After the close with Allan
World markets were volatile Monday as Russia continues to threaten to invade Ukraine. Add to that ongoing concerns over high inflation and rising interest rates, and Monday’s markets were choppy though they closed beyond sessions lows. The S&P finished -0.39%, […]
Just as markets were digesting hawkish comments from the St. Louis Fed calling for sharp rate hikes, signals of Russia about to invade Ukraine weighed on market sentiment. The result on Friday was the S&P closing -1.9%, the Nasdaq -2.78% […]
Markets on Thursday slid on new inflation figures that were higher than expected and the highest in 40 years. This stoked fears of the U.S. raising interest rates higher and faster in coming months. The U.S. 10-year yield leapt 5% […]
Stocks extended gains Wednesday as the markets enjoyed a sustained rally, ending the session on strength. The TSX rose over 1% on the momentum of weed stocks such as Canopy, popping 14.87% after reporting a better-than-expected quarter, Tilray 10.21% and […]
Tuesday saw both equities and the U.S. 10-year yield climb. The S&P added 0.84%, the Nasdaq 1.28% and the Dow 1.06% as the yield inched up to 1.961%. It may be a sign that stock buyers are accepting higher yields. […]
Markets bounced between red and green and closed modestly down to start the week. On Wall Street, the S&P closed -0.37%, the Nasdaq -0.58% and the Dow was flat. Gainers included Lyft, up 3.77%, travel names such as Royal Caribbean […]
Futures were green Friday morning until U.S. employment numbers came in better than expected, which pressured markets. However, stocks rallied by the close. The S&P finished 0.52% or up 2% for the week or 7% below its peak, the Nasdaq […]
Thursday markets sold off sharply, triggered by a record-breaking slide in Meta shares, down 26.62% after releasing a disappointing quarter and forecast. The S&P closed -2.44%, the Nasdaq -3.74% to fall below 14,000 and the Dow -1.46%. Tech stocks were […]
A slam-dunk report from Alphabet helped extend markets into a fourth-straight day of gains Wednesday. The tech giant reported a solid beat and a surprising 20-to-1 stock split. Shares jumped 7.7%. Wall Street gains were more modest than in recent […]
Markets on both sides of the border extended the wide gains of the two previous sessions into Tuesday. The session was choppy but picked up steam towards the end. Moreover, volumes were robust while the VIX slid 11.5% to 22. […]
Encouraged by surprisingly strong U.S. manufacturing numbers, markets on Wall and Bay streets jumped higher Monday, led by tech, and closed on strength. The S&P rallied 1.89% during the session, but lost 5.5% for January, the Nasdaq soared 3.41% but […]
After a weak open Friday morning, stocks on both sides of the border rallied and closed on session highs to conclude a wild week. Again, tech stocks were the focus as the Nasdaq barely climbed into the positive for the […]
Following the same pattern of recent days, markets rallied in the morning only to fall in the afternoon. Though the Dow closed down a few points, essentially flat, the S&P finished -0.54%, the Nasdaq -1.4% as tech led losses again […]
The yo-yo markets continued Wednesday as markets rallied–driven by Microsoft’s latest quarterly beat–until 2:00 pm when the U.S. Fed’s Jay Powell made his latest announcements on the state of the economy and interest rates. Wall Street read his comments as […]
Like Monday, Tuesday markets fell for most of the day and climbed into the finish. However, this time the American indices failed to close in the green, though the TSX squeaked out a 0.14% gain. Investors remained in a selling […]
Despite positive futures Sunday evening, markets on Monday morning sold off hard on disappointing U.S. manufacturing data. The Nasdaq plunged nearly 5%, the Dow shed as much as 1,115 points while the TSX slid over 3%. However, after lunch, buyers […]
Ongoing fears of interest rate hikes triggered a market-wide sell-off Friday to cap a volatile week. The Dow closed -1.3%, the S&P -1.9% (to end its worst week since March 2020) and the Nasdaq -2.72% to tumble below 14,000. The […]
For most of Thursday, markets sharply rebounded as much as 1.8%, but sank into the red into the closing minutes. The Dow finished -1.02%, the S&P -1.11% and the Nasdaq 1.3%. The U.S. 10-year yield actually held around 1.822%. Consumer, […]
Ongoing fears of more interest rate hikes created a choppy trading session Wednesday, which saw stocks sell off into the close. The main American indices all declined nearly around 1% with the Nasdaq shedding 1.15%. On the Dow, industrials and […]
Wall Street returned to business Tuesday and slid after yields spiked. The Dow finished -1.51%, the S&P -1.83% and the Nasdaq -2.69%, nearly putting the tech-heavy index in 10% correction territory. Stocks plunged as the 10-year yield touched 1.877% for […]
Wall Street was closed Monday as the U.S. celebrated civil rights leader, Martin Luther King, Jr. In Canada, the TSX climbed a solid 0.81%, led by financials, energy and tech. In fact, all sectors were in the green. The banks […]
Markets closed at session highs to cap another choppy week of trading. The TSX closed 0.33% higher on Friday and 1.35% for the week. Energy and tech propelled the rise while staples and real estate sank. Given Russian-Ukrainian military tensions, […]
Recent days of gains may have triggered investors to take profits on Thursday as stocks, starting with tech, sold off. The session ended on weakness, leaving the Nasdaq at -2.57%, the Dow -0.49% and the S&P -1.42%. Notably, the U.S. […]
On Wednesday, markets on both sides of the border modestly extended gains as the U.S. 10-year yield held around 1.73%. The TSX climbed 0.54%, the Dow 0.11%, the S&P 0.28% and the Nasdaq 0.23%. American industrials were strong though financials […]
Markets rose Tuesday morning after the U.S. Fed’s Jerome Powell delivered comments in his confirmation hearing to ease the fears of investors. He pledged to ensure that inflation would not become “entrenched” and that policy tightening was necessary to deliver […]
