Stocks in New York and Toronto turned higher Friday to end one of the most volatile weeks in history. Markets rallied despite China raising tariffs on U.S. goods to 125% and Trump increasing American levies against China to 145%, effectively an embargo, to escalate an already tense trade war. Meanwhile, U.S. consumer sentiment clocked in lower than expected while the expected level of inflation jumped to levels last seen since the recession of 1981. Despite all the gloom, the S&P rose 1.81% on Friday, the Dow 1.56% to return above 40,000, and the Nasdaq 2.06%. For the week, the S&P and Dow both gained 5% or more while the Nasdaq advanced 7.29%. <\/p>\n\n\n\n
Key names were Nvidia<\/a> up 3.12%, Apple<\/a> 4.06%, AMD<\/a> 5.3%, Monolithic Power<\/a> 9.99% and Newmont<\/a> 7.91%. The U.S. 10-year yield also rose, up to 4.491%, as Bitcoin<\/a> surged nearly 5% to US$83,770.<\/p>\n\n\n\n Though the TSX climbed only 1.7% for the week, it did pop 2.52% on Friday as all sectors gained. Materials, energy and staples led. Major movers: CNQ<\/a> up 3.03%, TC Energy<\/a> 3.67%, Kinross Gold<\/a> 4.13%, Barrick Gold<\/a> 6.43% and TD<\/a> 2.34%. Investors continued to flock to gold which rallied US$52 to another record high of US$3,235. WTI gained some ground, up US$1.50 to US$61.55.<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +3.12%<\/p>\n\n\n\n 🍎 Apple Inc\u00a0(AAPL-Q)<\/a> +4.06%<\/p>\n\n\n\n 💾 Advanced Micro Devices\u00a0(AMD-Q)<\/a> +5.3%<\/p>\n\n\n\n 🧬 Monolithic Power Systems\u00a0(MPWR-Q)<\/a> +9.99%<\/p>\n\n\n\n ⛏ Newmont Mining (US)\u00a0(NEM-N)<\/a> +7.91%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +5%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> +3.03%<\/p>\n\n\n\n 🛢 TC Energy\u00a0(TRP-T)<\/a> +3.67%<\/p>\n\n\n\n 🥇 Kinross Gold\u00a0(K-T)<\/a> +4.13%<\/p>\n\n\n\n