Stocks recovered some of Thursday’s losses after Amazon reported a robust quarter and forecast. The tech giant rallied 6.1% and helped lift the Nasdaq by 0.69%, though the index shed 1.5% for the week. Meanwhile, the S&P advanced 0.35% on […]
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Markets in Toronto and New York ended their losing streaks, but also failed to rebound. The S&P was flat, gaining six points, the Dow advanced 0.52%, the Nasdaq -0.23% and the TSX 0.14% in mixed trading. On Bay Street, materials […]
Hot U.S. hot employment numbers from last Friday continued to fuel investor fears on Wall Street of the U.S. Fed slowing or even reversing interest rate cuts this year. The U.S. 10-year yield touched 4.8%, its highest in 52 weeks. […]
The week ended on a sharp sell-off after the latest U.S. jobs report came in hotter than expected. The December unemployment rate unexpectedly fell from 4.1% from 4.2% to reflect a robust economy. However, this news stirred fears of rising […]
Per tradition, the NYSE was closed Thursday in honour of Jimmy Carter, who served as U.S. President from 1977 to 1981. As Mr. Carter was laid to rest, the TSX resumed business as usual by climbing 0.16% or 40 points. […]
The TSX climbed 0.46% Wednesday to return above 25,000, mainly on strength from tech and materials. Tech led seven sectors down. As gold advanced US$14 to US$2,663 an ounce, Equinox Gold popped 10.01% and Calibre Mining jumped 9.5%. Meanwhile, Celestica […]
Stocks recovered some of Thursday’s losses after Amazon reported a robust quarter and forecast. The tech giant rallied 6.1% and helped lift the Nasdaq by 0.69%, though the index shed 1.5% for the week. Meanwhile, the S&P advanced 0.35% on […]
On Hallowe’en Wednesday, markets sank on earnings from two of the biggest stocks in the world, Microsoft and Meta, which reported the day before. Though the companies reported strong top and bottom lines, both announced higher spending in AI, which […]
The major indices lost ground Wednesday as the biggest tech stocks continued reporting. Alphabet reported a beat and rallied 2.82%. However, Super Micro Computer‘s accounting firm quit and shares tanked nearly 33%. Elsewhere Garmin soared 23.25% and AMD closed -10.62% […]
On Tuesday, gold made a new high after adding US$31 to US$2,773 while Bitcoin popped 4% to US$72,370. Stocks, however, were mixed, with the TSX flat. Materials outperformed all other sectors on Bay Street, but most areas lagged, led by […]
Stocks in Toronto and New York inched higher, even as yields rose. The TSX added 0.35% as most sectors rallied, particularly staples and financials. Major movers included Algoma Steel jumping 7.48%, Energy Fuels 5.14%, Telus 1.91% on an upgrade, while […]
Friday’s rally in semis helped lift the Nasdaq to an intraday high before the index peeled back to close 0.56% higher. For the week, the Nasdaq barely finished positive, up only 0.16%. Meanwhile, the S&P was flat on Friday and […]
Markets were mixed Thursday as earnings beats and misses dominated trading. In Canada, Celestica beat and shares jumped 18.27% while Mullen Group also beat and shares rallied 9.3%. Meanwhile, Royal Bank ended the session -1.21%, Teck Resources -5.44% after cutting […]
To no one’s surprise, the Bank of Canada cut the key lending rate by 50 basis points on Wednesday. The BoC’s Tiff Macklem declared the war on inflation over and that the bank’s main job now was keeping inflation at […]
On Tuesday, the U.S. 10-year climbed to 4.2% while markets in New York and Toronto were flat in the middle of earnings season. The S&P shed two points, the Dow lost six while the Nasdaq crept up by 0.18%. Major […]
The Nasdaq gained only 51 points to start the week as the overall market showed some weakness, perhaps from profit-taking. Regardless, the S&P closed on Monday at -0.33% and the Dow -0.86%. Nvidia traded the most hands as it rallied […]
A choppy, but record-breaking weak ended with a rally after strong U.S. earnings raised sentiment on both Wall and Bay streets. The S&P set a new record on Friday, closing up 0.36% to 5,826 while the Nasdaq climbed 0.61% and […]
On the heels of Super Micro Computer reporting a disappointing quarter and outlook, Taiwan Semiconductor delivered a beat and raised guidance to spur markets higher Thursday. The chipmaker finished 9.79% higher, but the Nasdaq ended up only a handful of […]
Recent deals by megatech companies to secure nuclear energy propelled the TSX on Wednesday to new highs. The Canadian index climbed 0.5% to 24,561 as uranium names soared: Cameco by 7.55%, Energy Fuels 14.87% and Denison Mines 11.57%. Meanwhile, Air […]
Bay and Wall streets backed away from recent record highs on Tuesday, finishing mildly in the red. However, annual inflation in Canada for September came in at 1.6%, which was below expectations and returned to its lowest level since February […]
As the TSX closed for Canadian Thanksgiving, Wall Street roared to new highs Monday. The S&P rallied 0.83% to a new record close of 5,863 and the Dow advanced 0.54% to a high of 43,093. Meanwhile, the Nasdaq jumped nearly […]
In the U.S. Friday, bank earnings began and the positive surprises helped lift markets on Wall and Bay streets to new highs. For instance, Wells Fargo jumped 5.96%, pushing the S&P 0.68% higher as the Nasdaq climbed 0.44% and the […]
An Iranian missile attack on Israel prompted a sharp rally in crude oil, which lifted the TSX by 45 points to a record close of 24,270. WTI itself jumped 3.75% to US$76 a barrel. TSX sectors were actually mixed, but […]
On Wednesday, the TSX rose 0.6% to reach a new close of 24,224. Apart from mild weakness in telcos, every sector rally, most pronounced in tech and consumer discretionary. Major movers on Bay Street included CNQ up 1.01% as the […]
On Tuesday, Beijing revealed details of its economic stimulus plan to revive the flagging Chinese economy, but it disappointed stock markets in North America initially. By the close, though, markets saw some gains: the S&P was up 0.7%, the Nasdaq […]
Volatility returned to markets to start the week. The S&P and Dow sank nearly 1% as the Nasdaq fell 1.25% to close below 18,000. Utilities and communication services were particularly weak. Major movers: Super Micro Computer soared 16.98%, Nvidia 2.43%, […]
The trading week ended with a rally, sparked by a U.S. jobs report that saw large, unexpected gains in September. The news propelled stocks on both sides of the border higher and recovered the losses from days of worry from […]
As Washington threatens to enter the conflict between Israel and Iran, oil prices spiked Thursday. WTI jumped 5.25% to US$73.75. By far, energy was the strongest sector on the TSX as most others fell, led by real estate and materials. […]
Bay and Wall streets were calmer Wednesday, a day after new Mideast tensions and a U.S. dock strike rattled investors. The S&P was flat, adding only two points, while the Nasdaq rose 0.24% and the Dow 0.12%. Key names included […]
Q4 began with a spike in Mideast tensions as Iran now entered the fray against Israel. Oil prices spiked with WTI jumping 3.7% to US $70.70 a barrel, and gold rising US$27 to US$2,661 an ounce. If not for oil, […]
The U.S. Fed chief, Jay Powell, today signaled more–but gradual–interest rate cuts ahead, based on economic data, adding that the American economy is in “solid shape”. His sentiments helped lift the S&P by 0.42% and the Dow by 17 points […]