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Friday saw the June U.S. unemployment rate rise to 4.1% which was lower than the expected 4.0% and fueled hopes that the Fed will cut interest rates. The data pushed the U.S. 10-year yield down to 4.27% but lifted the […]
Bay Street volumes were predictably light as the Wall Street celebrated the fourth of July, though the TSX inched 0.11% higher. Only financials showed any weakness and that was modest. Staples, telcos and utilities led all other sectors higher. There […]
U.S. markets closed early on Wednesday ahead of the July 4 holiday, but the latest employment data fueled the S&P and Nasdaq to fresh highs. Payroll growth came in lighter than expected for June as weekly jobless claims clocked in […]
On Tuesday, Wall Street extended its winning streak into the second half of the year after the S&P and Nasdaq made fresh highs. The S&P rallied 0.62% to breach 5,500 while the Nasdaq gained 0.84% to top 18,000. Meanwhile, the […]
With the TSX closed for the national holiday, Wall Street opened the second half of 2024 with a modest rally. The S&P advanced 0.28%, the Nasdaq 0.84% and the Dow 44 points. Again, tech led the charge higher as Tesla […]
On Friday, core PCE inflation in the U.S. (a key metric to the U.S. Fed) held at 2.8% over 12 months and rose 0.3% at March. The numbers settled the fears of Wall Street who were expecting higher inflation. At the same time, tech heavyweights Alphabet (A class up 10.27%)