Stocks up Friday, down for the week
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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%