After the close with Allan
Though crude oil rebounded Tuesday, stocks sold off across the board ahead of earnings reports by heavyweights Microsoft and Alphabet which were released after the bell. Inflation, interest rates and Russia continue to weigh on investor sentiment. It was an […]
On Monday, stocks looked like they would extend last week’s deep losses as the Toronto and New York indices tanked. However, late in the session, American stocks underwent a surprise rally to close in the positive. While the TSX shed […]
Hawkish sentiments from the U.S. Fed continued to push stocks down. Stocks tanked on Friday across the board as some members of the Fed openly consider a 75-basis point hike in interest rates. The S&P closed -2.86% to 4,268 or […]
On Thursday, good earnings overcame rising yields to reverse early gains and push stocks down sharply. The Nasdaq closed -2.07%, S&P -1.47% and the Dow -1.05%. The U.S. 10-year yield inched up to 2.89%. Again tech names were the biggest […]
Netflix reported late Tuesday, but its subscriber miss and dire subs forecast crushed shares by over 35% on Wednesday. Netflix dragged down other streamers, including Disney, which slid 5.57%. Also sliding was Meta/Facebook, down 7.77% and Tesla losing 4.96%. Naturally, […]
On Tuesday, American stocks strongly bounced back, even as the U.S. 10-year advanced to 2.94%. The S&P rallied 1.61%, the Nasdaq 2.15% and the Dow 1.45%. The most influential names were Apple, up 1.41%, Bank of America at 1.85%, Ford […]
Stocks see-sawed on Wall Street, the TSX inched higher and natural gas soared to 13-year-highs to start the trading week. Energy and materials helped lift the TSX by 10 points, though it stayed below 21,900 as the S&P, Nasdaq and […]
The street was all a-twitter Thursday about Elon Musk offering to buy Twitter outright. Musk just bought a 9% stake in the struggling tech company, but surprised many by announcing his offer. Unfortunately, the street rejected the offer as reflected […]
The start of U.S. earnings season sparked a strong rally Wednesday with shares rising into the close. The S&P climbed 1.12%, the Nasdaq jumped over 2% and the Dow added 1%. Delta Airlines reported a positive earnings surprise, highlighted by […]
Tuesday morning’s rally faded into the close, though crude oil sharply rebounded. The U.S. released its latest inflation numbers which showed a 8.5% increase year-over-year, the highest since 1981, which is reinforcing pressure on the Fed to raise interest rates […]
On Monday, the U.S. 10-year-yield climbed to 2.778%, which slammed tech and other stocks on Wall Street, though falling oil prices pressured Bay Street. The S&P closed -1.69%, the Nasdaq 2.18% and the Dow 1.19%. Big movers were AT&T jumping […]
Markets were choppy Friday, no surprise this week, and ended on a mixed note with the TSX up 0.18% after flirting with new highs, the S&P -0.26% (down 1.2% for the week), the Nasdaq -1.34% (-5.2% for the week) and […]
North American stocks were extending losses from previous sessions until they modestly rallied late in the day. The TSX closed 0.24% on the strength of all sectors except tech. The most active names were Athabasca Oil up 2.51%, Denison Mines […]
Wednesday extended Tuesday’s session as American tech stocks led a broad sell-off, triggered by a member of the U.S. Fed issuing hawkish views the day before. All signs point to the Fed selling off the bonds it accumulated during Covid […]
On Tuesday, Hawkish comments by a member of the U.S. Fed triggered a sell-off in U.S. stocks, particularly tech. As the U.S. 10-year yield climbed to 2.558%, American stocks sold into the close: the S&P -1.25%, the Nasdaq -2.26% and […]
The week began with stocks moving higher, despite ongoing inflation and Russia worries. Tech led gains as the S&P rose 0.81%, the Nasdaq 1.9% and the Dow 0.3%. Major gainers were Salesforce by 3%, Intuit 4.72%, Netflix 4.98%, Penn National […]
After losing 4.5% in the first quarter, the S&P began Q2 on Friday up 0.34%. The Nasdaq rose 0.29% and the Dow 0.4%. It was a choppy session on Wall Street, but stocks closed on session highs. Credit cards rallied […]
On Thursday, U.S. President Biden announced that America would release an unprecedented amount of oil from its reserves to alleviate the current shortage. Meanwhile, OPEC+ said it would release more oil too, albeit at a more modest rate. The double-whammy […]
Profit-taking and/or facing optimism over the Russia-Ukraine peace talks pushed stocks down on Wednesday and oil up. Wall Street reversed recent gains as the S&P closed -0.63%, the Nasdaq -1.21% and the Dow -0.19%, though they closed off the session […]
As the TSX inched up 0.5% to return above 22,000 Tuesday, Wall Street rallied into the close to extend Monday’s gains. The S&P closed 1.23%, the Nasdaq 1.84% and the Dow 0.97%. Tech led gains yet again: Adobe 3.63%, Airbnb […]
The trading week began with oil sliding 9%, triggered by a lockdown in Shanghai to contain increasing Covid cases that will lead to lower oil demand. WTI and WCS shed $10 a barrel to $103 and $92 respectively. Oil’s weakness […]
Stocks edged up Friday to close a positive week, despite ongoing geopolitical turmoil. The S&P advanced 0.51% for the session, the Nasdaq -0.16% and the Dow 0.44%. However, the S&P and Dow have now climbed within 6% of their all-time […]
A 3% decline in crude oil prices kept the TSX flat on Thursday, but Wall Street indices rallied into the close. The S&P finished 1.44%, the Nasdaq 1.93% and the Dow 1.01%, led by tech. Despite that, the U.S. 10-year […]
Stocks on Wednesday gave back recent gains. The S&P closed -1.23%, the Nasdaq -1.32% and the Dow -1.29%. On Wall Street, energy and utilities thrived while financials and industrials lagged. Losing ground were Adobe, down 9.14%, after issuing disappointing guidance […]
Investors on both sides of the border saw an ocean of green on their trading screens Tuesday as the TSX made yet another record close, but also American stocks rallied. The TSX advanced 0.3% to 22,074, led by tech and […]
