The post-US election rally continued into the new week, though only partially. The Dow rose another 0.68% or 300 points to a new high of almost 44,300 while the TSX advanced 0.12% nearly its own new high. TSX sectors were […]
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American and Canadian markets ended the week higher overall, with the Dow cracking 44,000 for the first time after gaining 0.63% on Friday. The index advanced 4.6% for the week, just like the S&P which climbed 0.4% for the session […]
Coming on the heels of the U.S. election, the Fed announced on Thursday a widely expected 25-basis cut to the key interest rate, in response to declining inflation. The announcement came as U.S. markets extended gains from the day before, […]
Following tradition, the U.S. stock market rallied after the Presidential election. The S&P jumped 2.53%, the Nasdaq 2.95% and the Dow 3.57% with many stocks enjoying pronounced gains, particularly in tech and financials. Major movers were Nvidia which popped 4.07% […]
As Americans voted for their next president, markets in New York as well as Toronto rallied. On Tuesday, the S&P rose 1.12%, the Nasdaq 1.32% and the Dow 0.89%. At the same time, earnings season continued. Palantir reported and shares […]
Bay Street began the week with news that BCE is expanding into the U.S. northwest with a US$3.6 billion acquisition, paid by divesting its stake in professional sports. However, Bell will pause its traditional dividend hikes. BCE shares tanked 9.69% […]
Stocks recovered some of Thursday’s losses after Amazon reported a robust quarter and forecast. The tech giant rallied 6.1% and helped lift the Nasdaq by 0.69%, though the index shed 1.5% for the week. Meanwhile, the S&P advanced 0.35% on […]
On Hallowe’en Wednesday, markets sank on earnings from two of the biggest stocks in the world, Microsoft and Meta, which reported the day before. Though the companies reported strong top and bottom lines, both announced higher spending in AI, which […]
The major indices lost ground Wednesday as the biggest tech stocks continued reporting. Alphabet reported a beat and rallied 2.82%. However, Super Micro Computer‘s accounting firm quit and shares tanked nearly 33%. Elsewhere Garmin soared 23.25% and AMD closed -10.62% […]
On Tuesday, gold made a new high after adding US$31 to US$2,773 while Bitcoin popped 4% to US$72,370. Stocks, however, were mixed, with the TSX flat. Materials outperformed all other sectors on Bay Street, but most areas lagged, led by […]
Stocks in Toronto and New York inched higher, even as yields rose. The TSX added 0.35% as most sectors rallied, particularly staples and financials. Major movers included Algoma Steel jumping 7.48%, Energy Fuels 5.14%, Telus 1.91% on an upgrade, while […]
Friday’s rally in semis helped lift the Nasdaq to an intraday high before the index peeled back to close 0.56% higher. For the week, the Nasdaq barely finished positive, up only 0.16%. Meanwhile, the S&P was flat on Friday and […]
Markets were mixed Thursday as earnings beats and misses dominated trading. In Canada, Celestica beat and shares jumped 18.27% while Mullen Group also beat and shares rallied 9.3%. Meanwhile, Royal Bank ended the session -1.21%, Teck Resources -5.44% after cutting […]
To no one’s surprise, the Bank of Canada cut the key lending rate by 50 basis points on Wednesday. The BoC’s Tiff Macklem declared the war on inflation over and that the bank’s main job now was keeping inflation at […]
On Tuesday, the U.S. 10-year climbed to 4.2% while markets in New York and Toronto were flat in the middle of earnings season. The S&P shed two points, the Dow lost six while the Nasdaq crept up by 0.18%. Major […]
The Nasdaq gained only 51 points to start the week as the overall market showed some weakness, perhaps from profit-taking. Regardless, the S&P closed on Monday at -0.33% and the Dow -0.86%. Nvidia traded the most hands as it rallied […]
A choppy, but record-breaking weak ended with a rally after strong U.S. earnings raised sentiment on both Wall and Bay streets. The S&P set a new record on Friday, closing up 0.36% to 5,826 while the Nasdaq climbed 0.61% and […]
On the heels of Super Micro Computer reporting a disappointing quarter and outlook, Taiwan Semiconductor delivered a beat and raised guidance to spur markets higher Thursday. The chipmaker finished 9.79% higher, but the Nasdaq ended up only a handful of […]
Recent deals by megatech companies to secure nuclear energy propelled the TSX on Wednesday to new highs. The Canadian index climbed 0.5% to 24,561 as uranium names soared: Cameco by 7.55%, Energy Fuels 14.87% and Denison Mines 11.57%. Meanwhile, Air […]
Bay and Wall streets backed away from recent record highs on Tuesday, finishing mildly in the red. However, annual inflation in Canada for September came in at 1.6%, which was below expectations and returned to its lowest level since February […]
As the TSX closed for Canadian Thanksgiving, Wall Street roared to new highs Monday. The S&P rallied 0.83% to a new record close of 5,863 and the Dow advanced 0.54% to a high of 43,093. Meanwhile, the Nasdaq jumped nearly […]
In the U.S. Friday, bank earnings began and the positive surprises helped lift markets on Wall and Bay streets to new highs. For instance, Wells Fargo jumped 5.96%, pushing the S&P 0.68% higher as the Nasdaq climbed 0.44% and the […]
An Iranian missile attack on Israel prompted a sharp rally in crude oil, which lifted the TSX by 45 points to a record close of 24,270. WTI itself jumped 3.75% to US$76 a barrel. TSX sectors were actually mixed, but […]
On Wednesday, the TSX rose 0.6% to reach a new close of 24,224. Apart from mild weakness in telcos, every sector rally, most pronounced in tech and consumer discretionary. Major movers on Bay Street included CNQ up 1.01% as the […]
On Tuesday, Beijing revealed details of its economic stimulus plan to revive the flagging Chinese economy, but it disappointed stock markets in North America initially. By the close, though, markets saw some gains: the S&P was up 0.7%, the Nasdaq […]
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