TSX gains, Wall Street lags in first week

Allan Tong Posted On January 3, 2025

Markets in New York as well as Toronto rallied Friday, but the three major American indices finished the week in the red. The TSX added 0.7% or 170 points for the session, advancing nearly 1% for the week. Real estate, telcos and tech led nearly all sectors up, while only healthcare lagged slightly.

Major movers: Aritzia 7.14%, Celestica 4.25%, TD 1.67% as the most-traded name, Nutrien 3.65% and Telus 1.43%. Gold slipped US$20 to US$2,637 while WTI added 1.2% to US$74.

On Friday, the S&P rallied 1.26%, the Nasdaq 1.77% and the Dow 0.8% to snap recent weakness, but all three indices declined for the week. The Nasdaq fared the worst, down 2%. Once more, tech lead the way upwards: Super Micro Computer 10.92%, Nvidia 4.45%, Palantir 6.25% and Tesla 8.22%. Meanwhile, Vistra rose 8.49%. The U.S. 10-year yield edged up to nearly 4.6% by the close while Bitcoin regained another 1.15% to US$98,235.

👗 Aritzia Inc. (ATZ-T) +7.14%

🧬 Celestica Inc (CLS-T) +4.25%

🏛 Toronto Dominion (TD-T) +1.67%

🌿 Nutrien Ltd. (NTR-T) +3.65%

📱 Telus Corp (T-T) +1.43%

💾 Super Micro Computer (SMCI-Q) +10.92%

💾 NVIDIA Corporation (NVDA-Q) +4.45%

💾 Palantir Technologies (PLTR-N) +6.25%

🚗 Tesla Inc (TSLA-Q) +8.22

💡 Vistra (VST-N) +8.49%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.15%