American and Canadian markets ended the week higher overall, with the Dow cracking 44,000 for the first time after gaining 0.63% on Friday. The index advanced 4.6% for the week, just like the S&P which climbed 0.4% for the session and surpassed 6,000 briefly. Meanwhile, the Nasdaq was flat for the day but jumped 5.75% over the week. Traditionally, American markets rally after presidential elections. <\/p>\n\n\n\n
Wall Street’s major movers on Friday: Fortinet<\/a> 9.88%, Palantir<\/a> 4.46%, Tesla<\/a> 8.07%, Airbnb<\/a> -8.59% and Super Micro Computer<\/a> -3.83%. The U.S. 10-year yield edged down to 4.3% while Bitcoin<\/a> crept 1% higher to $76,700 and approached all-time highs.<\/p>\n\n\n\n In contrast, materials and energy led most TSX sectors down as the Canadian index closed -0.36% on Friday but rose 2% for the week. Utilities were among the four sectors which rallied. Earnings were influential on some major movers. Telus<\/a> reported a beat and dividend raise, and its shares jumped 3.76% and helped lift BCE<\/a> 1.41%. Elsewhere, Baytex<\/a> closed the session -3.71%, Air Canada<\/a> -2.59% though Jamieson Wellness<\/a> popped 5.76%. Gold dipped US$21 to US$2,685 while WTI sank 2.7% to US$70.40.<\/p>\n\n\n\n 💻 Fortinet Inc\u00a0(FTNT-Q)<\/a> +9.88%<\/p>\n\n\n\n 💾 Palantir Technologies\u00a0(PLTR-N)<\/a> +4.46%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> +8.07%<\/p>\n\n\n\n 🧳 Airbnb\u00a0(ABNB-Q)<\/a> -8.59%<\/p>\n\n\n\n 💾 Super Micro Computer\u00a0(SMCI-Q)<\/a> -3.83%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:B<\/a>TC) +1%<\/p>\n\n\n\n 📱 Telus Corp\u00a0(T-T)<\/a> +3.76%<\/p>\n\n\n\n 📱 BCE Inc.\u00a0(BCE-T)<\/a> +1.41%<\/p>\n\n\n\n 🛢 Baytex Energy Corp\u00a0(BTE-T)<\/a> -3.71%<\/p>\n\n\n\n