36% to nearly 21,000 as WTI crude added 1% to $73.50 a barrel. All sectors except tech rallied, led by consumer staples and industrials. Key movers were Manulife up 1.4%, Tilray 6.45%, […]
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. […]
