Dow tops 44,000

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 and surpassed 6,000 briefly. Meanwhile, the Nasdaq was flat for the day but jumped 5.75% over the week. Traditionally, American markets rally after presidential elections.

Wall Street’s major movers on Friday: Fortinet 9.88%, Palantir 4.46%, Tesla 8.07%, Airbnb -8.59% and Super Micro Computer -3.83%. The U.S. 10-year yield edged down to 4.3% while Bitcoin crept 1% higher to $76,700 and approached all-time highs.

In contrast, materials and energy led most TSX sectors down as the Canadian index closed -0.36% on Friday but rose 2% for the week. Utilities were among the four sectors which rallied. Earnings were influential on some major movers. Telus reported a beat and dividend raise, and its shares jumped 3.76% and helped lift BCE 1.41%. Elsewhere, Baytex closed the session -3.71%, Air Canada -2.59% though Jamieson Wellness popped 5.76%. Gold dipped US$21 to US$2,685 while WTI sank 2.7% to US$70.40.

💻 Fortinet Inc (FTNT-Q) +9.88%

💾 Palantir Technologies (PLTR-N) +4.46%

🚗 Tesla Inc (TSLA-Q) +8.07%

🧳 Airbnb (ABNB-Q) -8.59%

💾 Super Micro Computer (SMCI-Q) -3.83%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1%

📱 Telus Corp (T-T) +3.76%

📱 BCE Inc. (BCE-T) +1.41%

🛢 Baytex Energy Corp (BTE-T) -3.71%

🛫 Air Canada (AC-T) -2.59%

💊 Jamieson Wellness (JWEL-T) +5.76%