After the close with Allan
The TSX made another record close after rising 164 points to 28,915 on Thursday. Bullish sentiment south of the border drove eight Canadian sectors higher, led by real estate and discretionary, while energy lagged the most. High flyers on Bay […]
The TSX rose 135 points to close at a new record high of 28,751. Strong gains in staples and tech led eight sectors higher, while energy led the laggards. Alimentation Couche-Tard reported a strong beat which sent its shares jumping […]
U.S. investors returned from summer holidays, wiped the sunblock from their eyes and sold. They were worried over inflation, Trump’s tariffs and interest rates. The first session after Labour Day saw the S&P close -0.72%, the Nasdaq -0.77% and the […]
Thanks to Trump’s tariffs, Canada’s GDP fell 1.6% annualized, worse than expected, while there was a drop in foreign investment, according to the latest data. Despite this news, the TSX rose 0.46% on Friday and 0.8% for the week. Though […]
The most-anticipated earnings report of the quarter landed with mixed trading. Nvidia reported a beat late Thursday, but soft guidance. NVDA shares see-sawed between green and red on Thursday until closing -0.79%. After a weak morning, the major U.S. indices […]
Bank earnings continued to roll in on Wednesday. Canada’s largest bank, Royal, reported a healthy beat and its shares jumped 5.08% to record highs. Financials and energy led eight sectors higher and the TSX up by 0.42%. Discretionary was among […]
It’s the end of August and the start of Canadian bank earnings season. Out of the gate Tuesday were the Bank of Nova Scotia, jumping 6.85%, and the Bank of Montreal, up 4.68%, after investors liked their latest quarters. Financials […]
The week started with the major indices returning part of Friday’s outsized gains, triggered by hopes that the U.S. Fed will cut interest rates in September. The S&P closed -0.43%, the Nasdaq -0.22%, the Dow -0.77% and the TSX -0.58%. […]
All week, markets awaited the latest comments from U.S. Fed Chair, Jerome Powell, about interest rates, and on Friday he hinted that he would cut rates next month. That suggestion was enough to trigger a strong rally in New York […]
A rare earnings miss by Walmart sank the giant retailer by 4.49% on Thursday and dragged the S&P down 0.4%. The Nasdaq and Dow both slid 0.34%, but the TSX rallied 0.63% or 176 points on the strength of materials […]
Tech’s slump continued to weaken U.S. markets on Wednesday as the Nasdaq sank 142 points or 0.67%. However, the S&P declined only 15 points and the Dow gained 16 to close just below 45,000. Major movers included Intel at -6.99%, […]
Some tech heavy-hitters suffered losses on Tuesday that led American markets down and pressured the TSX. Palantir closed -9.35%, AMD -5.44% and Nvidia -3.5% though Intel rallied 6.97% and Prologis 5.05%. The Nasdaq tumbled 1.46% while the S&P shed 0.59% […]
The trading week began with no resolution reached by Trump and Putin over peace talks last weekend. Meanwhile, the market is awaiting interest rate remarks by U.S. Fed Chair, Jerome Powell, slated for Friday. The two developments put investors on […]
It was a week of new record highs on the S&P, Nasdaq and the TSX, based on varying U.S. inflation data. However, markets were flat or slightly down on Friday, though still gained ground over the past week. The S&P […]
Right after tame U.S. consumer inflation data lifted markets earlier this wee, new wholesale inflation numbers reversed market sentiment on Thursday. July wholesale inflation came in at 3.3%, far higher than the expected 2.5% and diminishing hopes that the U.S. […]
The slightly tamer than expected U.S. inflation number released on Tuesday rippled across Asian markets overnight to push, for example, the Nikkei 1.3% and the Hang Seng 2.58% higher, then extended the rally in North America on Wednesday. The S&P […]
July’s CPI number came in at 2.7% compared to the expected 2.8%, though core inflation was 3.1% vs. the 3.0% estimate. Nonetheless, these figures sparked a rally on Wall and Bay streets, where investors now expected the U.S. Fed to […]
The TSX advanced 34 points or 0.12% on Monday, as healthcare led seven sectors higher. Energy and real estate were among the laggards. Bausch Health was the biggest gainer, soaring 16.14% as Constellation Software rallied 4.39% and Goeasy 2.98%. Meanwhile, […]
American indices shrugged off trade worries and recent weak data to climb on Friday and for the week. The S&P rose 0.78% on Friday, the Nasdaq advanced 0.98% and the Dow 0.47%. For the week, the S&P gained 2.4%, the […]
It was a very mixed Thursday as Trump’s latest tariffs pressured markets while earnings helped and hindered some names. Trump slapped new 15% tariffs on traditional trading partners, including the EU, South Korea and Japan. Even Switzerland was recently hit […]
Shopify reported an earnings beat and rosy guidance, which catapulted shares by 21.5% and lifted the TSX to another record close. The Canadian index jumped 1.27% or 35 points to 27,920, even though sectors were mixed. Outsized gains in tech […]
The TSX returned to business on Tuesday and ripped 2.03% or 549 points higher to a record close of 25,750. All 11 sectors rallied, led by materials, tech and health care. In fact, the biggest gainers were miners: Kinross Gold […]
With the TSX closed for a holiday, Wall Street was back in business on Monday and American shares bounced back after Friday’s sell-off. The S&P regained 1.447%, the Dow 1.34% and the Nasdaq 1.95%. Once more, Nvidia led the rally, […]
Trump slapped many of America’s trading partners with tariffs including its neighbour, Canada, at 35%. Also, U.S. jobless numbers came in worse than expected. U.S markets slid: S&P -1.5%, the Nasdaq -2.24% and the Dow -1.19%. All the indices slid […]
After reporting on late Wednesday strong earnings and upbeat forecasts, Mag 7 stalwarts Meta and Microsoft soared Thursday by 11.25% and 3.95% respectively. However, the Nasdaq itself sank 0.05% as did the S&P by 0.41% and the Dow by 0.8%. […]
