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Home » Daily

TSX flat, but Wall Street slips

Allan Tong Posted On December 17, 2021
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Investors south of the border strapped on their seat belts Friday as stocks went on a volatile ride. The Nasdaq plunged below 15,000 in early trading as tech continued to get beaten, but then see-sawed between positive and negative before closing closed flat (shedding 10 points). That didn’t save the Nasdaq from retreating 3% for the week. The S&P slipped over 1% as the Dow fell 1.48% as these indices also lost ground for the week.

Financials, industrials, health and energy sank on Wall Street. Losing ground: Goldman Sachs at -3.92%, Western Union -6%, Chevron -2.61% and Walmart -3.2%. Perhaps surprisingly amid current Omicron fears was that travel and leisure names rebounded Friday. Live Nation surged 3.57% and Royal Caribbean jumped 5.25%. Not only that but the so-called lockdown winners soared: Zoom zoomed 9.51% and Peloton raced 6.63%. Meanwhile, FedEx delivered a blow-out quarter and forecast and rallied nearly 5%, while Moderna climbed 4.53%. The U.S. 10-year, though, ticked down to 1.41% while Bitcoin shed 4% to $46,000.

Once more, things were calmer in Canada where the TSX closed exactly flat at 20,739 and was down 0.7% for the week. Real estate, telcos and tech rallied while energy sagged. Changing the most hands were Baytex, down 2.79% and Tamarack Valley, slipping 2.77%. Other oil names also fell as crude oil WTI declined to $70 a barrel and WCS to around $55.50. However, Bombardier rallied 5.88%, weed names Organigram and Canopy both jumped 6% and Blackberry advanced 5.18%.

🏛 Goldman Sachs (GS-N) -3.92%
🏛 Western Union Co. (WU-N) -6%
🛢 Chevron Texaco (CVX-N) -2.61%
🛒 Walmart Inc (WMT-N) -3.2%
🎟 Live Nation Entertainment Inc. (LYV-N) +3.57%
🚢 Royal Caribbean Cruises (RCL-N) +5.25%
📹 Zoom Video Communications Inc. (ZM-Q) +9.51%
🚲 Peloton Interactive (PTON-Q) +6.63%
📦 FedEx (FDX-N) +5%
💉 Moderna (MRNA-Q) +4.53%
🅱 Bitcoin Cash (CRYPTO:BCH) -4%
🛢 Baytex Energy Corp (BTE-T) -2.79%
🛢 Tamarack Valley Energy (TVE-T) -2.77%
🚂 Bombardier Inc (B) (BBD.B-T) +5.88%
🌿 OrganiGram Holdings Inc. (OGI-T) +6%
🌿 Canopy Growth Corp. (WEED-T) +6%
📱 BlackBerry (BB-T) +5.18%

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