After the close with Allan
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 […]
Stocks lacked direction Wednesday though inflation fears lingered. The TSX closed -0.76% as most sectors were in the red apart from consumer staples and industrials. WTI sank over 2% to $109 and several energy names declined with it, including Whitecap […]
The markets reverted to ongoing fears of hot inflation and rate hikes Tuesday and sold off most sectors except energy. On Wall Street, the S&P closed -2.01%, the Nasdaq -2.98% and the Dow -1.56%. Gainers: Hess up 5.67%, Diamondback Energy […]
The trading week began with energy and materials lifted the TSX higher by 1.14% to nearly 19,300, but the American indices losing a little ground. Big movers were Vermilion Energy by 11.67% on an upgrade, Suncor 3.16%, Canadian Natural Resources […]
A marginal improvement in U.S. inflation data inspired a strong market rally in New York as well as Toronto which pushed the indices into the green for the week. The S&P closed 3.06% on Friday and 6.5% for the week, […]
Weak commodity prices, driven by recessionary fears, pressured the TSX on Thursday. The Canadian index closed below 19,000 and shed 1.51%. WTI oil fell 2% to $104 and copper sank 5%. Energy and materials suffered major losses: Suncor -6.31%, Cenovus […]
Fears of a recession depressed crude oil prices and in turn pressured markets on Wednesday. WTI sank 4% to $105 and WCS lost 3.8% to slip to $87. That pushed the TSX down by 1.13% as consumer stamples also weighed […]
Markets were hot on the first day of summer, Tuesday. Wall Street returned from a long weekend to rally. The S&P rose 2.45%, the Nasdaq 2.51% and the Dow 2.15%. Energy stocks led the climb though WTI advanced by only […]
With Wall Street closed for the new Juneteenth holiday, the TSX rallied Monday across the board and closed up 1.25% at session highs, rebounding after sliding 6% last week in its worst week since march 2020. Telcos, staples and real […]
Volatility reigned yet again as markets closed the week decidedly mixed. The S&P closed Friday up 0.21% and Nasdaq modestly rebounded by 1.43%, but the Dow finished -0.14% and the TSX -0.39% as oil prices slid on recession fears. For […]
On Wednesday afternoon, the U.S. Fed’s Jay Powell announced a 75-basis point hike in interest rates and offered dovish comments about inflation. The street expected that move and reacted by buying. Though off the session highs, the S&P closed -1.46% […]
Tuesday markets in Toronto and New York were mixed following Monday’s rout which saw the TSX enter a correction and New York’s indices a bear market. The S&P closed -0.37%, the Nasdaq 0.32% and the Dow -0.5% after opening in […]
