After the close with Allan
Amid a backdrop of rising yields, markets sank on Wednesday as key earnings and guidance disappointed. Most notably, Palo Alto reported and the street sold off the leading cybersecurity stock by nearly -28%. In turn, peers also sank, such as […]
Markets returned to business Tuesday after the long weekend on both sides of the border. Canadian inflation was down to 2.9% year-over-year in January, lower than the expected 3.1% and falling within the Bank of Canada’s target range. Despite the […]
On Friday, U.S. PPI, producers’ inflation, came in hotter than expected for January, up 0.3% instead of the expected 0.1% and higher than December’s -0.1% print. This triggered selling on Wall Street that accelerated into the close after a comeback […]
Thursday’s session saw more gains on Bay and Wall streets as stocks rallied beyond tech. The TSX rose 1.55% or 333 points after every sector gained except consumer discretionary. The biggest movers were in energy, financials and materials. Key names […]
On Wednesday, markets mostly recovered from Tuesday’s sharp sell-off. The S&P closed the session up 0.87% just shy of 5,000, the Nasdaq added 1.23%, and the Dow 0.32%. The U.S. 10-year yield held around 4.265% while Bitcoin surged nearly 4% […]
The recent rally ground to a halt Tuesday after January’s U.S. CPI print came in at 3.1% instead of the street’s forecast of 2.9%. Stocks sold off across the board in New York and Toronto, leaving the S&P -1.37% and […]
Monday saw the TSX rally 0.57% to remain above 21,000. Discretionary, energy and materials led the drive, while tech and industrials lagged. Notable names were Canada Goose flying 8.21%, Baytex 3.35%, Shopify -1.82%, Lithium Americas 6.88% and Aritzia -4.38%. WTI […]
Once more, tech lead American indices to new highs to cap the week. The S&P closed above 5,000 for the first time, the Nasdaq hit a new 52-week high just shy of 16,000 while the Dow declined 0.21%. For the […]
Thursday saw the TSX retreating 0.24% after more sectors than not edged down. Utilities and telcos led the laggards, while real estate and energy were among the gainers. Earnings, both positive and negative, made headlines. BCE reported a disappointing quarter […]
Wall Street rallied Wednesday while the TSX was flat, reversing roles from the day before. The S&P climbed 0.82% to make a new record high just shy of 5,000 while the Nasdaq added 0.95%, and the Dow added 0.4%. Despite […]
A day after Monday’s sell-off, the TSX rose 0.36% to nearly 21,000 as WTI crude added 1% to $73.50 a barrel. All sectors except tech rallied, led by consumer staples and industrials. Key movers were Manulife up 1.4%, Tilray 6.45%, […]
Markets on both sides of the border slid Monday on fears that central banks won’t cut interest rates as quickly as expected. The U.S. 10-year yield climbed to 4.166% as red filled trading screens. Investor sentiment wasn’t helped by McDonald’s […]
Meta reported a blow-out quarter after the bell Thursday and announced a surprise first-ever dividend, which sent shares rocketing Friday by 20.44%. The move overshadowed Amazon‘s own earnings and rally of nearly 8%, and helped lift the Wall Street indices. […]
After selling off following Jerome Powell’s comments the day before, markets rebounded Thursday to recover most of that lost ground. The S&P rallied 1.18% past 4,900, the Nasdaq 1.24% and the Dow 0.9%, all flirting with new highs. During the […]
The U.S. Fed delivered its much-anticipated press conference on Wednesday afternoon. Fed chief Jerome Powell surprised no one by holding interest rates, but disappointed some in dismissing a rate cut in March, as some had hoped. Markets climbed initially after […]
Though the TSX and Dow made fresh 52-week highs on Tuesdays, markets in Toronto and New York went basically sideways on Tuesday in mixed trading. Investors are waiting for U.S. Fed chief Jay Powell to make his interest rate announcement […]
On Monday, American markets scaled new highs on the eve of megatech names reporting. Meta and Microsoft notched record highs after rising 1.75% and 1.43% respectively a day before they report. Their performance helped lift the Nasdaq 1.04%. The S&P […]
After hittinh new highs this week, markets settled into a mixed session on Friday. The S&P closed -0.11%, the Nasdaw -0.39% and the Dow 0.6%. For the week, the indices rose 1% except the Dow which added 0.6%. Keys movere […]
On Thursday, Q4 U.S. GDP data handily beat expectations, clocking in at 3.3% instead of 2%. Core inflation for personal consumption rose 2% while the headline rate was 1.7%. The American economy was stronger than expected to end 2023 and […]
Netflix reported after the bell on Tuesday and shares soared Wednesday to close 10.47% higher. The optimism over the top streamer extended to other areas of tech as Microsoft touched US$3 trillion in market cap during the session and closed […]
The TSX climbed 0.46% Tuesday, surpassing gains made by the S&P at 0.31% and the Nasdaq of 0.44%. The S&P made another all-time high while the Nasdaq rose to a new 52-week high. All but two sectors on Bay Street […]
While the TSX added only 17 points Monday to remain under 21,000, tech continued to fuel the American stock market. Though the major indices were off their session highs, both the S&P and Dow closed at all-times. The S&P added […]
The weekend began bearish but ended bullish as ongoing strength in tech led the three U.S. indices to new 52-week highs. The Nasdaq rallied another 1.59% on Friday and rose 2.28% for the week. The S&P climbed 1.16% during the […]
Tech lifted markets, American especially, on Thursday to end their recent slump. The S&P rose 0.88% to nearly 4,800, the Nasdaq jumped 1.35% past 15,000, and the Dow added 0.54%. After enduring recent downgrades, Apple received a major upgrade and […]
Bay and Wall streets, already wrestling with mixed inflation data in Canada and the U.S. also contended with weak economic from China. Such worries drove down North American markets on Wednesday. The Chinese real estate market continues to slump, which […]
