Markets end week higher on soft inflation

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%