Markets rebound on jobs data
Friday saw the release of the latest employment numbersate. The U.S. added more jobs than expected in March, while Canada’s unemployment rose to 6.1%. Despite the differing data, both markets rallied to end a rocky week. The TSX climbed 0.87% on Friday and gained 0.45% for the week. All sectors rose, particularly staples and materials.
TD traded the most hands but closed -0.52%, Pan American Silver advanced 5.44%, B2gold rallied 4.61% and Oceangold rose 8.81% as the price of gold continued its record run, up to $2,323 an ounce. Meanwhile, WTI crude was flat around $86.75.
All sectors also gained on Wall Street where the S&P added 1% for the day but sank as much over the week. The Nasdaq climbed 1.2% on Friday and lost as much during the week. The Dow advanced 0.85% but had its worst week so far in 2024, down 2.25%. Big movers were GE, up 5.98%, Tesla -3.36%, Amazon 2.75% and AMD up 2.77%. The U.S. 10-year yield inched up to 4.4%. Bitcoin gave back 1.5% to $67,500.
🏛 Toronto Dominion (TD-T) -0.52%
⛏ Pan American Silver (PAAS-T) +5.44%
🥇 B2Gold Corp. (BTO-T) +4.61%
🥇 Oceanagold Corp (OGC-T) +8.81%
🧬 General Electric (GE-N) +5.98%
🚗 Tesla Inc (TSLA-Q) -3.36%
📦 Amazon.com, Inc. (AMZN-Q) +2.75%
💾 Advanced Micro Devices (AMD-Q) +2.77%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.5%