Mixed week on Wall Street while Bay Street shines

The American indices struggled to regain ground on Friday after the steep sell-off earlier in the week, and ended both Friday and the week mixed. The S&P slipped 0.05% on Friday and gained about that much for the week. The Nasdaq climbed 0.13% during the session, but sank 0.45% over a turbulent week when AI stocks fell out of favour over concerns of high valuations. Meanwhile, the Dow sank 0.65% on Friday and closed 0.34% for the week in which it posted a record high. The winner in all this lay in Canada after the TSX posted a 0.24% gain on Friday and 1.38% over a week that saw the Canadian index achieve a record close.

Sectors were mixed in Toronto with energy and staples leading and healthcare fading the most by far. Key movers: CNQ 3.07%, H&R Real Estate -9.76%, Celestica 5.91%, CES Energy Solutions 16.37% and Superior Plus -21.08%. In New York: Nvidia climbed 1.77% after a negative week, DoorDash delivered a 6.02% rally, PayPal -3.86%, Netflix -3.64% and Bristol-Myers -4.07%. In commodities, WTI added 2.25% to US$60, and gold declined US$90 to US$4,080. Bitcoin slid over US$4,000 to US$94,735. The U.S. 10-year yield rose 4.146% over inflation concerns.

🛢 Canadian Natural Rsrcs (CNQ-T) +3.07%

🏛 H&R Real Estate Inv Trust (HR.UN-T) -9.76%

🧬 Celestica Inc (CLS-T) +5.91%

🛢 Canadian Energy Services & Technology (CEU-T) +16.37%

🚚 Superior Plus Corp (SPB-T) -21.08%

💾 NVIDIA Corporation (NVDA-Q) +1.77%

📦 Doordash (DASH-N) +6.02%

💳 PayPal Holdings Inc. (PYPL-Q) -3.86%

📺 Netflix Inc. (NFLX-Q) -3.64%

🧫 Bristol Myers Squibb (BMY-N) -4.07%