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TSX and tech’s big week

Melisa R. H. Posted On September 13, 2024
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Friday the 13th was lucky for the TSX which hit another new high after rising 0.4% on the strength of all but three sectors. Real estate and materials led while staples were modestly weak.

Major movers: CNQ -2.03%, B2Gold 2.62%, New Gold 7.44%, and Birchcliffe Energy -3.81%. WTI rose slightly to US$62.20 while gold added US$23 to US$2,580. The TSX gained 3.5% over the week.

On Wall Street, the major indices rose over half a percent on Friday but the S&P jumped 4%, the Nasdaq 6% and the Dow 2.6% for the week. Key names: Warner Brothers Discovery 10.54%, Etsy 7.56%,  Boeing -3.69%, Uber 6.45%, and Adobe -8.47% after beating top and bottom lines but issuing disappointing guidance. The U.S. 10-year yield slipped to 3.65% as Bitcoin jumped 2.7% to US$59,860.

🛢 Canadian Natural Rsrcs (CNQ-T) -2.03%

🥇 B2Gold Corp. (BTO-T) +2.62%

🥇 New Gold Inc. (NGD-T) +7.44%

🛢 Birchcliff Energy Ltd. (BIR-T) -3.81%

📺 Warner Bros. Discovery (WBD-Q) +10.54%

🛍 Etsy Inc. (ETSY-Q) +7.56%

🛫 Boeing (BA-N) -3.69%

🚕 Uber (UBER-N) +6.45%

💾 Adobe Systems (ADBE-Q) -8.47%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.7%

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