U.S. inflation in February topped 2.8%, higher than the expected 2.7% while consumer spending rose by 0.4% that month, short of the 0.5% forecast. The numbers rattled markets, stoking fears of stagflation, and sent stocks tumbling. By Friday’s end the S&P stood at -1.97%, the Nasdaq -2.7% and the Dow -1.69%. The S&P and Dow would have been positive for the week, if not for Friday, while the Nasdaq fared the worse, down 2.59%. <\/p>\n\n\n\n
Major movers on Friday: Nvidia<\/a> -1.58%, Tesla<\/a> -3.51%, Amazon<\/a> -4.29%, Alphabet (A)<\/a> -4.88% and Lululemon<\/a> -14.19%. The U.S. 10-year yield edged down to 4.249% while Bitcoin<\/a> sank nearly 4% to US$83,875.<\/p>\n\n\n\n The TSX didn’t escape the selling, shedding 1.6% on Friday though only -0.84% for the week. Gold’s continuing record-breaking performance help the Canadian index as the shiny rock rose US$25 to US$3,082. WTI, though, slid more than 1.1% to US$69.15. Only two sectors, including utilities, saw any gains, while tech, healthcare, discretionary and industrials led the sell-off. Key names: Jamieson Wellness<\/a> 3.63%, CNQ<\/a> -1.24%, CIBC<\/a> -1.98%, Aya Gold & Silver<\/a> -15.76% and B2Gold<\/a> -8.59%. On the tariff front: Prime Minister Carney spoke to Trump by phone, and both reported a positive meeting. However, all eyes remain on the next phase of tariffs due to land on April 2.<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -1.58%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -3.51%<\/p>\n\n\n\n 📦 Amazon.com, Inc.\u00a0(AMZN-Q)<\/a> -4.29%<\/p>\n\n\n\n 🧮 Alphabet Inc\u00a0(GOOG-Q)<\/a> -4.88%<\/p>\n\n\n\n 🛍 LuLulemon Athletica (US)\u00a0(LULU-Q)<\/a> -14.19%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -4%<\/p>\n\n\n\n 💊 Jamieson Wellness\u00a0(JWEL-T)<\/a> +3.63%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -1.24%<\/p>\n\n\n\n 🏛 Canadian Imperial Bank of Commerce\u00a0(CM-T)<\/a> -1.98%<\/p>\n\n\n\n