Late Friday rally saves week
![](https://stockchase.com/discover/wp-content/uploads/2020/06/market-comment-after-the-close-1-960x640.jpg)
Stocks were down most of Friday until they rallied into the close to preserve gains for the week. Investors shrugged off ongoing bank concerns to raise the TSX by 0.21%, the S&P 0.56% to nearly 4,000, the Nasdaq 0.31%, and the Dow 0.41%. For the week, the Canadian index gained 0.46%, the Nasdaq 0.31% and the S&P 1.37% and the Dow 1.15%. The ongoing fear and confusion in financials held the U.S. 10-year yield to 3.374% even the U.S. Fed hiked interest rates 0.25% this past week. Bitcoin gave back 1.8% Friday to dip below $28,000.
All but three of the TSX sectors rallied Friday, with energy being the biggest laggard as WTI declined 1.1% to $69. Utilities and staples led the gainers.
Notable movers were Badger Infrastructure leaping 6.7%, OceanaGold adding 5.41%, Algonquin Power up 3.48%, though Aritzia fell 3.65% and Lightspeed declined 3.27%. On Wall Street, Activision Blizzard surged 5.76% Keycorp rallied 5.24%, Intuitive Surgical climbed 4.87% as Lam Research sank 4.33%. Deutsche Bank was the latest bank to make the headlines and declined 3.11%.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.8%
🛢 Badger Daylighting (BDGI-T) +6.7%
🥇 Oceanagold Corp (OGC-T) +5.41%
💡 Algonquin Power & Utilities Corp (AQN-T) +3.48%
👗 Aritzia Inc. (ATZ-T) -3.65%
🏛 Lightspeed Commerce Inc (LSPD-T) -3.27%
🎮 Activision Blizzard (ATVI-Q) +5.76%
🏛 Keycorp (KEY-N) +5.24%
🧫 Intuitive Surgical Inc. (ISRG-Q) +4.87%
⚙ Lam Research Corp (LRCX-Q) -4.33%
🏛 Deutsche Bank AG (DB-N) -3.11%