TSX and Dow make record highs

The week ended with investors seeing green in Toronto as well as New York. The TSX made yet another record close after rising 0.67% Friday to 22,695. The Canadian index finished nearly 3% higher for the week.

The most influential names were TD up 0.82%, CNQ -1.28% and Barrick Gold 2.06%. Elsewhere, Aritzia soared 14.82% and Spin Master jumped 5.92%. Gold declined a modest US$4 to US$2,411, while WTI crude slipped 0.5% to US$82.20.

Wall Street, too, saw more records broken on Friday as the Dow topped 40,000 and the S&P breached an intraday high. They both rallied over 0.6% for the day, and the Nasdaq nearly as much. For the week, the Dow rose 1.6%, the S&P about 0.9% and the Nasdaq less than 0.3%. Most influential were Nvidia by 1.51%, Tesla 3.14% and Apple 1.28%. Friday saw American bank earnings and those stocks sliding, such as Wells Fargo down over 6%. Meanwhile, Ford gained 4.34%. Lifting sentiment the past week were light inflation numbers and dovish comments made by the U.S. Fed’s Jerome Powell, which increased hopes of a rate cut in September.

🏛 Toronto Dominion (TD-T) +0.82%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.28%

🥇 Barrick Gold (ABX-T) +2.06%

👗 Aritzia Inc. (ATZ-T) +14.82%

🧸 Spin Master Corp (TOY-T) +5.92%

💾 NVIDIA Corporation (NVDA-Q) +1.51%

🚗 Tesla Inc (TSLA-Q) +3.14%

🍎 Apple Inc (AAPL-Q) +1.28%

🏛 Wells Fargo (WFC-N) -6%

🚘 Ford Motor (F-N) +4.34%