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Spreadsheet
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 July was a modest 2.5%, enhancing sentiment that the central bank will cut interest rates in September. By the end of Friday, the TSX had edged up by 0.11% and 0.25% for the week, and remaining at all-time highs.
Key names included Capstone Copper up 4.31%, Hudbay Minerals 4.17%, and Laurentian Bank -4.27% to cap off bank earnings week. Most-traded were Northland Power -2.55% and CNQ at -2.03%. Energy lagged as WTI sank 3% to US$73.65, while gold gave back US$19 to US$2,502.
The S&P and Nasdaq rose around 1% Friday, though the S&P advanced 0.25% for the week and the Nasdaq about 1%. Meanwhile, the Dow reached yet another high after climbing 0.51% as the rally continues to broaden beyond tech. The Dow rose nearly 1% over the week. Major movers: Nvidia up 1.44% despite flatness for part of the session, GE 4.87%, Intel popping 9.51%, Tesla 3.65% and Ulta Beauty -3.9%. Bitcoin faded by 0.8% to US$58,850 as the U.S. 10-year yield climbed to 3.907%.
⛏ Capstone Copper Corp (CS-T) +4.31%
⛏ Hudbay Minerals (HBM-T) +4.17%
🏛 Laurentian Bank (LB-T) -4.27%
💡 Northland Power Inc (NPI-T) -2.55%
🛢 Canadian Natural Rsrcs (CNQ-T) -2.03%
💾 NVIDIA Corporation (NVDA-Q) +1.44%
🧬 General Electric (GE-N) +4.87%
💾 Intel (INTC-Q) +9.51%
🚗 Tesla Inc (TSLA-Q) +3.65%
💄 Ulta Salon Cosmetics and Fragrance Inc. (ULTA-Q) -3.9%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.8%
