After the close with Allan
No dramatic moves, but markets in Toronto and New York continued to rise Wednesday. The TSX added 0.33% as several mining names rallied, including Equinox Gold by 4.92% and Calibre Mining by 7.66%. Also, Northwest Healthcare REIT rose 6.49% while […]
Tuesday saw the release of Canada’s July inflation print coming down to 2.5%. That’s the lowest rate since March 2021 and paves the way for the Bank of Canada to further cut interest rates in September. Despite the news, the […]
The TSX flirted with all-time highs Monday as it rose 0.27% and closed comfortably above 23,000. Enbridge was the most-active name, adding 0.7%, while Richelieu Hardware finished the session -2.35%, ARC Resources -2.21%, Silvercrest Metals 5.56% and Canada Goose 4.76%. […]
The indices in New York and Toronto edged up on Friday to finish the week higher. The past week’s weaker-than-inflation numbers in the U.S drove the rally. The three New York indices gained over 0.2% on Friday. While the Nasdaq […]
American markets extended their winning streak to six days while the TSX returned to 23,000 on Thursday’s rally. The S&P jumped 1.61%, the Nasdaq 2.34% and the Dow 1.39%. The 10-year yield stayed right below 4% while Nvidia was the […]
Wednesday saw the release of July’s consumer inflation print in the U.S. which reflected the four-straight month of declines. The numbers were modestly lower than what the street expected, reinforcing the belief that the U.S. Fed will cut interest rates […]
Tuesday morning saw the latest U.S. producers’ inflation print come in lower than expected, which sparked a broad rally in New York. Both the Nasdaq and Dow jumped over 400 points or 2.31% and 1.03% respectively, while the S&P rose […]
The trading week began with oil, gold and the TSX rising. The Canadian index added 0.33%, dominated by large gains in energy and minerals. Osisko Mining announced it was being bought out, and its shares rocketed nearly 63%. Meanwhile, Iamgold […]
The wild week ended on a calm note Friday as the New York and Toronto indices gained modestly. The TSX added 0.2% though sank 1.8% during the shortened trading week. Canadian unemployment remained unchanged in July. Minerals were among the […]
After losing further ground on Wednesday, markets in New York and Toronto finally rebounded from Monday’s rout. On Thursday, the S&P surged 2.29%, the Nasdaq 2.82% or over 400 points, and the Dow 1.73%. Semis led the gains with the […]
Despite an early rally, Wednesday markets in Toronto and New York failed to rally and closed on weakness. The S&P closed 5,200 and finished the session -0.77% lower as the Nasdaq performed -1.05% and the Dow -0.6%. The most-active names: […]
A day after the sharpest sell-off of the year (so far), the major U.S. indices stabilized by partially regaining some of the ground they lost on Monday. The Nasdaq rose 1.15%, the Dow 0.8% to 39,000 and the S&P 1.07%. […]
Though the TSX was closed Monday for a holiday, the rest of the world suffered steep losses in stocks, driven by fears of a U.S. recession or slowdown following weak employment data last Friday. Meanwhile, there was a report that […]
Markets in New York and Toronto extended Thursday’s losses after more weak U.S. economic data was released, this time a jobs report that showed hiring was slowing more than expected. Investors now fear that the U.S. Fed has kept interest […]
Following a sharp rally, Thursday’s markets pulled back after the latest U.S. economic data was released. From June to July, PMI manufacturing data decreased while jobless claims rose and fell further that estimated. Though markets did not close on weakness, […]
July ended with a bang as the TSX surged 1.28% to close at a record high of 23,116, and tech roared back after recent weakness. Canadian stocks filled trading screens with green on Wednesday and the month of July with […]
AI tech stocks, which have led markets this year, continued to slide Tuesday ahead of key earnings. Nvidia sank 7.13% in very active trading as the Nasdaq fell 1.24%. After the closing bell, Microsoft reported and tumbled more than 6%. […]
It was a quiet day on Bay and Wall streets with neither market making dramatic moves at the height of summer. The TSX shed 35 points as WTI sank 1.65% to US$75.85 a barrel, and gold slipped US$45 to US$2,382. […]
Markets in New York and Toronto rallied Friday but finished the week in the red or barely positive. On Friday, the S&P rose 1.12%, the Nasdaq 0.99% and the Dow 1.65%. However for the week those numbers were -0.83%, -2% […]
Following a sharp tech-led sell-off, Thursday’s session ended with the Dow advancing 0.38% to return to 40,000, but the S&P closed -0.32% and the Nasdaq -0.77%. Earnings were in the headlines with ServiceNow soaring 13.13%, but Ford tanking 18.14%. American […]
On Wednesday, U.S. markets tanked after heavyweights Alphabet and Tesla issued weak earnings. They closed -5.03% and -12.33% respectively as other Magnificent 7 names such as Meta finished -5.61% and Nvidia -6.8%. Among the few gainers was AT&T, rallying 5.22%. […]
Tuesday markets saw mild losses following days of dramatic moves. The TSX closed -0.18%, highlighted by weakness in energy as WTI declined 1.35% to US$77.35 a barrel. Royal Bank was the most active name at -0.85%. Other key movers: Baytex […]
After sliding last week, tech stocks rallied Monday, led by Nvidia which jumped 4.81%. ON Semiconductor rose 6.62% and Tesla 5.15%, but CrowdStrike sank 13.46%, even further than last Friday when the cybersecurity company caused the worst IT outage in […]
A faulty CrowdStrike software upgrade to Microsoft Windows unleashed havoc around the world Friday. It shut down banks, halted surgeries, paralyzed 911 emergency lines, knocked out financial companies, disrupted small businesses and governments alike, and cancelled over 4% of flights […]
Bay and Wall streets continued to sell off on Thursday to extend losses of the previous session. This time, though, the Dow ended its record-breaking winning streak and closed -1.29% while the S&P finished -0.78% and the Nasdaq -0.7%. The […]
