Tech extends rally to new highs
The weekend began bearish but ended bullish as ongoing strength in tech led the three U.S. indices to new 52-week highs. The Nasdaq rallied another 1.59% on Friday and rose 2.28% for the week. The S&P climbed 1.16% during the session and nearly that much for the week to make an all-time high, while the Dow added about 1% on Friday and 0.41% during the shortened trading week.
AMD rallied 6.69% and Apple 1.58% as the two most-traded names, but Microsoft rose 1.22% to make an all-time high of $398.67. Elsewhere, Dollar General sank 2.81%. The 10-year yield held around 4.14%. Bitcoin crept up to $41,600.
The TSX continued to tread water, declining 0.4% for the week but rose 0.71% on Friday. Only three sectors lagged, notably staples, while real estate, financials and tech led the rally. Blackstone announced it was buying Tricon Residential whose shares soared 27.3%. Celestica added 7.62% and Royal Bank 0.97%. Birchcliff Energy closed -5.36%. WTI crude slipped 0.25% to $73.80.
💾 Advanced Micro Devices (AMD-Q) +6.69%
🍎 Apple Inc (AAPL-Q) +1.58%
Ⓜ Microsoft Corp (MSFT-Q) +1.22%
🛒 Dollar General Corp. (DG-N) -2.81%
🏛 Tricon Residential (TCN-T) +27.3%
🧬 Celestica Inc (CLS-T) +7.62%
🏛 Royal Bank (RY-T) +0.97%
🛢 Birchcliff Energy Ltd. (BIR-T) -5.36%
