The U.S. 10-year yield crossed 5% on Friday though closed below that mark to end a bearish session and negative week. Stocks were down across the board in New York and Toronto as yields, the Israel-Hamas war and Washington’s failure to vote in a House speaker created a wall of worry for investors.<\/p>\n\n\n\n
On Friday, the S&P closed -1.26%, the Nasdaq -1.53%, and the Dow -0.86%. Performances over the week ranged from -1.5% for the Nasdaq, tipping it below 13,000 to -2.7% for the S&P. Notable names for the session included Tesla<\/a> at -3.69%, Amazon<\/a> -2.52%, Bank of America<\/a> -2.41% and American Airlines<\/a> at -3.23%. In contrast, Bitcoin<\/a> continued to rally, popping 3% to nearly $30,000.<\/p>\n\n\n\n The TSX finished the day -1.21% and -2% for the week. All sectors were in the red, especially financials, real estate and utilities. Major movers were Royal Bank<\/a> at -1.79%, Manulife<\/a> -2.25%, Algonquin Power<\/a> -2.69%, Dye & Durham<\/a> -8.21%, though Osisko Mining<\/a> climbed 3.13%. WTI slipped 0.7% to $88.75 a barrel.<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -3-69%<\/p>\n\n\n\n 📦 Amazon.com, Inc.\u00a0(AMZN-Q)<\/a> -2.52%<\/p>\n\n\n\n 🏛 Bank of America\u00a0(BAC-N)<\/a> -2.41%<\/p>\n\n\n\n 🛫 American Airlines Group\u00a0(AAL-Q)<\/a> -3.23%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +3%<\/p>\n\n\n\n 🏛 Royal Bank\u00a0(RY-T)<\/a> -1.79%<\/p>\n\n\n\n 🏛 Manulife Financial\u00a0(MFC-T)<\/a> -2.25%<\/p>\n\n\n\n 💡 Algonquin Power & Utilities Corp\u00a0(AQN-T)<\/a> -2.69%<\/p>\n\n\n\n