360°
Spreadsheet
Friday extended gains from the day before and the major indices rose for the week. The focus was on the U.S. where lighter than expected CPI data triggered a major rally while signs of China loosening its zero-Covid policy and possible progress in the Russian-Ukraine war added tailwinds. The S&P closed Friday up nearly 1%, just shy of 4,000, and rallied 5.61% for the week. The Nasdaq surged another 1.88% Friday and jumped over 8% for the week. Meanwhile, the Dow was flat on Friday as the U.S. 10-year yield slipped to 3.811%. Meanwhile, the turmoil in cryptos continued as Bitcoin retreated 4.3% to $16,800.
Tech was in the spotlight as Snap soared nearly 8%, AMD rallied 5.7% and Amazon added 4.31%. Disney rebounded 5% after a rough week, FedEx rose 5.79% as Paramount Global surged 13.52%.
Most of the TSX sectors were positive on Friday as the Canadian index advanced 0.61% Friday and 3% for the week. Energy, real estate and tech led, while staples and utilities lagged. Of the latter, Algonquin Power dragged down that sector as it plunged 19.29% on an earnings miss and weak forecast. Also down was Dollarama by 4.89%, though Brookfield Asset Management gained another 4.2%, and Canopy 10.22%. WTI climbed 3% to $89 and WCS jumped nearly 5% to approach $60.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -4.3%
📹 Snap Inc. (SNAP-N) +8%
💾 Advanced Micro Devices (AMD-Q) +5.7%
📦 Amazon.com (AMZN-Q) +4.31%
👸 Walt Disney Co. (DIS-N) +5%
🚚 FedEx (FDX-N) +5.79%
📺 Paramount Global (PARA-Q) +13.52%
💡 Algonquin Power & Utilities Corp (AQN-T) -19.29%
🛒 Dollarama Inc. (DOL-T) -4.89%
🏛 Brookfield Asset Management Inc. (BAM-N) +4.2%
🌿 Canopy Growth Corp. (WEED-T) +10.22%
