After the close with Allan
Echoing last week, Monday morning saw rising rates pressure markets, particularly in the U.S., but buyers eventually softened losses by the close. The Dow finished -0.45%, the S&P -0.14% and the Nasdaq actually crept into the positive up 0.05%. Healthcare […]
Though the TSX edged up 12 points on Friday, American markets sank as yields continued to climb. The U.S. 10-year touched 1.77% by the close, up 2.7% for the day, which drove the Nasdaq down nearly 1% (and 4.5% for […]
A day after the U.S. Fed’s minutes triggered a sharp sell-off, markets on both sides of the border stabilized Thursday. The S&P and Nasdaq were positive for most of the day but finished down four and 19 points, respectively. The […]
Wednesday trading was mixed until the U.S. Fed released its latest minutes at 2:00 pm, announcing it may taper and raise interest rates sooner than expected in order to combat persistent inflation. Markets in New York and Toronto immediately sold […]
After scoring strong gains to begin the year, tech stocks gave them back on Tuesday as the Nasdaq retreated 1.33%. However, the Dow rose 0.59% to a new record close of 36,799 while the S&P shed three points to finish […]
With the TSX closed in lieu of New Year’s Day, Wall Street reopened and rallied to kick off 2022. The Monday session began tepidly as the latest U.S. manufacturing numbers slightly disappointed, but share-buying picked up steam and the session […]
Markets closed mixed on the final day of 2021, but soared for the year. On Friday, the Nasdaq slipped 0.61%, the Dow 0.16%, the S&P 0.26% and the TSX shed 0.34 as stocks faded into the close amid light holiday […]
The TSX returned from the holidays on Wednesday to play catch up, advancing 0.52% on the strength of energy and financials. Baytex and Crescent Point jumped well over 7% while the Bank of Nova Scotia added 1.63% in high volumes, […]
With the TSX closed for the holidays, Wall Street was in business Tuesday, opening positive but fading into the close with mixed results. All the major indices closed near record highs, but the Nasdaq shed half a percent and the […]
With the TSX closed Monday, Wall Street picked up the slack by extending its pre-Christmas gains to record heights. While the Dow advanced nearly 1%, both the Nasdaq and S&P rallied 1.39%. For the S&P, it set its 69th record […]
On a predictably sleepy Christmas Eve Friday on the TSX (Wall Street was already closed for the Christmas break), the Toronto market added 10 points during its half session. Energy, industrials and materials were up while tech and real estate […]
For the third straight day, stocks rallied, with the S&P rising 0.62% to make a record close of 4,725. All 11 sectors finished the shortened American trading week in the green. The Dow added 0.55% to approach its own record, […]
After a cautious start, markets on Wednesday turned positive and closed on session highs. A confluence of positive economic data and various reports offering hope about the Omicron variant encouraged buyers on Wall and Bay streets. U.S. Q3 GDP beat […]
New York and Toronto indices roared back on Tuesday following sharp selling on Monday, which were driven by fears over Omicron and inflation. The TSX leapt 1.9% after losing 1% the day before as the Dow recovered 1.61%, the S&P […]
News of European lockdowns and spikes in Covid cases around the world over the weekend presaged a strong sell-off Monday to begin the shortened trading week. The American indices closed down around 1.2%, though climbed from session lows as deep […]
Investors south of the border strapped on their seat belts Friday as stocks went on a volatile ride. The Nasdaq plunged below 15,000 in early trading as tech continued to get beaten, but then see-sawed between positive and negative before […]
A day after the U.S. Fed announced it was accelerating tapering and raising rates three times in 2022, tech stocks reversed gains made late Wednesday and instead slid Thursday. The Nasdaq tanked 2.47% as the S&P slipped 0.87% and the […]
Markets on both sides of the border were modestly down before the U.S. Fed’s Jay Powell delivered his last statements of the year at 2:00 pm EST. There were no great surprises, rather confirmation that Powell will accelerate tapering and […]
On Tuesday, Wall Street continued to worry over the U.S. Fed’s decision on Wednesday about tapering and raising interest rates in 2022. While the TSX shed 0.53%, the Dow closed -0.3%, the S&P -0.75% and the Nasdaq -1.2% though it […]
Markets began the week on a negative note as cautious investors sold growth stocks and other classes ahead of the U.S. Fed’s comments on Wednesday. The Fed’s Jerome Powell is expected to accelerate tapering and re-address the timeline to hike […]
Markets ended another volatile week mostly positive, led by the S&P which rose nearly 1% Friday to a new closing high of 4,712. The S&P led the major indices by gaining 3.8% for the week. On Friday, the Dow gained […]
On Thursday, investors banked gains from this week’s rally as the indices closed moderately lower: the TSX -0.72%, the Dow flat, the S&P -0.72% and the Nasdaq -1.71%. On Bay Street, consumer staples was the only major component to advance […]
There was less drama in North American markets Wednesday when American stocks advanced modestly, while the TSX retreated by 0.37%. The Dow added only 0.15%, the S&P 0.31% and the Nasdaq 0.64%. This follows two days of strong gains which […]
On Tuesday, stocks and crude oil continued to bounce from last week’s steep sell-off. Tech led the way as the Nasdaq jumped 3% in a consistently strong session while the S&P gained 2%, the Dow 1.4% and the TSX 1.45%. […]
Volatility took a backseat to begin the trading week as markets and oil enjoyed solid gains after recent selling. Though the spectre of Fed tapering, inflation and the Omicron variant remain, the Dow rallied 1.87%, the S&P 1.17% and the […]
