Markets fade after Fed comments

Melisa R. H. Posted On August 28, 2026

The new U.S. Fed Chief, Kevin Warsh, highlighted inflation worries on Friday which sent markets slightly down to end Friday. The S&P closed -0.25%, the Nasdaq -0.52% and the Dow merely -0.02%. All gained over half a perfect for the weak, particularly the Nasdaq. Major movers on Friday: Workday 5.76%, Nvidia -4.57%, PG&E -7.52%, Intel -2.85% and PayPal -12.71%. The U.S. 10-year yield climbed up to 4.724%. Bitcoin sank 3.25% to US$77,485.

The TSX sank 0.75% Friday and almost broke even for the week. Discretionary was the strongest sector, but materials and tech led eight sectors lower. Silver fell 4.3% to US$66.15, gold slid 3% to US$4,460 and WTI slipped 0.12% to US$83.45. Major movers: GFL Environmental rallied 4.64%, CNQ -1.29%, Denison Mines -7.1%, NexGen Energy -6.96% and Secure Waste Infrastructure 3.67%.

💾 Workday (WDAY) +5.76%

💾 NVIDIA Corporation (NVDA) -4.57%

🧼 PG&E Corp (PCG) -7.52%

💾 Intel (INTC) -2.85%

💳 PayPal Holdings Inc. (PYPL) -12.71%

🅱 Bitcoin (BTCUSD) (BTC-USD) -3.25%

♻ GFL Environmental Inc. (GFL.TO) +4.64%

🛢 Canadian Natural Rsrcs (CNQ.TO) -1.29%

⛏ Denison Mines Corp (DML.TO) -7.1%

⛏ NexGen Energy (NXE.TO) -6.96%

🛢 SECURE Waste Infrastructure Corp. (SES.TO) +3.67%