Daily

SpaceX finally IPO’d as the most-hyped debt years. As expected, shares soared 19.22% above its IPO price, but well above the day’s peak. Meanwhile, New York and Toronto indices rallied: the S&P 0.5%, the Nasdaq 0.31%, the Dow 0.7% and […]

After days of a tech sell-off, markets in New York and Toronto rebounded onThursday 1.5% to 1.85%. In Toronto, nearly all sectors were in the green with materials and discretionary leading the charge, while real estate dipped modestly. Helping the […]

Tech continued to tumble to extend Tuesday’s sell off. The S&P closed -1.61%, the Nasdaq -1.98% and the Dow -1.87%. Key names: Super Micro Computer -27.98%, Nvidia -3.73%, Micron -4.7% and Amazon -2.53%. While the U.S 10-year yield held at […]

As if resuming Friday’s session, markets sold off tech names on Tuesday though much of the market was positive, suggesting a rotation. The Nasdaq closed -0.97%, but was well off the lows of the session. The S&P declined 0.26%, and […]

The week began with the price of crude oil spiking after Israel and Iran exchanged fire over the weekend to threaten the ceasefire. WTI added 0.9% to US$91.30, making energy the strongest sector on Bay Street. However, seven sectors, concluding healthcare and […]

Stronger than expected employment numbers in both the U.S. and Canada triggered a strong sell-off in AI tech stocks Friday. Investors forecast at least one interest rate hike by the U.S. Fed this year, despite Trump replacing the Fed chair specifically […]

Financials, healthcare and materials helped lift the TSX 425 points or 1.22% higher to a record close of 35,227. Only two sectors, including telcos, lost ground. Silver rose 1.7% to US$73.85 while gold added 1% to US$4,480. Peace prospects in […]

Stocks retreated from yesterday’s record-breaking highs after yields and the price of oil rose. WTI climbed 2.8% to US$96.40 as the U.S. and Iran war rages on while the U.S. 10-year yield edged up to 4.491%. The S&P closed -0.74%, the […]

The appetite for any stock related to AI and data centres continued to rage on Tuesday, sending the New York and even Toronto indices to record closes. The S&P climbed 0.13% higher, the Nasdaq 0.03%, the Dow 0.45% and the […]

The month began with mixed news from the Middle East after Iran ended peace talks and continued blocking the flow of oil, but later Trump announced that he was resuming these talks. Meanwhile, Nvidia CEO, Jensen Huang, announced that AI posed no […]

Wall Street’s three major indices made intraday all-time highs on Friday, boosted by strong AI earnings and hopes of a resolution between the U.S. and Iran. Dell reported a slam-dunk quarter and raised guidance. Iits shares soared 32.76% to help […]

Strong earnings and yet another Mideast ceasefire fueled optimism on Bay and especially Wall streets on Thursday. The S&P responded by climbing 0.58% to a new record close as did the Nasdaq by 0.91%. The Dow increased 0.05%. Earnings beats added […]

Investors remain optimistic that the U.S. and Iran will reach a peace agreement, and so investors continued to sell off oil on Wednesday. WTI sank US$4.50 to US$89.40 and helped drag down the TSX by 0.75%. Material also weighed on the […]

Wall Street reopened Tuesday following a holiday and played catch-up to Monday’s global rally. The S&P did by rallying 0.61% to a record close of 7,519, and the Nasdaq jumped 1.19% to its own high of 26,656. However, not everything rallied. […]

With U.S. markets closed for a holiday, the TSX surged 0.88% or over 300 points to a record close of 34,774. Minerals soared, leading every sector except energy higher. Silver jumped 3.4% to nearly US$78 while gold climbed over US$60 to US$4,570. […]

Tech led the TSX and Dow to new closing highs on Friday to cap a winning week. The TSX climbed 0.16% to 34,465 and gained 0.59% for the week. Tech and telcos led seven sectors higher while materials lagged the […]

Stocks finished off the lows of the day after investors perceived (again) positive signs for peace between the U.S. Israel and Iran. The S&P closed 0.17%, the Nasdaq 0.09%, the Dow 0.55% to a record high and the TSX 0.68% […]

Wednesday saw the U.S. 10-year-yield retreat from the previous day’s surge and settled around 4.58% by the close. In response, American stocks rallied nearly across the board as the S&P advanced 1.08%, the Nasdaq 1.54% and the Dow 1.31%. In […]

The U.S. 10-year yield hit a 52-week high of 4.663% as inflation worries persisted and drove down American stocks. The S&P closed Tuesday at -0.67%, the Nasdaq -0.84% or 220 points, and the Dow -0.65%. Hardest hit were influential tech stocks: […]

With the TSX closed on Victoria Day, U.S. markets see-sawed on Monday along with bond yields as the street digested recent high inflation numbers. Though the Dow gained 0.32%, the S&P sank 0.67% and the Nasdaq slid 0.51%. The U.S. […]

Stocks fell from their previous day’s highs after hot April wholesale prices pushed yields higher.  The U.S. 10-year yield reached 4.6%, the highest so far this year. Meanwhile, lack of progres in the US-Iran war led WTI crude to jump […]

Never mind the war and inflation, here’s the AI rally. The Nasdaq rose 0.88% to a record close of 26,635, while tech lead the TSX over 200 points higher to approach fresh highs. Meanwhile, the S&P popped 0.77% to make […]

Amid hot inflation and a shaky Mideast peace, tech continued to rally as the Nasdaq jumped 1.27%, Nvidia rose 2.29% and ON Semis soared 11.14%. The S&P gained 0.59%, but the Dow slipped 0.13%. Other key names in New York included […]

April’s inflation number in the U.S. jumped from 3.3% in March to 3.8% in April, hotter than expected. The increase was driven by high oil prices, caused by the US-Iran war which sees little sign of resolution. The S&P retreated […]