Net worth tracking
Login Sign Up
  • All Opinions
  • Top Picks
  • Discover
  • Companies
  • Experts
WATCH LIST
Home » Daily

Market inch up to record highs to end historic week

Allan TongAllan Tong Posted On January 17, 2020
0
355 Views
0
0
Shares
  • Share On Facebook
  • Tweet It


This week, you missed Past Top Picks comments by Brian Acker including Exxon Mobil (A Top Pick Feb 08/19, Down 3%) Get Premium to receive all past top picks opinions a few hours before market open.
Get Premium

Markets in New York and Toronto inched up Friday to close at record highs and to cap off an historic week. It was historic because phase one of the China-US trade was signed, and the U.S. Senate passed the USMCA deal (aka the new NAFTA). After a relatively quiet day of trading, the S&P and Nasdaq rallied in the dying minutes of Friday’s session to close a third-of-percentage point higher.

No surprise that tech stocks led the charge, with names like AMD rallying 2.33%, and Activision Blizzard and Comcast both rising 1.34%. The latter rose on news that it will launch a streaming service, cutely named Peacock. Elsewhere, hardware stocks rose on news that U.S. housing starts soared 16.9% last month, the highest in 13 years. Home Depot surged 1.35% and Lowe’s 2.59%.

However, outperforming them all, the TSX broke 17,500 to close 0.42% high in yet another record close. Cannabis and minerals continued to their 2020 run. In fact, every sector except energy (even though crude oil ticked up) showed healthy gains Friday. The biggest gainers included Ballard Power, shooting up 9.31%, Supreme Cannabis by 9.09%, and Interfor by 8.4%. Amid all the euphoria, more investors are asking, “How long will this bull run last?”

💿 Advanced Micro Devices +2.33%
🎮 Activision Blizzard +1.34%
📺 Comcast Corp +1.34%
🔨 Home Depot +1.35%
🧱 Lowes Companies Inc. +2.59%
🔧 Ballard Power Systems +9.31%
🌿 Supreme Cannabis Company, Inc. +9.09%
🌳 Interfor Corp +8.40%

Post Views: 355
0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Grande West Transportation Group, Aritzia Inc. and More at 52-week Highs (Jan 20-26)
Melisa R. H. January 27, 2021
C3.ai, Inc., Linde PLC and 18 Stock Top Picks (Jan 15-21)
Melisa R. H. January 22, 2021
Read Next

TSX breaks another record on MLK holiday

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Join 39,652 Investors

    Winning in the Market eBook
    We deliver stock ideas to your inbox. Sign up free, get the ebook!

  • Top Reviews

    • The Ugly Truth About Identity Theft – Free Credit Report
      10
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
  • Popular Posts

    • Grande West Transportation Group, Aritzia Inc. and More at 52-week Highs (Jan 20-26)
    • C3.ai, Inc., Linde PLC and 18 Stock Top Picks (Jan 15-21)
    • Canadian National R.R., Metro Inc and More Earnings Reports this Week (Jan 25-29)
    • Questrade vs Others | The Review Competitors Don't Want you to Read (2021)
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
  • Stock Lists

    • Hit and Misses: 5 Tempting Tech Stocks
      January 26, 2021
    • 2 Successful Past Picks: Nuvei & Medtronic
      January 19, 2021
    • 4 Proven Financial Stocks Riding the Blue Wave
      January 13, 2021
    • Top 8 ETF Stocks To Watch in 2021
      January 8, 2021
    • Top 10 Finance Stocks To Watch in 2021
      January 7, 2021


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search