Stocks drift to end record week
Friday’s session saw lackluster movement in New York and Toronto after hitting record highs several times this week. The S&P was flat, the Nasdaq gave back 10 points while the Dow declined 0.32%. For the week, the Dow was flat, the S&P climbed 0.6% while the Nasdaq rose 1.5%.
Major movers for the day: Invesco soared 15.28%, Tesla rose 3.21%, Molina Healthcare tanked 10.41%, Elevance Health slid 8.38% and Netflix tumbled 5.1% on soft guidance. The U.S. 10-year yield slipped to 4.42% while Bitcoin sank US$2,200 to US$117,270.
In Toronto, the TSX closed -0.27% for the day, but rallied 1.1% over the week. Only three sectors gained as healthcare, industrials and discretionary suffered the deepest losses. Key names: Whitecap Resources 2.06%, Air Canada -2.42%, Canadian Pacific Kansas City -3.57%, Endeavour Silver -3.52% and Magna -2.92%. Gold added US$11to US$3,350 while WTI declined 0.27% to US$67.35
🏛 Invesco Ltd. (IVZ-N) +15.28%
🚗 Tesla Inc (TSLA-Q) +3.21%
👨⚕️ Molina Healthcare (MOH-N) +10.41%
👨⚕️ Elevance Health Inc (ELV-N) -8.38%
📺 Netflix Inc. (NFLX-Q) -5.1%
🛢 Whitecap Resources (WCP-T) +2.06%
🛫 Air Canada (AC-T) -2.42%
🚂 Canadian Pacific Rail (CP-T) -3.57%
🥈 Endeavour Silver Corp. (EDR-T) -3.52%
🚘 Magna Int’l. (A) (MG-T) -2.92%
