Flat Friday ends a positive week
It was a week of new record highs on the S&P, Nasdaq and the TSX, based on varying U.S. inflation data. However, markets were flat or slightly down on Friday, though still gained ground over the past week. The S&P closed -0.29% during the session, the Nasdaq -0.4% and the Dow climbed 34 points. Over the week, the S&P and Nasdaq advanced nearly 1% while the Dow jumped 1.75%.
Berkshire Hathaway revealed a new stake in UnitedHealth, which sent those shares soaring 11.98%. Meanwhile, First Solar rallied 11.05%, Intel 2.93% as the most active name, while Applied Materials tanked 14.07% and Cisco slid 4.47%. The U.S. 10-year yield held around 4.328% while Bitcoin slipped US$710 to US$117,250.
In Toronto, the TSX shed 16 points on Friday, but advanced 0.5% for the week. Strong gains in healthcare led seven sectors higher, while discretionary saw modest losses. Bausch Health jumped 10.98%, MDA Space 4.91% and Kinross Gold 2.04% as several mining companies rallied. In contract, Enbridge slid 2.31% and Bird Construction sank 3.06%. Gold held at US$3,336 while WTI declined 1.25% to US$63.15.
👨⚕️ UnitedHealth Group Inc (UNH-N) +11.98%
⛏ First Solar Inc. (FSLR-Q) +11.05%
💾 Intel (INTC-Q) +2.93%
⚙ Applied Materials (AMAT-Q) -14.07%
🧬 Cisco (CSCO-Q) -4.47%
👨⚕️ Bausch Health Companies Inc. (BHC-T) +10.98%
🧬 MDA Ltd. (MDA-T) +4.91%
🥇 Kinross Gold (K-T) +2.04%
🛢 Enbridge (ENB-T) -2.31%
🧱 Bird Construction Income Fund (BDT-T) -3.06%
