After the close with Allan
The bulls returned Thursday after yesterday’s sell-off. A good quarter from Tesla helped. Its shares popped 10.15%. Tech in general rallied with Seagate up 10.92%, Amazon 1.48% and Apple 1.13%.However Sherwin-Williams sank 9.35%. The Nasdaq surged 1.45%, the S&P 0.86% […]
Wednesday saw markets on both sides of the border do a near-180 turn, dipping sharply at the open, then gradually climbing to break-even by the afternoon close. The catalyst for this horseshoe-shaped move was tech titan Microsoft which announced a […]
Tuesday’s session saw modest declines and increases on the cusp of major earnings reports. The TSX was essentially flat, shedding 0.08% as sectors were mixed. Consumer staples rebounded sharply while energy slumped. Major gainers were Shaw Communications up 2.78% and […]
The week began stocks rallying across the board on expectations that the U.S. Fed will raise interest rates by only 25 basis points next week. Economic indicators point to easing inflation and a lower chance of a recession. Tech led […]
It’s been a while, but megacap tech stocks led Friday’s rally and rescued the week from days of losses. The S&P closed the session up 1.89% to nearly touch 4,000, as all 11 sectors rallied, and gained 0.3% for the […]
Thursday saw U.S. jobless claims fall to their lowest level since last September which made investors fear the U.S. Fed will remain hawkish despite declining inflation. As a result, the S&P as well as Dow closed -0.76% and the Nasdaq […]
Wednesday saw markets in Toronto and New York give back recent gains. The TSX closed -0.4% but stayed above 20,000 as only materials showed any real gain, tech was flat and consumer staples led the rest of the sectors downward. […]
Wall Street reopened Tuesday to a mixed session. The S&P closed -0.2%, the Nasdaq 0.14%, and the Dow -1.14%. Tech and banking names were both up and down: Tesla soaring 7.14% and Nvidia 4.36%, but Amazon closing -2.18%. Morgan Stanley […]
With American markets closed Monday to honour civil rights leader Martin Luther King, Jr., the TSX enjoyed moderate gains of 0.15% in a predictably quiet session. The only negative sectors were materials and industrials while consumer staples soared. The busiest […]
Investor optimism continued into Friday which saw markets rise yet again to end a positive week. The TSX rose 0.73% for the session, up 2.35% for the week as all sectors rallied except health care. Major movers were Shopify which […]
Thursday’s American consumer inflation data was eagerly awaited and did not disappoint, coming in line with expectations and signalling a weaker inflation. Though markets reacted tentatively at first, stocks on both sides of the border climbed throughout the day. The […]
Markets on both sides of the border Tuesday rallied on hopes that the American consumer inflation data on Thursday will come in lower than expected and ease the Fed’s interest rate hikes. The S&P added 1.28% to nearly 4,000, the […]
Tuesday saw investors sentiment rise slightly as the street felt optimistic about American consumer inflation numbers that will be released later this week. The S&P finished 0.7%, the Nasdaq 1%, and the Dow 0.56% to top 3,900. Key move4rs were […]
For much of Monday, markets extended Friday’s rally as China reopened its borders after ceasing its strict Covid policy. Wall and Bay streets were hopeful that a rebound in China’s economy would lift North American stocks. There was green across […]
Friday saw American wages grow slightly slower than expected which unleashed a strong rally. That move ushered in a positive start to 2023. The Nasdaq jumped 2.56% during the session and 1.94% for the week, the S&P up 2.28% and […]
Thursday saw markets backtrack after the U.S. job numbers were stronger than expected, with many still employed. This made the street fear that the U.S. Fed will be hawkish when it next raises interest rates. The S&P finished -1.25%, the […]
On Wednesday, Salesforce announced it was cutting 10% of its workforce which propelled market sentiment and stocks upwards. Not only that, but the U.S. Fed released its December minutes expressing reticence of taking their foot off the interest rate pedal, […]
The first trading of 2023 began with a short-lived rally on Wall Street, but quickly sank. Meanwhile, the TSX managed to maintain its gains and closed up 0.32%. By far, energy was the only lagging sector, while Consumer staples, materials […]
Markets ended 2022 in the red on a shortened session. The S&P finished -1.19% or -0.23% for the week, the Nasdaq -1.27% and -0.7% respectively, and the Dow -1.01% and -0.95%. The Dow was -9% for the year and the […]
Markets on both sides of the border Thursday strongly rebounded in one of the strongest sessions of the month, recovering some losses of previous days. Tech led the rally with the Nasdaq jumping 2.79%, followed by the S&P up 1.85% […]
The TSX reopened for trading after Christmas, but the Grinch robbed Santa Claus of his rally. This is a rare year when stocks are not rising during the holiday reason. The many reasons include fears of a recession in 2023, […]
With the TSX closed in lieu of Christmas and Boxing Day, Wall Street reopened to typically light trading. Movement in either direction was muted, but the huge exception by far was Tesla, which plunged 11.41% as the heaviest-traded stock. Tesla […]
Friday saw a modest Santa Claus rally as all the major indices closed positive and gently rose during a low-volume session. Friday halted a losing streak this week. The S&P finished 0.57% on Friday and -0.23% for the week, the […]
On Thursday, U.S. jobless numbers remained at historic lows, triggering a sharp market sell-off across all sectors of the S&P as well as the TSX. American markets surrendered the gains of the session of the day before: the S&P -1.45%, […]
Wednesday saw American markets rally 1.5% across the board with all sectors positive after Nike and FedEx posting surprisingly good earnings and the latest U.S. consumer sentiment data impressed. Also, home sales and prices continued to fall, which will please […]
