Stocks rally to end rocky week
The TSX advanced 1% on Friday and closed the week a few points higher while the American indices rallied 1.3% to offset losses for the week. The Nasdaq shed 6% over the past five sessions while the S&P slid nearly 3%. In Toronto, most of the sectors were positive Friday, led by materials and financials, while info tech suffered losses.
On Wall Street, materials were especially strong. Major movers here included Nike, jumping nearly 6%, and Starbucks delivering a 8.48% gain. However, Warner Bros. Discovery sank 12.87%, Crowdstrike slid 9.87% and Tesla sank 3.84% as its controversial CEO, Elon Musk, now faces a class-action lawsuit by fired employees of his new acquisition, Twitter. Elsewhere, the U.S. 10-year climbed to 4.175% and Bitcoin rose 4% to nearly $21,000.
🥇 Yamana Gold Inc. (YRI-T) +18%
🥇 Equinox Gold (EQX-T) +18%
🥇 Barrick Gold (ABX-T) +6.4%
⛏ Hudbay Minerals Inc. (HBM-T) +16.18%
🛢 Baytex Energy Corp (BTE-T) -2.55%
🛢 Parex Resources Inc. (PXT-T) -7%
👟 Nike Inc (NKE-N) +6%
☕ Starbucks (SBUX-Q) +8.48%
📺 Warner Bros. Discovery (WBD-Q) -12.87%
💾 CrowdStrike Holdings (CRWD-Q) -9.87%
🚗 Tesla Motors Inc (TSLA-Q) -3.84%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +4%