Stocks slide after U.S. Fed decision

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 […]

Stock slump continues

Markets in New York and Toronto continued to weaken on Tuesday. The TSX closed 0.54% lower as only two sectors managed gains for the session, particularly health care. Telcos and staples led the remaining sectors down. Making outsized moves were […]

S&P and Dow hit new highs

Allan Tong Posted On October 14, 2024

As the TSX closed for Canadian Thanksgiving, Wall Street roared to new highs Monday. The S&P rallied 0.83% to a new record close of 5,863 and the Dow advanced 0.54% to a high of 43,093. Meanwhile, the Nasdaq jumped nearly 1% to flirt with its own highs. Leading the rally was, unsurprisingly, Nvidia, breaking out by 2.64%. American bank earnings continued, with Wells Fargo climbing 2%. Meanwhile, Vistra popped 3.71%, and Qualcomm 4.75% though Walgreens sank 2.88%. Bitcoin rallied 5% to US$69,500, WTI slipped 2% to fall below US$74, while the U.S. 10-year yield nearly touched 4.1%. The TSX reopens Tuesday.

💾 NVIDIA Corporation (NVDA-Q) +2.64%

🏛 Wells Fargo (WFC-N) +2%

💡 Vistra (VST-N) +3.71%

💾 Qualcomm (QCOM-Q) +4.75%

💊 Walgreen Boots Alliance (WBA-Q) -2.88%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +5%