After the close with Allan
Shopify reported an earnings beat and rosy guidance, which catapulted shares by 21.5% and lifted the TSX to another record close. The Canadian index jumped 1.27% or 35 points to 27,920, even though sectors were mixed. Outsized gains in tech […]
The TSX returned to business on Tuesday and ripped 2.03% or 549 points higher to a record close of 25,750. All 11 sectors rallied, led by materials, tech and health care. In fact, the biggest gainers were miners: Kinross Gold […]
With the TSX closed for a holiday, Wall Street was back in business on Monday and American shares bounced back after Friday’s sell-off. The S&P regained 1.447%, the Dow 1.34% and the Nasdaq 1.95%. Once more, Nvidia led the rally, […]
Trump slapped many of America’s trading partners with tariffs including its neighbour, Canada, at 35%. Also, U.S. jobless numbers came in worse than expected. U.S markets slid: S&P -1.5%, the Nasdaq -2.24% and the Dow -1.19%. All the indices slid […]
After reporting on late Wednesday strong earnings and upbeat forecasts, Mag 7 stalwarts Meta and Microsoft soared Thursday by 11.25% and 3.95% respectively. However, the Nasdaq itself sank 0.05% as did the S&P by 0.41% and the Dow by 0.8%. […]
Markets eagerly awaited the latest interest rate decisions by the U.S. Fed and Bank of Canada on Wednesday. There were few surprises, though, as the banks held rates at 4.3% and 2.75%, respectively, citing uncertainty caused by Trump’s tariffs. The […]
The annual U.S. inflation rose crept up to 2.7% in June, after posting 2.4% in May. The second-straight month of rising American prices made Wall Street jittery and sold off across all three major indices. The S&P closed -0.3%, the […]
Markets failed to rally after the U.S. struck a preliminary trade agreement with the EU. True, the Nasdaq rose 0.33% to another record close, but the Dow sank 0.14% while the S&P was flat. Investors may be holding their breath […]
Helped by some strong earnings, markets in New York and Toronto rallied yet again to end a record-breaking week. The S&P advanced 0.4%, the Nasdaq 0.2% and the TSX 0.45% on Friday to establishe new record closes, surpassing highs made […]
The indices were mixed on Thursday, with the TSX and Dow modestly falling, but the S&P and Nasdaq climbing once more to record highs. The TSX closed down 19 points, the Dow -0.7%, the S&P added 0.07% and the Nasdaq […]
A Financial Times report that the U.S. and EU were near a trade agreement helped lift indices in Toronto and New York to record closes once again. The S&P climbed 0.78%, the Nasdaq 0.61% and the TSX 0.19% to 27,416. […]
Stocks offered few dramatic moves on Tuesday as investors eyed earnings reports in the U.S. and ongoing American tariffs. The TSX climbed 47 points to nearly match its all-time record set last week, while the Nasdaq slipped 0.39%, the Dow […]
Markets closed on weakness on Monday, but still closed at record highs after gaining a handful of points. The S&P inched 0.1% higher, the Nasdaq 0.4%, the Dow 14 points and the TSX by nearly three points or 0.1%. The […]
Friday’s session saw lackluster movement in New York and Toronto after hitting record highs several times this week. The S&P was flat, the Nasdaq gave back 10 points while the Dow declined 0.32%. For the week, the Dow was flat, […]
Earnings from U.S. companies and positive economic data lifted the indices on both Wall and Bay streets to new highs Thursday. America’s latest weekly jobless claims decreased as June’s retail sales beat expectations. The S&P rallied 0.54% to 6,297 and […]
Wednesday’s session was wild after the White House indicated that Trump would fire Fed Chief, Jerome Powell, then Trump himself denied he would. Markets tanked initially then recovered, given how the markets would disapprove if Trump dismissed him. (Trump himself […]
Tuesday markets welcomed the release of June’s inflation numbers with a partial sell-off. The S&P closed -0.4%, the Dow -0.98% though the Nasdaq managed to climb 0.18%. U.S. inflation in June was 2.7%, up from 2.4% the month before as […]
Stocks inched modesty higher to begin the week: the S&P 0.14%, the Nasdaq 0.27% and the Dow 0.2%. Fears of the tariff war resuming lingered with the latest salvo from Trump being a 100% levy on Russian goods if Vladimir […]
True, the S&P and Nasdaq hit new record closes this week, but the former sank 0.31% for the week and lost about that much on Friday, while the latter shed a handful of points over the week and slipped 0.22% […]
The S&P and Nasdaq inched higher to record closes, despite growing talk of complacency in the market over Trump’s ever-changing tariff decisions (Brazil being the latest target). The S&P added 0.27% and the Nadaq 19 points to 30,630 while the […]
Wednesday saw more TACO headlines from Trump as he slapped tariffs on copper entering the U.S. and on everything from Brazil. Despite that, the S&P rose 0.61%, the Nasdaq 0.94% to a new high and the Dow 0.49%. The U.S. […]
The uncertainty caused by TACO (Trump’s ever-changing tariff policies) kept markets gridlocked on Tuesday as the S&P and Nasdaq were basically flat and the Dow sank 0.38%. Even the U.S. 10-year yield held around 4.4%, though Bitcoin gained 0.8% to […]
The week began with Trump pushing his July 9 tariff deadline to August 1, but also threatening Japan and South Korea with new ones. Though markets are growing so desensitized to Trump’s erratic trade policy that Wall Street has christened […]
The TSX added only 14 points on Friday, but it was enough to lift the Canadian index to a new high of 27,048. Only four sectors lagged, led by tech and only slightly so. REITs did the heaviest lifting. Among […]
A positive employment number from the U.S. government helped lift markets on both sides of the border to fresh record highs. Wall Street closed early ahead of the July 4 holiday with the S&P adding 51 points and the Nasdaq […]
