After the close with Allan
The TSX made another record high on Monday, closing up 0.87% to 22,009. Natural resources continued to surge, including uranium which helped propel Cameco by 6.75%. Other big movers were Lithium Americas up 8.12%, Vermilion Energy at 7.46%, Meg Energy […]
Stocks extended recent gains on Friday to finish the week on a high note. Fueled by the ongoing commodities rally, the TSX added 0.33% to make a new high of 21,842. The Toronto index is up 1.8% for the week […]
On Thursday, stocks extended strong gains of the previous two days, but crude oil also rallied. The S&P and Dow both added 1.23%, the Nasdaq 1.33% and the TSX 1.41%. The VIX hit its lowest level since February 17, at […]
North American stocks surged for the second straight day as U.S. Fed Chair Jay Powell announced Wednesday a long-expected interest rate hike of 0.25%. Powell also signaled six more increases for 2022. Markets expected both announcements for quite some time. […]
Call it a relief rally, but Tuesday saw markets surge as crude oil dropped. The S&P rose 2.14%, the Dow 1.82% and the Nasdaq 2.92%, with all indices closing on strength. The street is pricing in a 0.25% interest rate […]
Ongoing escalation in Russia’s invasion of Ukraine and the backdrop of hot inflation continued to weigh on markets Monday as both tech stocks and oil sold off. WTI sank 7% to below $102 and WCS sank over 8.5% to $88. […]
Markets finished another negative week on the downside Friday. The prospect of the Russian invasion of Ukraine dragging on weighed on investor sentiment against a backdrop of hot inflation. The U.S. will likely raise interest rates on Monday. The S&P […]
Following a sharp rebound, stocks on Thursday drifted down, but do did oil. Markets seems to be grasping for a direction as Russian continues to attack Ukraine and the latest U.S. inflation numbers came in hot, though surprised few. The […]
Markets convincingly rebounded Wednesday, a day after U.S. President Joe Biden announced gas and oil sanctions against Russia for invading Ukraine. The S&P closed up 2.57%, the Nasdaq 3.6% and the Dow 2%. After an incredible surge since Russian aggression […]
On Tuesday morning, U.S. President Biden announced long-awaited oil sanctions against Russian oil. Wall Street markets were tanking until that announcement, then see-sawed between red and green for the rest of the session though closed off the day’s lows. The […]
Western countries are considering sanctioning Russian oil to punish Russia for illegally invading Ukraine. The news triggered a sharp sell-off in world equities Monday. The S&P closed -2.95%, the Dow -2.37% and the Nasdaq -3.62%. As in recent sessions, surging […]
Overnight news of Russia attacking Ukraine’s largest nuclear power plant triggered global fears of a catastrophe and plunged markets at the Friday open. Though the Russian army reportedly captured the plan and did not unleash radiation, the selling continued through […]
A choppy Thursday ended with the TSX slipping by only five points, but seeing the American indices decline. Wall Street continued to digest the U.S. Fed’s announcement of hiking interest rates by 0.25% later this month while most of the […]
To no one’s surprise on Wednesday, the Bank of Canada raised the key interest rate from 0.25% to 0.5%. However, markets surged after the U.S. Fed’s Jay Powell told Congress that he will raise rates by that same measure in […]
Tuesday extended Monday’s losses as Russia’s barbaric invasion of Ukraine raged on. The price of WTI crude oil soared over 10% to shatter $100 a barrel for the first time since 2014. Meanwhile, other asset classes sank. The S&P closed […]
As Russia was hammered by several new economic sanctions, stocks lacked direction and closed mixed on Monday, though off the session’s lows. The S&P finished -0.26%, the Nasdaq 0.41% after dipping in and out of the red, and the Dow […]
As Vladimir Putin’s Russian forces continued to attack Ukraine in an unjustified invasion, markets rallied for the second-straight day. On Friday, the S&P gained 2.24%, the Nasdaq 1.64% and the Dow 2.51% in its best day in 2022 as all […]
Markets plunged Thursday after Vladimir Putin deployed Russian forces to invade Ukraine. North American futures were deep in the red when they opened as many stocks plunged more than 3%. However, as the session wore on, traders rotated out of […]
Despite a promising rebound Wednesday morning, markets extended losses during the session as Russia’s invasion of Ukraine continued to weigh on investors’ minds. Add to this ongoing expectations of central banks imminently raising interest rates. The S&P closed -1.84%, the […]
Over the long weekend, Russia’s Vladimir Putin announced he would invade eastern Ukraine, which triggered a sell-off in world markets Tuesday. While North American futures were as down by as much as 3% overnight, Wall Street indices finished slightly better […]
Ongoing fears that Russia will invade Ukraine continued to drive markets lower on Friday. Add to this ongoing concerns that the U.S. Fed will soon hike interest rates. The S&P closed -0.72% (down 1.5% for the week), the Nasdaq -1.23% […]
Renewed fears of Russia invading Ukraine as well as ongoing concerns over rising interest rates triggered a steep sell-off Thursday. The S&P closed -2.12%, the Nasdaq -2.88% to below 13,800 and the Dow -1.78% in its worst day of 2022. […]
Wednesday markets were weak until the U.S. Fed released its latest minutes mid-afternoon. Markets didn’t bounce, but nearly climbed to break-even levels: the S&P 0.09%, the Nasdaq -0.11% and the Dow -0.15%. Staples, energy and travel names led the gainers, […]
Tuesday markets sharply rebounded on news that some Russian troops had retreated from the Ukrainian border as talks to avoid an invasion persist. Investors took the positive, though tentative news and shrugged off high producer prices in January to buy […]
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%, […]
