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U.S. economic data on Wednesday triggered a convincing rally led by tech. The ISM Services PMI hit 56.7% in July in a surprise jump from June’s 55.3%, indicating that supply chain slowdowns are easing. Also, the St. Louis Fed said […]

Nancy Pelosi’s visit to Taiwan and China’s announcement of missile tests rattled markets on Tuesday and pressured stocks. The TSX shed nearly 1% and finished weak. Similarly in New York, the S&P closed -0.66%, the Nasdaq -0.16% and the Dow […]

With the TSX closed for the holidays, the American indices saw a choppy session to usher in August on Monday. The indices closed down by 0.14% to 0.28% with oil weighing down the most. Financials were also weak, though consumer […]

Friday saw stocks extend gains of recent days to end a positive week and month. The TSX rose 1.31% for the day or 3.7% for the week and slightly more in July. Meanwhile, the S&P closed on Friday up 1.42%, […]

After initial weakness, Thursday’s markets in Toronto and New York climbed and stayed positive throughout the session to extend Wednesday’s gains. Dovish comments by the U.S. Fed’s Jay Powell triggered a surge in stocks late Wednesday. On Thursday, the New […]

Wednesday markets soared on the latest announcement by U.S. Fed chair, Jay Powell, and more earnings reports by big tech stocks. As expected, Powell hiked U.S. rates by 75 basis points and unsurprisingly declared that the next hike will be […]

Tuesday was a rough day for retail stocks, both brick-and-mortar and e-commerce, and pressured stocks in Toronto and New York. Walmart announced downbeat guidance for the rest of the year by lowering its profit outlook, blaming rising food and gas […]

The week began in a relatively quiet tone as investors, particularly on Wall Street, await key earnings and the U.S. Fed’s next interest rate announcement later this week. The S&P closed up 0.13%, the Nasdaq -0.43% and the Dow 0.28% […]

Stocks drifted south on Friday, but still ended the week positive. The S&P closed -0.93% but rose around 2.5% for the week. The Nasdaq finished -1.87% but has climbed 7% so far this month. Meanwhile, the Dow closed -0.43% but […]

U.S. earnings continued to fuel this week’s rally even as oil fell on Thursday. Closing on strength, the S&P rose nearly 1%, the Dow half that and the Nasdaq 1.36%. Energy lagged while tech thrived. Tesla released earnings the day […]

Wednesday’s markets began tentatively but eventually extended Tuesday’s rally amid key U.S. earnings. In New York, the S&P was up 0.59%, the Nasdaq 1.58 and the Dow 0.16%. Tech and consumer discretionary fueled the surge while healthcare and utilities lagged. […]

Markets on Tuesday marched higher to the drumbeat of strong U.S. earnings. In New York, the S&P rallied 2.76%, the Nasdaq 3.11% and the Dow 2.43%. Halliburton jumped 2.11% after its report. After the bell, Netflix (one of the S&P’s […]

A rebound in crude oil helped lift the TSX by 1.1% on Monday. WTI soared $4.50 to $102 and WCS jumped $2.30 to nearly $79. Most sectors were in the green except consumer staples which lagged. Big gainers were Canopy […]

Markets in Toronto and New York rebounded convincingly Friday to lessen the week’s losses. Led by financials and healthcare, Wall Street saw the S&P close 1.91% (as all 11 sectors rallied), the Nasdaq 1.7% (down 0.63% for the week) and […]

Wednesday’s higher than expected CPI number continued to pressure markets Thursday while financials and energy hampered the TSX. However, the major indices rallied towards the end to finish well into session highs. In New York, the S&P closed -0.3%, the […]

It was a wild Wednesday on the markets after the Bank of Canada hiked interest rates by a full percentage point and U.S. inflation (CPI date) came in hotter than expected. Stocks rose, slid and nearly recovered during the session. […]

Recession gloom continued to grip Wall and Bay streets Tuesday as stocks continued to sink, despite briefly going green during the day. The S&P finished -0.92% with all 11 sectors in the red red, the Nasdaq -0.95% and the Dow […]

Monday stocks sank on recurring inflation fears. In New York, the S&P closed -1.15%, the Nasdaq -2.26% and the Dow -0.52%. Only utilities and real estate gained while the other nine sectors on the S&P slipped. Elon Musk grabbed headlines […]

Investors were feeling optimist Thursday of inflation easing, a day ahead of the U.S. releasing crucial unemployment numbers. On Wall Street, the S&P climbed 1.49%, the Nasdaq 2.28% and the Dow 1.12% while WTI crude jumped 3.7% past $102. Energy […]

On Wednesday, American stocks rose modestly after the U.S. Fed’s minutes were released mid-afternoon stating that the Fed will make outsize interest rate hikes to battle hot inflation. The S&P added 0.36%, the Nasdaq 0.35% and the Dow 0.22%. Otherwise, […]

Recession fears pressured stocks in New York Tuesday, but they recovered by the end of the session. The S&P rose 0.16%, the Nasdaq 1.75% though the Dow closed -0.42%. The U.S. 10-year yield continued to fade, down to 2.825% though […]

With Wall Street closed for Independence Day, the TSX rallied 0.89% top return above 19,000. All sectors were in the green, led by materials and energy. WTI rose 2% past $110 while WCS jumped nearly 3% to $90. Big movers […]

As the TSX was closed Friday for Canada Day, Wall Street ended the week modestly up on Friday. The S&P gained 1.06%, the Nasdaq 0.9% and the Dow 1.05% to offer some relief to the toughest half-year on Wall Street […]

Ongoing worries of a future recession and rising interest rates continued to pressure stocks on Thursday. The TSX ended -1.18% for the day (to fall below 19,000), but -11% for the first half of 2022. That is roughly half as […]