Markets Up Friday

The S&P/TSX composite saw a +0.21% change for today’s session, the Nasdaq composite was +0.16% and the Dow up +0.97% Some trending stocks for the day include SoundHound AI +18.19%, Tesla Inc +3.80% and GameStop Corp. +0.29%. The most active […]

Markets down on Thursday

The S&P/TSX composite saw a +1.41% change for today’s session, the Nasdaq composite was +0.03% and the Dow up +1.08% Some trending stocks for the day include Alphabet Inc down -4.56%, MicroStrategy -16.16% and Snowflake +32.71%. The most active stocks […]

Markets down on Wednesday

The S&P/TSX composite saw a +0.10% change for today’s session, the Nasdaq composite was -0.72% and the Dow up +0.08%. Some trending stocks for the day include: NVIDIA Corporation -0.76%, Snowflake -0.86% and Qualcomm -6.34%. The most active stocks today include Great West Lifeco +0.28%, while Canadian Natural Rsrcs saw +0.36%. Manulife Financial also saw a […]

Markets up on Tuesday

The S&P/TSX composite saw a +0.14% change for today’s session, the Nasdaq composite was +1.04% and the Dow up -0.32% Some trending stocks for the day include C3.ai, Inc. +24-19%, NVIDIA Corporation +4.89 and Super Micro Computer +32.23%. The most active stocks today include Enbridge +0.52%, while Suncor Energy Inc saw +0.02%. Canadian Natural Rsrcs also saw […]

Post-Fed rally

Allan Tong Posted On September 19, 2024

Call it a delayed reaction to the U.S. Fed cutting interest rates by 50 basis points the day before. On Thursday, markets in New York and Toronto soared to new highs. All but the Nasdaq made records. The Nasdaq leapt 2.51%, the S&P 1.7% to 5,713 and the Dow 1.26% to 42,025.

Major movers: Darden Restaurants 8.25%, Tesla 7.36%, Nvidia 3.7%, Apple 3.71% and PayPal 6.09%. The U.S. 10-year yield actually climbed to 3.723% while Bitcoin rallied 2.4% to nearly US$63,200.

Across the border, the TSX jumped 1.16% to 23,866. Gold also outperformed by adding US$30 to US$2,588 while WTI crude advanced 1.6% to US$72. The two most-active stocks stocks jumped 2.42%–CNQ and TD, which replaced its CEO. Gold helped miners Ivanhoe rally 6.53% and Lundin by 5.6%. Meanwhile, Celestica soared 5.61%.

🍛 Darden Restaurants (DRI-N) +8.25%

🚗 Tesla Inc (TSLA-Q) +7.36%

💾 NVIDIA Corporation (NVDA-Q) +3.7%

🍎 Apple Inc (AAPL-Q) +3.71%

💳 PayPal Holdings Inc. (PYPL-Q) +6.09%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.4%

🛢 Canadian Natural Rsrcs (CNQ-T) +2.42%

🏛 Toronto Dominion (TD-T) +2.42%

⛏ Ivanhoe Mines Ltd (IVN-T) +6.53%

⛏ Lundin Mining Corp. (LUN-T) +5.6%

🧬 Celestica Inc (CLS-T) +5.61%