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 […]
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The week began with WTI closing in on $83 a barrel after rising 2.3%. Energy and real estate’s gains almost offset staples, materials and other laggards on By Street. The shed 12 points on Monday in mixed trading. Notable names […]
The week ended on a modestly upbeat note on Bay Street after the TSX climbed 27 points on Friday and 0.5% for the week to remain within striking distance of all-time highs. On Friday, materials and utilities led most sectors […]
U.S. headline PCE came in at 0.6%, much higher than the expected 0.3%. Markets initially shrugged off the data, but slid for the rest of the day. The S&P closed -0.33%, the Nasdaq -0.39% and the Dow -0.44% to settle […]
Wednesday saw the TSX rise 0.64% to approach 22,200 and flirt with all-time highs. All but three sectors were positive on Bay Street, particularly materials as well as energy, while telcos lagged the most. Outsized moves came from First Quantum […]
Investors shrugged off higher than expected U.S. inflation February to spark a Tuesday rally. CPI rose 0.4% between January and February. The S&P rose 1.12% to a new record high of 5.175, the Nasdaq surged 1.54%, and the Dow climbed […]
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. […]
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 […]