Markets Up on Friday

The S&P/TSX composite saw a +0.41% change for today’s session, the Nasdaq composite was +0.83% and the Dow up +0.42% Some trending stocks for the day include SoundHound AI up +18.15%, Tesla Inc +3.69% and NVIDIA Corporation +2.15%. The most […]

Markets Up on Wednesday

The S&P/TSX composite saw a +0.33% change for today’s session, the Nasdaq composite was -0.60% and the Dow up -0.23% Some trending stocks for the day include Symbiotic down -35.86%, Wajax Corp +8.01% and Dollarama Inc. -0.01%. The most active […]

Markets end week higher on soft inflation

Allan Tong Posted On August 16, 2024

The indices in New York and Toronto edged up on Friday to finish the week higher. The past week’s weaker-than-inflation numbers in the U.S drove the rally. The three New York indices gained over 0.2% on Friday. While the Nasdaq was flat for the week, the S&P jumped 4% and the Dow 3%, indicating a continuing rotation out of tech, or a broadening of the rally.

Key movers on Friday: Nvidia up 1.4%, Dexcom 3.16%, Ulta Beauty 3.12%, Chipotle -2.78% and Palo Alto Networks -2.67%. The U.S. 10-year yield declined to 3.887% while Bitcoin leapt about 5% to nearly US$59,500.

The TSX added 15 points on Friday, but rose 3.33% over the week. Major names on Friday included CAE at -3.4%, Suncor -1.01%, Denison Mines -2.74% and New Gold up 6.36%. Speaking of which, the shiny rock climbed by US$42 to US$,2509 while WTI sank 1.75% to US$76.80. Next week marks the start of Canadian bank earnings.

💾 NVIDIA Corporation (NVDA-Q) +1.4%

🧫 Dexcom (DXCM-Q) +3.16%

💄 Ulta Salon Cosmetics and Fragrance Inc. (ULTA-Q) +3.12%

🌶 Chipotle Mexican Grill (CMG-N) -2.78%

💾 Palo Alto Networks (PANW-N) -2.67%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +5%

🚚 CAE Inc (CAE-T) -3.4%

⚡ Suncor Energy Inc (SU-T) -1.01%

⛏ Denison Mines Corp (DML-T) -2.74%

🥇 New Gold Inc. (NGD-T) +6.36%