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Friday up in flat week, except tech

Allan Tong Posted On May 24, 2024
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Slightly better-than-expected U.S. consumer data lifted markets Friday, but the S&P and TSX closed the week flat. The S&P added 0.6% Friday to nearly 5,300 while the Dow was flat for the session and the Nasdaq rallied over 1%. For the week, the Dow sank 2.3%, but the Nasdaq added 1.4%.

The biggest Wall Street gainers were tech: Tesla 3.23%, Nvidia 2%, Apple 1.62% and AMD 3.6%. Ross Stores soared 7.8%. The U.S. 10-year-yield slipped to 4.467% while Bitcoin climbed 1.7% to US$69,000.

The TSX advanced 0.42% Friday to nearly 22,300. Nearly all sectors rallied, led by staples, financials and materials. Among the big movers were Celestica up 5.61%, Bombardier 5.59%, Gildan 5.33%, Iamgold 3.2% and TD up 2.25% a week before the big banks report. Gold inched up to US$2,334 while WTI rose over 1% to US$77.75.

🚗 Tesla Inc (TSLA-Q) +3.23%

💾 NVIDIA Corporation (NVDA-Q) +2%

🍎 Apple Inc (AAPL-Q) +1.62%

💾 Advanced Micro Devices (AMD-Q) +3.6%

👚 Ross Stores Inc. (ROST-Q) +7.8%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.7%

💻 Celestica Inc (CLS-T) +5.61%

🚂 Bombardier Inc (B) (BBD.B-T) +5.59%

👕 Gildan Activewear Inc. (GIL-T) +5.33%

🥇 Iamgold Corp (IMG-T) +3.2%

🏛 Toronto Dominion (TD-T) +2.25%

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