After the close with Allan
On Thursday, stocks rebounded from recent sharp selling triggered by fears of the Omicron variant. The Dow rose 1.82%, the S&P 1.42% and the Nasdaq 0.83%. The ongoing see-saw action saw travel names like American Airlines recover 6.73%, Booking Holdings […]
On Wednesday morning, stocks bounced 1.5% off Tuesday’s sharp sell-off, then sank in the afternoon upon news of the first Omicron case reaching the U.S. The Dow swung 1,000 points for the session before losing 1.34%. Similarly, the S&P closed […]
A day after rebounding, markets sold off again, driven by fears over the latest Covid variant, Omicron, and fresh comments made the U.S. Fed’s Jerome Powell who said he may accelerate tapering. All sectors on the S&P slid as the […]
After Black Friday’s 2.25-2.5% sell-off triggered by news of the Omicron variant, Monday markets recovered part of those losses, led by tech. The Nasdaq rallied 1.88%, the S&P 1.32% and the Dow 0.68%. Even as the U.S. 10-year yield climbed […]
Despite a shortened trading session on Wall Street and historic low volatility on the day after American Thanksgiving, markets were roiled this Black Friday by a new Covid variant announced by South Africa. Futures and European markets immediately plunged on […]
With American markets closed for Thanksgiving, Canadian stocks inched up after a sluggish Thursday morning. All the TSX components gained except materials, and the index closed up a respectable 0.35%. There were few dramatic moves during the session, though notable […]
Supply chain woes continued to bedevil the market, particularly consumer names. on the last full trading day this week in America before Thanksgiving, Wall Street was decidedly mixed: the Dow shed 12 points to close essentially flat as the S&P […]
Stocks on both sides of the border were under water for most of Tuesday, but rallied at the end. The TSX added 0.13%, the Dow 0.5% and the S&P 0.17% but many tech names lost ground as the Nasdaq gave […]
Stocks faded into the close on Bay and Wall streets Monday as the Nasdaq tumbled 1.62%, the S&P (which had looked poised to reach a new high) shed 0.32%, the Dow was essentially flat, while the TSX lost 0.62%. This […]
Tech stocks continued to make new highs as a new lockdown in Austria to fight Covid spooked North American markets Friday. Once more, tech rallied as the Nasdaq made a new high of 16,057 after adding 0.4% for the day […]
Markets see-sawed Thursday that saw the TSX shed 15 points, the Dow close -0.17%, the S&P rise 0.34% and the Nasdaq gain 0.45% just below 16,000. Financials and energy were mixed as many other components were mixed. On Wall Street, […]
Wednesday saw markets slump amid ongoing inflation and suply chain fears and a dip in crude oil prices. and lower than usual volumes. The TSX lost 0.58% as materials was the only sector to trade in the green. T he […]
After a sleepy Monday, stocks rose Tuesday, especially tech, but so did the U.S. 10-year yield. As the S&P added 0.39% and the DOw 0.15%, the Nasdaq rallied 0.76% even as the 10-year yield climbed to 1.639%. Tech and consumer […]
Monday saw a muted start to the trading week as ongoing inflation worries weighed on some investors and volumes suggest that others were taking a breather. The TSX closed modestly down by 0.39%, dragged down by technology stocks and financials. […]
It was a week of hot inflation numbers and it ended with more troubling American economic data. U.S. consumer confidence declined as a record number of Americans quit their jobs. Despite that, Wall Street closed higher on Friday: the Dow […]
On Remembrance/Veterans Day Thursday, markets were mixed and muted on both sides of the border. The TSX narrowly missed making a new close on thin volumes, but still finished up 0.56%. Materials and tech stocks did the heavy lifting as […]
For the second day, inflation data pressured markets. On Wednesday, the U.S. released CPI numbers that were much higher than expected at levels last seen in 1990. On Wall Street, the Dow closed -0.66%, the S&P -0.82% and the Nasdaq […]
On Tuesday, wholesale inflation data pressured markets as the Dow closed -0.31%, the S&P -0.35% and the Nasdaq -0.6%. Wholesale prices jumped 8.6% year-over-year in October, tied for the highest ever, which prompted fears of the U.S. Fed hiking interest […]
Markets in New York and Toronto hit another grand slam on Monday as President Biden’s long-awaited $1-trillion infrastructure bill was finally signed over the weekend and propelled American stocks to yet another record close. Meanwhile, pot stocks surged on the […]
It was a record-breaking Friday to end a record-breaking week. As positive earnings continued to flow through American and Canadian markets, Pfizer announced that it had produced a pill that effective treats Covid patients, following Merck’s footsteps earlier this fall […]
Thursday saw big moves in markets after the U.S. Fed announced its dovish plans the previous day, and the Bank of England announced it would essentially do nothing, which shocked the street which expected the BoE to hike interest rates. […]
U.S. Fed Chief, Jerome Powell, delivered dovish comments on Wednesday afternoon, announcing to no one’s surprise that the Fed will start tapering this month, but offered no signal about raising interest rates. American stocks had been treading water until the […]
The Dow 0.39%, the S&P 0.37% and the Nasdaq 0.34%. Notable gainers included Pfizer which jumped 4.15%, Cisco up 2.71%, chipmakers like Nvidia adding 1.92% and Under Armour soaring 16.47%. In contrast, Tesla slipped over 3%, Citigroup slid 1.45%, Visa […]
Markets laid down a royal flush Monday as the major indices in New York and Toronto all made record closes, driven by continued optimism, upbeat earnings and climbing oil prices. The TSX rose 0.91% to 21,228 as WTI crude climbed […]
October ended with record closes from the S&P, Down and Nasdaq which climbed 0.19%, 0.25% and 0.33% respectively. The S&P and Nasdaq enjoyed their best month since November 2020, while the S&P rallied 7% for October. Actually, the markets see-sawed […]
