Daily

The week ended with the American indices gaining modestly: the S&P 0.19%, the Nasdaq 0.31% and the Dow 0.22%. For the week, the S&P rose 0.3%, the Nasdaq 0.9% and the Dow 0.5%. Major movers included Ulta Beauty surging 12.65% and […]

The TSX enjoyed gains nearly across the board, but primarily driven by outperformance in tech and healthcare. Utilities and two other sectors suffered only mild losses after the TSX rallied 1.35% or 309 points. Among the key names were Descartes Systems […]

Markets in Toronto and New York extended Tuesday’s gains after the American indices closed on strength, but the TSX endured a choppy session. The TSX rose 0.34% or 106 points after six sectors rose, led by energy, healthcare and industrials, […]

Following Monday’s sell-off, stocks in New York and Toronto stabilized. The U.S. indices saw modest gains: S&P up 0.25%, the Nasdaq 0.59% and the Dow 0.39% while the TSX slipped 0.17%. Silver continued its record run by reaching US$58.55 while […]

Stocks gave back some of last week’s strong gains to begin the week. The S&P closed -0.53%, the Nasdaq -0.38%, the Dow -0.9% or 427 points, and the TSX -0.9% or 281 points. Sinking further was Bitcoin, sliding 5.4% to […]

The TSX marched to yet another record close on Black Friday, while the Wall Street indices reopened for a half-day of trading and also rallied. The Canadian index rose 0.6% or 186 points to 31,382 on Friday and gained 4.05% […]

The TSX posted a second-straight record close, edging up 16 points to 31,196, despite a sell-off at the close. With the U.S. closed for American Thanksgiving, volumes on Bay Street were predictably light, but nearly every sector enjoyed gains, led […]

The mining sector soared on Wednesday, pulling the TSX to fresh highs. The Canadian index rose 0.9% or 279 points to 31,180, the first time above 31,000. Nearly all sectors rallied, as only discretionary dipped into the red. By far, […]

Markets in Toronto and New York extended the previous day’s gains on Tuesday, with the TSX nearly making a record close. The Canadian index jumped 1% to 30,900 led by strong gains in consumer staples and discretionary. Only energy and […]

Both sides of the border began the trading week with a rally, led by tech. Optimism that the U.S. Fed will cut interest rates (reversing last week’s pessimism) and renewed hopes in AI, pushed the tech-heavy Nasdaq 2.69% higher or […]

After the close on Wednesday, Nvidia reported a strong top and bottom line beat and offered a rosy forecast. The futures market and Thursday morning traded responded with a sharp rally nearly across the board. However, at noon, markets reversed […]

Markets rallied Wednesday morning, but swung wildly for the rest of the day as investors waited for the most-anticipated earnings report of the season, Nividia. By the close, the S&P advanced 0.38%, the Nasdaq 0.59%, the Dow 0.1% and the […]

Selling on Tuesday continued after a dour Monday. Investors sold more AI tech stocks which have been seen as overvalued after hitting recent record highsy. On the eve of reporting earnings, Nvidia sank another 2.81% while Amazon tumbled 4.43%. The […]

Markets in New York and Toronto began the week by selling off, especially into the close. The decline precedes Wednesday much-anticipated earnings from Nvidia as well as U.S. September jobs data, delayed because of the recent U.S. government shutdown. At […]

A day about reaching fresh highs, stocks in New York and Toronto sold off sharply on Thursday. The resolution of the U.S. government shutdown has removed the latest market catalyst and concerns that the AI trade is over-extended has returned. At the […]

Hopes of the U.S. government ending its record-breaking shutdown sent the TSX and Dow to new closing highs. The Canadian index rallied 1.45% or 440 points to 30,827 while the Dow added 0.68% to 48,255, crossing 48,000 for the first […]

Markets in Toronto and New York extended the previous day’s gains on Tuesday, lifted by a likely resolution to the U.S. government shutdown. However, tech stocks were mixed during the session. While the S&P gained 0.21% and the Dow 1.18%, […]

The U.S. Senate appeared to be making headway in ending the historically long government shutdown, which sparked a Monday rally in stocks, minerals and cryptos. The S&P jumped 1.54% or over 100 points, the Nasdaq 2.27% and the Dow 0.81%. […]

Despite a late-day rally, markets in New York and Toronto finished the week in negative territory. On Friday, markets climbed out of the red and into the green by the closing bell, leaving the S&P up a modest 0.13%, the […]

On Thursday, the sell-off led by AI tech stocks resumed following a respite on Wednesday. Fears over inflated valuations fueled the action and left the Nasdaq 1.9% lower. Faring slightly better were the S&P, down 1.12%, and the Dow which […]

Wednesday saw Wall and Bay streets partially recover Tuesday’s sharp losses, fed by concerns of overvaluation in AI tech stocks. The S&P rose 0.37%, the Nasdaq 0.65% and the Dow 0.48% while the TSX advanced 1.09% or 325 points. Tech […]

After hitting recent highs, tech stocks sold off hard on Tuesday, fed by valuation concerns. Nvidia ended the day -3.96%, Palantir -7.94%, Intel -6.25% and Tesla -5.15% Also sliding was Norwegian Cruise Line at -15.28% which set a revenue record, […]

Stocks in Toronto and New York saw little movement either way to begin the week, though the Mag 7 continued to rise. Nvidia rallied another 2.17% and Amazon jumped 4% to lead the Nasdaq 0.46% higher. Meanwhile, the S&P increased […]