On Friday, U.S. PPI, producers’ inflation, came in hotter than expected for January, up 0.3% instead of the expected 0.1% and higher than December’s -0.1% print. This triggered selling on Wall Street that accelerated into the close after a comeback attempt. The S&P closed Friday -0.48% and about that much for the week, the Nasdaq -0.82% and -1.34% respectively, and the Dow -0.37% and -0.11%. The U.S. 10-year yield edged up slightly to 4.283% as Bitcoin held right below $52,000. <\/p>\n\n\n\n
Key names were Alphabet<\/a> (A class) at -1.58%, AMD<\/a> -1.63%, Applied Materials<\/a> rallying 6.35%, Dollar General<\/a> 4.78% and Digital Realty Trust<\/a> -8.34%.<\/p>\n\n\n\n Canadian stocks fared better as the TSX advanced 0.14% for the session to 21,252 and 1.17% for the week. All but three sectors rallied as materials and telcos rallied the furthest and tech sank the most. Major gainers on Bay Street included Enbridge<\/a> up 1.42%, Ero Copper<\/a> 7.76% and Capstone Copper<\/a> 5.23%. However, Air Canada<\/a> closed -6.54% and Nuvei<\/a> -5.86%.<\/p>\n\n\n\n 🧮 Alphabet Inc\u00a0(GOOG-Q)<\/a> -1.58%<\/p>\n\n\n\n 💾 Advanced Micro Devices\u00a0(AMD-Q)<\/a> -1.63%<\/p>\n\n\n\n ⚙ Applied Materials\u00a0(AMAT-Q)<\/a> +6.35%<\/p>\n\n\n\n 🛒 Dollar General Corp.\u00a0(DG-N)<\/a> +4.78%<\/p>\n\n\n\n 🏛 Digital Realty Trust\u00a0(DLR-N)<\/a> -8.34%<\/p>\n\n\n\n 🛢 Enbridge\u00a0(ENB-T)<\/a> +1.42%<\/p>\n\n\n\n ⛏ Ero Copper Corp\u00a0(ERO-N)<\/a> +7.76%<\/p>\n\n\n\n ⛏ Capstone Copper Corp\u00a0(CS-T)<\/a> +5.23%<\/p>\n\n\n\n