Stocks and oil edge up pre-Xmas
Friday saw a modest Santa Claus rally as all the major indices closed positive and gently rose during a low-volume session. Friday halted a losing streak this week. The S&P finished 0.57% on Friday and -0.23% for the week, the Nasdaq 0.19% for the day but -2% during the week, and the Dow added 0.51% Friday and gained 0.85% over the week. Most sectors were higher.
Gainers included Amazon up 1.64%, Hess 4.72% and Halliburton 4.13% as energy enjoyed a strong rally. However, Moderna slid 4.42% and Tesla fell another 1.51% as the heaviest-traded stock.
WTI crude spiked 2.76% to nearly $80 a barrel. By far, energy was the strongest sector, followed by utlities and materials on Bay Street. Tech was among the few laggards. The TSX advanced 0.78% Friday and added 0.26% for the week. TC Energy changed the most hands and popped 2.33%, Suncor jumped 3.38% and Athabasca Oil soared 9.3%. In contrast, CIBC declined 1.08% and Canada Goose dove 4.32%.
Stockchase wishes you and your loved ones a very Merry Christmas!
📦 Amazon.com (AMZN-Q) +1.64%
🛢 Hess Corp. (HES-N) +4.72%
🛢 Halliburton Co (HAL-N) +4.13%
💉 Moderna (MRNA-Q) -4.42%
🚗 Tesla Motors Inc (TSLA-Q) -1.51%
🛢 TC Energy (TRP-T) +2.33%
🛢 Suncor Energy Inc (SU-T) +3.38%
🛢 Athabasca Oil Sands Corp (ATH-T) +9.3%
🏛 Canadian Imperial Bank of Commerce (CM-T) -1.08%
🧣 Canada Goose Holdings (GOOS-T) -4.32%
