Stocks climb Friday to end positive week
A choppy week marked by raising yields and gasoline prices ended on a positive note with the TSX adding 1.47%, the S&P 0.59%, the Nasdaq 0.66% and the Dow 0.84%. For the week, the Canadian index rose by half a percent, while the Nasdaq outperformed it slightly, the Dow gained about 1% and the S&P over 1%. WTI held at US$91.55 as there is no end in sight to the U.S.-Iran war while the U.S. 10-year remained around 5.24%. In minerals, silver rallied 2.8% to US$60.70 and gold advanced 1.5% to US$4,195.
Materials as well as tech led eight TSX sectors higher, while telcos performed the worst, including BCE at -5.47% and Rogers -3.7%. Meanwhile, Aritzia delivered a blow-out quarter and surged 20.53%, Lundin Gold soared 10.51% and Teck Resources jumped 5.43%. On Wall Street, communications companies were hammered after Elon Musk threatened to compete through SpaceX: AT&T -10.82% and Verizon -10.14%. Elsewhere, Moderna soared 14.21% and Humana by 11.56%. Canadian markets will be closed Monday for Thanksgiving.
📱 BCE Inc. (BCE.TO) -5.47%
📡 Rogers Communications (B) (RCI.B.TO) -3.7%
👗 Aritzia Inc. (ATZ.TO) +20.53%
🥇 Lundin Gold Inc. (LUG.TO) +10.51%
⛏ Teck Resources Ltd. (B) (TECK.B.TO) +5.43%
📱 AT&T (T) -10.82%
📱 Verizon Communications (VZ) -10.14%
💉 Moderna (MRNA) +14.21%
👨⚕️ Humana Inc (HUM) +11.56%
