Markets climb on tariff and job optimism
Stocks in New York and Toronto ended the week with solid gains after a positive U.S. jobs report Friday and signs of a thaw in Trump’s tariff war. The S&P rose 1.47% during the session, the Nasdaq 1.51% and the Dow 1.39%. The three indices gained at least 3% for the week, with the Nasdaq advancing 3.4%. Tech earnings were another driver.
Meta jumped 3.42% though Apple sank 3.74%. Meanwhile, Nvidia rose another 2.59% and Palantir 6.95%. GoDaddy slid 8.36%. The U.S. 10-year yield edged up to 4.308% as Bitcoin increased US$575 to US$94,050.
Prime Minister Carney announced he will meet Trump next Tuesday to discuss trade. That helped lift sentiment on Bay Street. The TSX added 0.95% on Friday and 1.3% for the week, fueled by gains in eight sectors starting with industrials, tech and financials. Telcos were the biggest drag. Key names on Bay Street: Aritzia soaring 13.75% on a blow-out quarter, BMO up 1.18%, MDA Space -14.34%, Algoma Steel 7.69% and Manulife 2.04%. Gold was flat at US$3,239 while WTI slipped 1.15% to US$58.55.
🕵️♀️ Meta Platforms Inc / Facebook (META-Q) +3.42%
🍎 Apple Inc (AAPL-Q) -3.74%
💾 NVIDIA Corporation (NVDA-Q) +2.59%
💾 Palantir Technologies (PLTR-Q) +6.95%
💻 Go Daddy (GDDY-N) -8.36%
👗 Aritzia Inc. (ATZ-T) +13.75%
🏛 Bank of Montreal (BMO-T) +1.18%
🧬 MDA Ltd. (MDA-T) -14.34%
⛓ Algoma Steel Group Inc (ASTL-T) +7.69%
🏛 Manulife Financial (MFC-T) +2.04%
