After the close with Allan
Tuesday morning’s rally faded into the close, though crude oil sharply rebounded. The U.S. released its latest inflation numbers which showed a 8.5% increase year-over-year, the highest since 1981, which is reinforcing pressure on the Fed to raise interest rates […]
On Monday, the U.S. 10-year-yield climbed to 2.778%, which slammed tech and other stocks on Wall Street, though falling oil prices pressured Bay Street. The S&P closed -1.69%, the Nasdaq 2.18% and the Dow 1.19%. Big movers were AT&T jumping […]
Markets were choppy Friday, no surprise this week, and ended on a mixed note with the TSX up 0.18% after flirting with new highs, the S&P -0.26% (down 1.2% for the week), the Nasdaq -1.34% (-5.2% for the week) and […]
North American stocks were extending losses from previous sessions until they modestly rallied late in the day. The TSX closed 0.24% on the strength of all sectors except tech. The most active names were Athabasca Oil up 2.51%, Denison Mines […]
Wednesday extended Tuesday’s session as American tech stocks led a broad sell-off, triggered by a member of the U.S. Fed issuing hawkish views the day before. All signs point to the Fed selling off the bonds it accumulated during Covid […]
On Tuesday, Hawkish comments by a member of the U.S. Fed triggered a sell-off in U.S. stocks, particularly tech. As the U.S. 10-year yield climbed to 2.558%, American stocks sold into the close: the S&P -1.25%, the Nasdaq -2.26% and […]
The week began with stocks moving higher, despite ongoing inflation and Russia worries. Tech led gains as the S&P rose 0.81%, the Nasdaq 1.9% and the Dow 0.3%. Major gainers were Salesforce by 3%, Intuit 4.72%, Netflix 4.98%, Penn National […]
After losing 4.5% in the first quarter, the S&P began Q2 on Friday up 0.34%. The Nasdaq rose 0.29% and the Dow 0.4%. It was a choppy session on Wall Street, but stocks closed on session highs. Credit cards rallied […]
On Thursday, U.S. President Biden announced that America would release an unprecedented amount of oil from its reserves to alleviate the current shortage. Meanwhile, OPEC+ said it would release more oil too, albeit at a more modest rate. The double-whammy […]
Profit-taking and/or facing optimism over the Russia-Ukraine peace talks pushed stocks down on Wednesday and oil up. Wall Street reversed recent gains as the S&P closed -0.63%, the Nasdaq -1.21% and the Dow -0.19%, though they closed off the session […]
As the TSX inched up 0.5% to return above 22,000 Tuesday, Wall Street rallied into the close to extend Monday’s gains. The S&P closed 1.23%, the Nasdaq 1.84% and the Dow 0.97%. Tech led gains yet again: Adobe 3.63%, Airbnb […]
The trading week began with oil sliding 9%, triggered by a lockdown in Shanghai to contain increasing Covid cases that will lead to lower oil demand. WTI and WCS shed $10 a barrel to $103 and $92 respectively. Oil’s weakness […]
Stocks edged up Friday to close a positive week, despite ongoing geopolitical turmoil. The S&P advanced 0.51% for the session, the Nasdaq -0.16% and the Dow 0.44%. However, the S&P and Dow have now climbed within 6% of their all-time […]
A 3% decline in crude oil prices kept the TSX flat on Thursday, but Wall Street indices rallied into the close. The S&P finished 1.44%, the Nasdaq 1.93% and the Dow 1.01%, led by tech. Despite that, the U.S. 10-year […]
Stocks on Wednesday gave back recent gains. The S&P closed -1.23%, the Nasdaq -1.32% and the Dow -1.29%. On Wall Street, energy and utilities thrived while financials and industrials lagged. Losing ground were Adobe, down 9.14%, after issuing disappointing guidance […]
Investors on both sides of the border saw an ocean of green on their trading screens Tuesday as the TSX made yet another record close, but also American stocks rallied. The TSX advanced 0.3% to 22,074, led by tech and […]
The TSX made another record high on Monday, closing up 0.87% to 22,009. Natural resources continued to surge, including uranium which helped propel Cameco by 6.75%. Other big movers were Lithium Americas up 8.12%, Vermilion Energy at 7.46%, Meg Energy […]
Stocks extended recent gains on Friday to finish the week on a high note. Fueled by the ongoing commodities rally, the TSX added 0.33% to make a new high of 21,842. The Toronto index is up 1.8% for the week […]
On Thursday, stocks extended strong gains of the previous two days, but crude oil also rallied. The S&P and Dow both added 1.23%, the Nasdaq 1.33% and the TSX 1.41%. The VIX hit its lowest level since February 17, at […]
North American stocks surged for the second straight day as U.S. Fed Chair Jay Powell announced Wednesday a long-expected interest rate hike of 0.25%. Powell also signaled six more increases for 2022. Markets expected both announcements for quite some time. […]
Call it a relief rally, but Tuesday saw markets surge as crude oil dropped. The S&P rose 2.14%, the Dow 1.82% and the Nasdaq 2.92%, with all indices closing on strength. The street is pricing in a 0.25% interest rate […]
Ongoing escalation in Russia’s invasion of Ukraine and the backdrop of hot inflation continued to weigh on markets Monday as both tech stocks and oil sold off. WTI sank 7% to below $102 and WCS sank over 8.5% to $88. […]
Markets finished another negative week on the downside Friday. The prospect of the Russian invasion of Ukraine dragging on weighed on investor sentiment against a backdrop of hot inflation. The U.S. will likely raise interest rates on Monday. The S&P […]
Following a sharp rebound, stocks on Thursday drifted down, but do did oil. Markets seems to be grasping for a direction as Russian continues to attack Ukraine and the latest U.S. inflation numbers came in hot, though surprised few. The […]
Markets convincingly rebounded Wednesday, a day after U.S. President Joe Biden announced gas and oil sanctions against Russia for invading Ukraine. The S&P closed up 2.57%, the Nasdaq 3.6% and the Dow 2%. After an incredible surge since Russian aggression […]
