Friday and the week ended as a tale of two markets. A surge in oil prices, with WTI jumping nearly 4% to US$101.75, helped lift the TSX by 39 points on Friday and 3% for the week. In contrast, a sell-off in tech pushed the S&P down over 1%, the Nasdaq tumbling 2.15% and the Dow -0.34% on Friday, while the American indices closed the week -2%, -4.5% and up 0.67% for the week, respectively. Meanwhile, the U.S. 10-year yield actually stayed put just below 5.09%.<\/p>\n\n\n\n
Eight sectors rallied in Toronto, highlighted also by staples, while tech suffered the worst losses in names such as BlackBerry<\/a>, down 7.69%. Whitecap<\/a> surged 2.59%, International Petroleum<\/a> 4.41%, Enbridge<\/a> 2.35% and Strathcona Resources<\/a> 5.32%. In New York: Intel<\/a> -5.79%, Twilio<\/a> -10.62%, Super Micro Computer<\/a> -9.86%, Tesla<\/a> -2.13% and Diamondback Energy<\/a> 4.27%. Silver slipped by 0.75% to US$56.85 and gold gave back four dollars to US$4,167. Bitcoin<\/a> retreated 0.6% to US$81,500.<\/p>\n\n\n\n 📱 BlackBerry (BB.TO)<\/a> -7.69%<\/p>\n\n\n\n 🛢 Whitecap Resources (WCP.TO)<\/a> +2.59%<\/p>\n\n\n\n 🛢 International Petroleum Company (IPCO.TO)<\/a> +4.41%<\/p>\n\n\n\n 🛢 Enbridge (ENB.TO)<\/a> +2.35%<\/p>\n\n\n\n 🛢 Strathcona Resources (SCR.TO)<\/a> +5.32%<\/p>\n\n\n\n 💾 Intel (INTC)<\/a> -5.79%<\/p>\n\n\n\n 💾 Twilio Inc (TWLO)<\/a> -10.62%<\/p>\n\n\n\n 💾 Super Micro Computer (SMCI)<\/a> -9.86%<\/p>\n\n\n\n 🚗 Tesla Inc (TSLA)<\/a> -2.13%<\/p>\n\n\n\n