After the close with Allan
Wednesday’s pessimism extended into Thursday as oil and stocks both sank, though oil regained some ground. Otherwise, investors are waiting for Friday morning’s key American CPI data. On Wall Street, the S&P closed -2.38%, the Nasdaq -2.75% and the Dow […]
As markets await Friday’s U.S. inflation numbers for may, investors largely took back Tuesday’s gains on Wednesday. The S&P shed over 1%, the Dow closed -0.81% and the Nasdaq -0.73%. The U.S. 10-year yield returned above 3% while Bitcoin slipped […]
China continues to ease its lockdown restrictions, which helped lift markets on Tuesday. Unlike Monday’s session, Tuesday saw stocks close on strength. The Nasdaq and S&P gained nearly 1%, the Dow 0.8% and the TSX up 0.52% driven by higher […]
Following Friday’s sell-off, Monday markets rebounded on news that China was easing its strick Covid lockdowns. Though stocks were higher intraday, they closed positive: the S&P 0.31%, the Nasdaq 0.4% and the Dow flat by climbing 14.5 points. The U.S. […]
North American markets ended the day on a low note this Friday. The TSX closed -1.15% to 20,791, the S&P 500 -1.64% to 4,108, and the Nasdaq -2.47% to 12,013. This doesn’t quite wipe out the gains of yesterday for […]
Markets got a bit of a lift this Thursday in both Canada and the US. It follows comments from the Federal Reserve Vice Chair Lael Brainard suggesting the Central Bank may not pause in September. The next test for the […]
North American markets finished trading in negative territory this Wednesday. The TSX was a bit undecided today and closed just slightly down at -0.08% to 20,714. The S&P closed -0.75% to 4,101, and the Nasdaq -0.72% to 11,994. They are […]
American markets were closed yesterday for Memorial Day and were close to making back their 8 weeks losses, but Tuesday marked the comeback of a down day for North American markets. The TSX closed -0.91% to 20,729, the S&P -0.62% […]
Thursday was the fifth day of gains in a row in Toronto. The TSX went up 0.73% to 20,532. It is now getting closer to making back its losses for the year. US markets continued their rise as well. The […]
Minutes from the fed’s meeting earlier this month show most of its officials anticipate half-point hikes at the next couple of meetings. They agreed that the economic outlook is highly uncertain. North American markets had a positive Wednesday. The S&P […]
American markets fell further on Tuesday as the selling continued to impact technology stocks. The S&P closed -0.79% to 3,942 the Nasdaq -2,35% to 11,264. The TSX rose 0.44% to 20,286 as financial and energy stocks rallied. Triggering the avalanche […]
China cut a key lending rate to revive its economy, sluggish due to strict lockdowns. This news kicked off a rally in Europe, Asia and North America, but stocks then plunged in New York and Toronto before rallying hard in […]
Thursday saw another choppy session with stocks swinging between negative and positive, though Canadian markets ended higher. The TSX rose 0.47% as materials and tech rallied even further than energy. Major movers were ATS Automation jumping nearly 12%, Lightspeed soaring […]
North American markets slid sharply Wednesday after The selling touched all sectors and literally almost every stock on Wall Street and most on Bay Street. The S&P closed -4.03% to 3,924 to a new 52-week low, the Nasdaq -4.73% to […]
Tuesday saw a convincing rally that ended on session highs. The S&P ended up 2.02%, the Nasdaq 2.76% and the Dow 1.34%. Nearly all of the sectors rallied. Major gainers included Boeing up 6.45%, Disney and JPMorgan both adding 3.31%, […]
Markets began yet another week of volatility as stocks, especially in America, bounced between positive and negative Monday. The S&P closed -0.39%, the Nasdaq -1.2% and the Dow finished even at 0.08%. WTI and WCS crude jumped over $3 a […]
Hot inflation fed volatilty this week, pressuring the American and Canadian indices down between 2.2-2.5% and even pushing Bitcoin to lows below $30,000, but Friday saw a strong bounce. On Friday, the S&P closed 2.39%, the Nasdaq 3.82%, the Dow […]
Markets saw another volatile session Thursday as another set of American inflation numbers confirmed that inflation is at 40-year highs. Markets fell in the morning, then flirted with positivity, tumbled and rallied in the final hour. On Wall Street, the […]
Wednesday saw another wild session as markets initially rallied on new U.S. inflation data which was slightly worse than expected, but signalled some easing. However, the sentiment turned bearish and stocks sold off. The S&P closed -1.65%, the Nasdaq -3.18% […]
Tuesday saw North American markets attempt to bounce back, but finished with mixed results. Stocks rallied at the open, but dipped into the negative midday, and finished both positive and negative. The S&P rose 0.24% and the Nasdaq 1%, but […]
Markets on both sides of the border extended last week’s sell-off, triggered by fears of an economic slowdown, hot inflation and a sharp rise in interest rates. On Monday, the the S&P closed -3.2% to fall below 4,000, the Nasdaq […]
Markets extended Thursday strong selling to cap a week of declines. Friday saw a volatile session with American indices briefly seeing green over lunch hour before resume its sell-off. However, Wall Street closed well off session lows at the S&P […]
A mere day after stocks rallied after the U.S. Fed announced an expected 50-basis point hike in interest rates, but squashed any idea for 75, American stocks tanked while Canadian tanks fell, too. On Thursday, the S&P closed -3.63%, the […]
Stocks on Wednesday were in a holding pattern until 2:00 pm EST when the U.S. Fed Jerome Powell announced a 0.50% interest hike, which Wall Street had been expecting. However, markets on both side of the border soared when Powell […]
The TSX enjoyed a 1.09% rise on Tuesday led by a surge in energy and materials. Influential movers were Suncor, up 2.39%, Athabasca Oil jumping 11.29%, Baytex rising 5.91% and Cenovus advancing 4.68%. In addition, Air Canada climbed 3.67% and […]
