Friday rally cap choppy weak
Markets in New York and Toronto rallied Friday but finished the week in the red or barely positive. On Friday, the S&P rose 1.12%, the Nasdaq 0.99% and the Dow 1.65%. However for the week those numbers were -0.83%, -2% and 0.75% respectively to reflect a shift out of tech and into dividends.
Key U.S. movers: Bristol-Myers 11.56%, 3M 23.12%, Charter Communications 15.51% and Biogen -6.96%. The 10-year yield edged down to 4.193% while Bitcoin jumped 3.15% to US $67,850.
The TSX gained 0.83% Friday and 0.55% for the week after the Bank of Canada cut interest rates again. Most active Friday were Baytex at -6.13%, Royal Bank 1.06% and TC Energy 1.15%. Also, Winpak surged 7.75%. Gold faded US$22 to US$2,386 while WTI slid US$1.50 to US$76.75.
🧫 Bristol Myers Squibb (BMY-N) +11.56%
💾 3M Co. (MMM-N) +23.12%
📡 Charter Communications (CHTR-Q) +15.51%
🧫 Biogen IDEC Inc. (BIIB-Q) -6.96%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.15%
🛢 Baytex Energy Corp (BTE-T) -6.13%
🏛 Royal Bank (RY-T) +1.06%
🛢 TC Energy (TRP-T) +1.15%
📦 Winpak Ltd. (WPK-T) +7.75%
