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The TSX reopened on Friday as the NYSE was already back in business. Both markets sank. Tech led the decline as the Nasdaq tumbled 300 points or 1.49%, the S&P fell below 6,000 after shedding 1.11% and the Dow slipped […]
Though the TSX remained closed on Boxing Day (aka December 26), the NYSE was back to business. Unsurprisingly, it was a quiet day on Wall Street as the Dow advanced a handful of points and the S&P and Nasdaq slipped […]
Amid typically light trading in a shortened session, markets in Toronto ad New York rallied on the last day of trading before Christmas. The TSX advanced 0.4% or about 100 points as most sectors gained. Tech and energy led the […]
The last full trading day before Christmas was a jolly one as markets in Toronto and New York rose. On Bay Street, all but three sectors including real estate gained as the TSX advanced 0.61%. Energy and particularly healthcare rallied. […]
Two days after the U.S. Fed announced only two interest cuts for 2025 and triggered a sharp sell-off, markets on Friday rallied which reduced losses for the week. The three major U.S. indices all rose over 1% during the session, […]
Wednesday stocks were in a holding pattern until U.S. Fed chief, Jerome Powell, announced mid-afternoon an expected 25-basis point cut to the key interest rate. However, his announcements during the press conference triggered a steep sell-off in both New York and Toronto. Powell stated that the central bank would cut