Stocks up Friday, down for the week
Markets ended the week mildly down, but slightly up on Friday. Though the Nasdaq was flat for the session, the major indices on Bay and Wall Streets rose half a percent. Losses earlier in the week dragged the Nasdaq down 1.5% for the week as the S&P slipped nearly 1% in that time and the TSX retreated 0.38% though hovered right below 20,000.
Most sectors were positive on Bay Street, led by consumer discretionary while energy slightly lagged. Crude oil continued to struggle, down 1.5% to $80 a barrel.
Major movers included Cronos, popping 6.62%, Pan American Silver up 3.55% while Canopy Growth closed -9.32% and Shopify was -2.47%. On Wall Street, Ross Stores soared nearly 10% on earnings while Tesla closed -1.68% as the most-traded stock. Cisco added 2.58% and General Motors 2.92%, but Live Nation plunged 7.64% after the New York Times reported that the Department of Justice may be launching an anti-trust investigation (long overdue, some say), triggered by Ticketmaster crashing because it could not handle the demand for Taylor Swift tickets. Bitcoin fared better, slipping 0.2% to $16,600 while the U.S. 10-year yield inched up to 3.823%.
🌿 Cronos Group Inc (CRON-T) +6.62%
🥈 Pan American Silver (PAAS-T) +3.55%
🌿 Canopy Growth Corp. (WEED-T) -9.32%
🛍 Shopify Inc. (SHOP-T) -2.47%
🛍 Ross Stores Inc. (ROST-Q) +10%
🚗 Tesla Motors Inc (TSLA-Q) -1.68%
🧬 Cisco (CSCO-Q) +2.58%
🚘 General Motors Corporation (GM-N) +2.92%
🎟 Live Nation Entertainment Inc. (LYV-N) -7.64%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.2%
