After the close with Allan
Volatility returned to markets to start the week. The S&P and Dow sank nearly 1% as the Nasdaq fell 1.25% to close below 18,000. Utilities and communication services were particularly weak. Major movers: Super Micro Computer soared 16.98%, Nvidia 2.43%, […]
The trading week ended with a rally, sparked by a U.S. jobs report that saw large, unexpected gains in September. The news propelled stocks on both sides of the border higher and recovered the losses from days of worry from […]
As Washington threatens to enter the conflict between Israel and Iran, oil prices spiked Thursday. WTI jumped 5.25% to US$73.75. By far, energy was the strongest sector on the TSX as most others fell, led by real estate and materials. […]
Bay and Wall streets were calmer Wednesday, a day after new Mideast tensions and a U.S. dock strike rattled investors. The S&P was flat, adding only two points, while the Nasdaq rose 0.24% and the Dow 0.12%. Key names included […]
Q4 began with a spike in Mideast tensions as Iran now entered the fray against Israel. Oil prices spiked with WTI jumping 3.7% to US $70.70 a barrel, and gold rising US$27 to US$2,661 an ounce. If not for oil, […]
The U.S. Fed chief, Jay Powell, today signaled more–but gradual–interest rate cuts ahead, based on economic data, adding that the American economy is in “solid shape”. His sentiments helped lift the S&P by 0.42% and the Dow by 17 points […]
A record-breaking week ended on a mixed note with the Dow closing 0.33% higher at a high of 42,313, while the TSX and Nasdaq gave back around 0.33% and the S&P slipped 0.13%. That said, the TSX still advanced 0.37% […]
Markets roared Thursday on both sides of the border. News of economic stimulus in China as well as the U.S.’s Q2 GDP beating expectations fueled optimism (or euphoria) on Bay and Wall streets. The TSX closed above 24,000 for the […]
Stocks in Toronto and New York took a step back Wednesday after reaching record highs the day before. The TSX retreated 11 points as energy and discretionary led the laggards. Only four sectors gained, led by utilities. Major movers on […]
Briefly after the opening bell Tuesday, the TSX cracked 24,000, and closed the session 0.33% higher at a record 23,972. Most Canadian sectors rallied, led by minerals, which enjoyed a boost from stimulus measures announced by China’s government to support […]
The TSX, S&P and Dow all made fresh highs Monday as the rally continued. The rally was triggered by the U.S. Fed cutting interest rates last Wednesday by 0.5%. Gains on Monday were measured, but the TSX still added 0.11% […]
The TSX and Dow added a handful of points on Friday to technically reach new record highs. The Canadian index gained 1.25% over the week and the Dow added 1.6%, driven by the U.S. Fed’s 50-point rate cut. The S&P […]
Call it a delayed reaction to the U.S. Fed cutting interest rates by 50 basis points the day before. On Thursday, markets in New York and Toronto soared to new highs. All but the Nasdaq made records. The Nasdaq leapt […]
On Wednesday afternoon, the U.S. Fed’s Jerome Powell cut interest rates by 50 basis points, signalling the end of its inflation fight. The street had been split between 25 and 50 points. Markets initially rallied, but faded into the close. […]
Tuesday saw August’s inflation rate in Canada fall to 2.0%, hitting the Bank of Canada’s target and signaling that interest rates will fall further. This news comes on the eve of the U.S. Fed’s decision on American rates, widely expected […]
The TSC continued its hitting streak to start the week by rallying 0.62% or 145 points to 23,714. Most sectors gained, led by healthcare, tech and energy. WTI crude jumped 2.6% to return above US$70 a barrel as gold added […]
Friday the 13th was lucky for the TSX which hit another new high after rising 0.4% on the strength of all but three sectors. Real estate and materials led while staples were modestly weak. Major movers: CNQ -2.03%, B2Gold 2.62%, […]
Green lit up trading boards on Thursday, especially in Canada as the TSX rose 1.12% or about 260 points to close at a new high of 23,470. Shining brightest were mining stocks: B2gold 12.9%, First Majestic Silver 11.97%, Calibre Mining […]
The latest CPI number in the U.S. came in slightly lower than expected at 2.5% year over year instead of 2.6%. In August, prices climbed 0.2% over the previous month as predicted. Markets greeted the news by buying: the Nasdaq […]
The U.S. 10-year yield fell to a 52-week low of 3.644% by Tuesday’s close, reflecting overwhelming sentiment that the U.S. Fed will cut interest rates shortly, perhaps by 50 basis points. That said, the rotation into value stocks wasn’t reflected […]
The bulls returned to start the week by driving a broad-based rally in New York and Toronto. The TSX jumped nearly 245 points or over 1% past 23,000. Except for energy, all sectors rallied, led by healthcare, financials and tech. […]
Weaker-than-expected job numbers on both sides of the border pressured markets in Toronto and New York on Friday. It’s the latest weak economic data that continues to fuel popular sentiment that the U.S. Fed will cut rates later this month […]
Thursday saw little direction in markets on both sides of the border, though Toronto and New York finished the session modestly weak. The TSX closed -0.23% as sectors were mixed. Staples enjoyed modest gains but were outweighed by losses in […]
To little surprise, the Bank of Canada cut interest rates Wednesday yet again, taking the prime rate down by 25 basis points to 4.25% and signalling further cuts. The TSX initially popped Wednesday morning on the news, then became choppy […]
Markets were flat or lagging for much of Friday until they surged in the dying minutes. Rewind to the morning when Canadian GDP in Q2 came in at 2.1%, as expected, while the U.S. CPE (personal consumption expenditure) number for […]
