Stocks pop, but down during tariff week

Friday saw markets bounce, but not enough to lift the NYSE and TSX out of the red for the week. Trump tariffs were to blame for deep selling earlier this week which saw the S&P correct. Despite onerous levies on Canadian goods, namely steel and aluminum, the TSX out-performed its American counterparts, down only 0.83% for the week after adding 1.45% on Friday. All sectors but telcos rallied. Tech, financials and industrials were the strongest.

Notable were NFI Group soaring 20.79%, Mattr 15.16%, CNQ 1.98%, Goeasy 5.6% and Brookfield 3.18%. Gold hit US$3,000 early in the session and settled at US$2,983 by the close. Meanwhile, WTI climbed 1% to US$67.20. Canadian officials continue to talk tariffs in Washington while the G7 meet in Charlevoix, Quebec to ease escalating trade tensions. Meanwhile, Mark Carney was sworn in as the new Prime Minister.

In New York, the S&P rebounded 2.13%, the Nasdaq 2.61% and the Dow 1.65%. However, the S&P and Nasdaq lost nearly 2.5% for the week and the Dow sank more than 3%. Major movers: Nvidia up 5.27%, Palantir 8.31%, Ulta Beauty 13.68%, Crown Castle 8.55% and Adobe recovered 4.47% after yesterday’s drubbing. The U.S. 10-year yield inched up to 4.32% while Bitcoin popped 4.65% to more than $84,000.

⚙ NFI Group Inc (NFi-T) +20.79%

⚙ MATTR CORP (MATR-T) +15.16%

🛢 Canadian Natural Rsrcs (CNQ-T) +1.98%

🏛 goeasy (GSY-T) +5.6%

🏛 Brookfield Asset Management (BAM-T) +3.18%

💾 NVIDIA Corporation (NVDA-Q) +5.27%

💾 Palantir Technologies (PLTR-Q) +8.31%

💄 Ulta Salon Cosmetics and Fragrance Inc. (ULTA-Q) +13.68%

🏛 Crown Castle International (CCI-N) +8.55%

💾 Adobe Systems (ADBE-Q) +4.47%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +4.65%