Hot Meta, hot jobs report
Meta reported a blow-out quarter after the bell Thursday and announced a surprise first-ever dividend, which sent shares rocketing Friday by 20.44%. The move overshadowed Amazon‘s own earnings and rally of nearly 8%, and helped lift the Wall Street indices. The Nasdaq jumped 1.89% on Friday and 1.12% for the week. The S&P closed 1.26% higher on Friday and 1.38% for the week, while Dow added 0.49% and 1.43% respectively. The latter two indices made record highs of 4,969 and 38,7078.
Other notable names were Edwards Lifesciences, leaping 9.63%, Clorox surging 5.51% and Charter Communications sliding 16.4%. Against this backdrop were the latest non-farm payroll employment numbers, which saw 353,000 jobs added in the U.S. instead of the expected 187,000. As a result, the U.S. 10-year yield returned above 4.0%. Bitcoin slipped 0.2% to fall under $43,000.
In contrast, the TSX continued to underperform its American peers by slipping 0.16% on Friday and a little more than that for the week. Few sectors, such as tech and industrials, rallied, while most, including materials and energy sank. Key names included Shopify leaping 8.68%, Aritizia jumping another 6.55%, Capstone Coppper at -2.4% and Interfor at -4.27%. WTI slid 2.3% to $72.15 a barrel.
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +20.44%
📦 Amazon.com, Inc. (AMZN-Q) +8%
🧫 Edwards Lifesciences Corp (EW-N) +9.63%
🧴 Clorox Company (CLX-N) +5.51%
📡 Charter Communications (CHTR-Q) -16.4%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.2%
🛍 Shopify Inc. (SHOP-T) +8.68%
👗 Aritzia Inc. (ATZ-T) +6.55%
⛏ Capstone Copper Corp (CS-T) -2.4%
🌲 Interfor Corp (IFP-T) -4.27%
