After the close with Allan
Over the long weekend, Russia’s Vladimir Putin announced he would invade eastern Ukraine, which triggered a sell-off in world markets Tuesday. While North American futures were as down by as much as 3% overnight, Wall Street indices finished slightly better […]
Ongoing fears that Russia will invade Ukraine continued to drive markets lower on Friday. Add to this ongoing concerns that the U.S. Fed will soon hike interest rates. The S&P closed -0.72% (down 1.5% for the week), the Nasdaq -1.23% […]
Renewed fears of Russia invading Ukraine as well as ongoing concerns over rising interest rates triggered a steep sell-off Thursday. The S&P closed -2.12%, the Nasdaq -2.88% to below 13,800 and the Dow -1.78% in its worst day of 2022. […]
Wednesday markets were weak until the U.S. Fed released its latest minutes mid-afternoon. Markets didn’t bounce, but nearly climbed to break-even levels: the S&P 0.09%, the Nasdaq -0.11% and the Dow -0.15%. Staples, energy and travel names led the gainers, […]
Tuesday markets sharply rebounded on news that some Russian troops had retreated from the Ukrainian border as talks to avoid an invasion persist. Investors took the positive, though tentative news and shrugged off high producer prices in January to buy […]
World markets were volatile Monday as Russia continues to threaten to invade Ukraine. Add to that ongoing concerns over high inflation and rising interest rates, and Monday’s markets were choppy though they closed beyond sessions lows. The S&P finished -0.39%, […]
Just as markets were digesting hawkish comments from the St. Louis Fed calling for sharp rate hikes, signals of Russia about to invade Ukraine weighed on market sentiment. The result on Friday was the S&P closing -1.9%, the Nasdaq -2.78% […]
Markets on Thursday slid on new inflation figures that were higher than expected and the highest in 40 years. This stoked fears of the U.S. raising interest rates higher and faster in coming months. The U.S. 10-year yield leapt 5% […]
Stocks extended gains Wednesday as the markets enjoyed a sustained rally, ending the session on strength. The TSX rose over 1% on the momentum of weed stocks such as Canopy, popping 14.87% after reporting a better-than-expected quarter, Tilray 10.21% and […]
Tuesday saw both equities and the U.S. 10-year yield climb. The S&P added 0.84%, the Nasdaq 1.28% and the Dow 1.06% as the yield inched up to 1.961%. It may be a sign that stock buyers are accepting higher yields. […]
Markets bounced between red and green and closed modestly down to start the week. On Wall Street, the S&P closed -0.37%, the Nasdaq -0.58% and the Dow was flat. Gainers included Lyft, up 3.77%, travel names such as Royal Caribbean […]
Futures were green Friday morning until U.S. employment numbers came in better than expected, which pressured markets. However, stocks rallied by the close. The S&P finished 0.52% or up 2% for the week or 7% below its peak, the Nasdaq […]
Thursday markets sold off sharply, triggered by a record-breaking slide in Meta shares, down 26.62% after releasing a disappointing quarter and forecast. The S&P closed -2.44%, the Nasdaq -3.74% to fall below 14,000 and the Dow -1.46%. Tech stocks were […]
A slam-dunk report from Alphabet helped extend markets into a fourth-straight day of gains Wednesday. The tech giant reported a solid beat and a surprising 20-to-1 stock split. Shares jumped 7.7%. Wall Street gains were more modest than in recent […]
Markets on both sides of the border extended the wide gains of the two previous sessions into Tuesday. The session was choppy but picked up steam towards the end. Moreover, volumes were robust while the VIX slid 11.5% to 22. […]
Encouraged by surprisingly strong U.S. manufacturing numbers, markets on Wall and Bay streets jumped higher Monday, led by tech, and closed on strength. The S&P rallied 1.89% during the session, but lost 5.5% for January, the Nasdaq soared 3.41% but […]
After a weak open Friday morning, stocks on both sides of the border rallied and closed on session highs to conclude a wild week. Again, tech stocks were the focus as the Nasdaq barely climbed into the positive for the […]
Following the same pattern of recent days, markets rallied in the morning only to fall in the afternoon. Though the Dow closed down a few points, essentially flat, the S&P finished -0.54%, the Nasdaq -1.4% as tech led losses again […]
The yo-yo markets continued Wednesday as markets rallied–driven by Microsoft’s latest quarterly beat–until 2:00 pm when the U.S. Fed’s Jay Powell made his latest announcements on the state of the economy and interest rates. Wall Street read his comments as […]
Like Monday, Tuesday markets fell for most of the day and climbed into the finish. However, this time the American indices failed to close in the green, though the TSX squeaked out a 0.14% gain. Investors remained in a selling […]
Despite positive futures Sunday evening, markets on Monday morning sold off hard on disappointing U.S. manufacturing data. The Nasdaq plunged nearly 5%, the Dow shed as much as 1,115 points while the TSX slid over 3%. However, after lunch, buyers […]
Ongoing fears of interest rate hikes triggered a market-wide sell-off Friday to cap a volatile week. The Dow closed -1.3%, the S&P -1.9% (to end its worst week since March 2020) and the Nasdaq -2.72% to tumble below 14,000. The […]
For most of Thursday, markets sharply rebounded as much as 1.8%, but sank into the red into the closing minutes. The Dow finished -1.02%, the S&P -1.11% and the Nasdaq 1.3%. The U.S. 10-year yield actually held around 1.822%. Consumer, […]
Ongoing fears of more interest rate hikes created a choppy trading session Wednesday, which saw stocks sell off into the close. The main American indices all declined nearly around 1% with the Nasdaq shedding 1.15%. On the Dow, industrials and […]
Wall Street returned to business Tuesday and slid after yields spiked. The Dow finished -1.51%, the S&P -1.83% and the Nasdaq -2.69%, nearly putting the tech-heavy index in 10% correction territory. Stocks plunged as the 10-year yield touched 1.877% for […]
