Markets slump

Stocks in New York and Toronto sold off Thursday, a day after rallying. The TSX shed nearly 1% as only consumer discretionary gained. Materials and energy led the laggards. Most-influential were CNQ at -2.26%, Cenovus -1.01% and Telus -2.51%. Other […]

Bitcoin tops $100K, but stocks weak

Early in Thursday’s session, Bitcoin topped US$100,000, though ended the day below that milestone. The crypto outperformed the U.S. indices, however. The S&P ended the session -0.2%, the Dow -0.57% and the Nasdaq -0.21%. Major movers included Intel at -5.17%, […]

Stocks sink for the day and week

Allan Tong Posted On April 12, 2024

Markets on Bay and Wall streets ended the trading week on a dour note as the TSX sank 1.65%. For Friday, the TSX slipped almost 1% as all sectors declined, led by staples, materials and utilities.

TD was the msot-traded name after it closed -0.97%. CNQ finished -1.73%, MTY Food Group -9.93% and First Majestic Silver -4.78%. After a record-breaking week, gold gave back a little on Friday to hover around US $2,345. WTI climbed around 0.6% to $85.50, fueled by geopolitical tensions between Israel and Iran.

Those fears helped push the major American indices down by 1.5%, particularly the Nasdaq which shed 1.65%. For the week, though, the Nasdaq performed -0.68%, the S&P -1.7% and the Dow -2.4%. After a week of mixed inflation data, the U.S. 10-year yield edged down to 4.52%. Apple continued to rebound as it gained 0.89% as the most-traded name. Intel came in at -5.28%, AMD -4.26%, Zoetis -7.84% and Arista networks -8.55%. Bitcoin sank nearly 4% to $67,300.

🏛 Toronto Dominion (TD-T) -0.97%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.73%

🍛 MTY Food Group (MTY-T) -9.93%

🥈 First Majestic Silver (FR-T) -4.78%

🍎 Apple Inc (AAPL-Q) +0.89%

💾 Intel (INTC-Q) -5.28%

💾 Advanced Micro Devices (AMD-Q) -4.26%

💊 Zoetis Inc (ZTS-N) -7.84%

💾 Arista Networks (ANET-N) -8.55%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -4%