Stocks edge down to end weak year
Markets ended 2022 in the red on a shortened session. The S&P finished -1.19% or -0.23% for the week, the Nasdaq -1.27% and -0.7% respectively, and the Dow -1.01% and -0.95%. The Dow was -9% for the year and the Nasdaq -33.5%.
Key movers on Fridaywere Amazon at -1.72%, Nvidia -1.42%, Carnival -1.49%, Etsy -3.7% while Take-Two Interactive gained 1.63%. The U.S. 10-year yield held around 3.879% while Bitcoin shed 0.5% to $16,500.
WTI rallied 1.77% to approach $80 and gave the TSX some lift. The Canadian index closed Friday -0.73% and -0.67% for the shortened week. Given the commodities boom, the TSX declined only 9% in 2022, faring better than the American indices. On Friday, Shaw Communications surged 9.31% and Rogers jumped 5.13% after the proposed merger cleared its latest legal hurdle. Athabasca Oil rose 3.86% though Shopify closed -1.75% and Capstone Copper -4%.
Farewell to 2022 and happy new year!
📦 Amazon.com (AMZN-Q) -1.72%
💾 Nvidia Corp (NVDA-Q) -1.42%
🚢 Carnival Corp. (CCL-N) -1.49%
🛍 Etsy Inc. (ETSY-Q) -3.7%
💾 Take-Two Interactive Softwar (TTWO-Q) +1.63%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.5%
📡 Shaw Communication (B) (SJR.B-T) +9.31%
📡 Rogers Communications (B) (RCI.B-T) +5.13%
🛢 Athabasca Oil Sands Corp (ATH-T) +3.86%
🛍 Shopify Inc. (SHOP-T) -1.75%
⛏ Capstone Copper Corp (CS-T) -4%
