After the close with Allan
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 […]
Thursday saw the bulls return as markets bounced back to partially make up for recent losses. The TSX rose 0.8% as almost all sectors rallied, led by strong performances in staples, financials and materials. Only healthcare and utilities suffered losses. […]
Wednesday’s session saw the price of WTI crude spike 3.6% to $93.65 a barrel and the U.S. 10-year yield surge past 4.6%, creating a choppy trade for stocks on both sides of the border. Despite oil’s rally, the TSX sank […]
Tuesday’s session erased Monday’s gains and then some as U.S. new homes sales missed expectations in August, and September’s consumer confidence index fell in September from August. This data fueled investor anxiety and kept the U.S. 10-year yield at 4.548%. […]
The trading week began on a relatively quiet note with stocks edging up in Toronto and New York while crude oil was flat. The TSX added 20 points to remain just below 20,000 as Canadian sectors were mixed. Energy stocks […]
Friday closed with the major incides in Toronto and New York either flat or mildly down, but losing ground over the week. The TSX shed 11 points Friday to remain below 20,000 while it slipped 4% over the week. Sectors […]
Markets sold off Thursday, a day after the U.S. Fed announced it would not touch interest rates, but would keep them higher for longer and would raise them again if needed. That hawkish sentiment, similar to statements just made by […]
Markets treaded water on Wednesday until the U.S. Fed’s Jay Powell announced his latest interest rate decision: no change. This was widely expected. However, his comments immediately afterwards at the press conference were considered hawkish by many. As a result, […]
Canada’s inflation rate unexpectedly rose to 4.0% in August, surpassing the expected 3.8% and July’s 3.3% print. The rising price of crude oil was the main culprit. The news hit the TSX Tuesday and pushed the index down 1.34%, with […]
Monday saw the rally in crude oil continue as WTI hit $92 after surging 1.3%. Despite oil’s performance, energy was one of the weakest sectors on the TSX along with tech and materials. All sectors except for a modest rise […]
Stocks closed Friday on weakness, though the TSX managed to gain for the session and the week. The Canadian index advanced 0.26% on Friday and 2.73% over the week. A key factor is the ongoing rally in crude oil which […]
Thursday saw crude oil’s rally continue as WTI broke $90 a barrel by rising 2.3%. This helped lift the TSX by 1.42% as all sectors rallied, led by real estate, consumer staples and industrials. Energy names were among the biggest […]
