Friday saw the June U.S. unemployment rate rise to 4.1% which was lower than the expected 4.0% and fueled hopes that the Fed will cut interest rates. The data pushed the U.S. 10-year yield down to 4.27% but lifted the S&P by 0.54% and the Nasdaq 0.9% to new record highs. The Dow advanced 0.17%. For the week, the S&P rose 1.5%, the Nasdaq nearly twice as much and the Dow 0.5%. <\/p>\n\n\n\n
Once more, tech led gains with Meta<\/a> jumping 5.87% to its own new highs, Tesla<\/a> up 2.08%, Apple<\/a> 2.16% to fresh highs, though Nvidia<\/a> slid 1.91% and Southwest Airlines<\/a> sank 5.714%. Also, Bitcoin<\/a> slipped 0.8% to US$56,500.<\/p>\n\n\n\n The TSX continued to lag as the Canadian index gained only 0.8% for the week and shed 0.83% on Friday. Materials was the only sector in the green as energy, industrials and financials suffered the heaviest losses. TD<\/a> traded the most hands and shed 0.83%, TC Energy<\/a> sank 1.21% and Power<\/a> lost 2.4%. In energy, CNQ<\/a> declined 1.55% and Baytex<\/a> slipped 2.03%. Gold rose US$29 to US$2,400 while WTI declined early 1% to US$83.15.<\/p>\n\n\n\n 🕵️♂️ Meta Platforms Inc \/ Facebook\u00a0(META-Q)<\/a> +5.87%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> +2.08%<\/p>\n\n\n\n 🍎 Apple Inc\u00a0(AAPL-Q)<\/a> +2.16%<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -1.91%<\/p>\n\n\n\n 🛫 Southwest Airlines\u00a0(LUV-N)<\/a> -5.714%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.8%<\/p>\n\n\n\n 🏛 Toronto Dominion\u00a0(TD-T)<\/a> -0.83%<\/p>\n\n\n\n 🛢 TC Energy\u00a0(TRP-T)<\/a> -1.21%<\/p>\n\n\n\n 🛢 Power Corp\u00a0(POW-T)<\/a> -2.4%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -1.55%<\/p>\n\n\n\n