After the close with Allan
Wednesday’s markets sold-off after the latest U.S. consumer inflation numbers came in higher than expected. While part of the market had been expecting this result, American stocks sank across the board, with the three major indices shedding 1%, especially the […]
It was a tale of two stock exchanges Tuesday as the TSX edged up 0.5% to a new high of 22,361 led by a surge in materials. Real estate and and nearly every sector also rallied as healthcare showed moderate […]
The week began with equities markets flat, with the Nasdaq up a few points and the TSX, S&P and Dow down a few points. Sectors on Bay Street were mixed with utilities and industrials up and discretionary and materials down. […]
Friday saw the release of the latest employment numbersate. The U.S. added more jobs than expected in March, while Canada’s unemployment rose to 6.1%. Despite the differing data, both markets rallied to end a rocky week. The TSX climbed 0.87% […]
It was a downbeat session in Toronto and particularly New York on Thursday after stocks tumbled in the final hour of trading. Wall Street’s major indices all slid over 1% with the Dow as much as 1.3% even though the […]
Markets were lackluster Tuesday, though closed with modest gains. The TSX added 0.25% with sectors being mixed. Once again, materials and energy rallied, but discretionary, tech and real estate lagged. Making news was WSP Global which was hit by a […]
For the second day in a row, stocks fell on Wall Street, but were joined Tuesday by Bay Street. In the U.S., strong economic data coupled with hot inflation and profit-taking pushed the Nasdaq and Dow down by 1% while […]
After a strong Q1, the second quarter began on a mixed note. The TSX edged up 18 point to a new high of 22,185, even though more sectors were down than up. Energy and materials accounted for most of the […]
The TSX ended the month 4.4% higher and the day up -.37% to 22,167, a record high. More sectors than not gained, led by materials, energy and utilities while staples and industrials lagged the most. Key names included Barrick Gold […]
Toronto and New York markets edged higher Wednesday in broad-based buying, sending the S&P to a new high of 5,246, up 0.82%. The Nasdaq rose 0.47% and the Dow advanced more than 450 points or 1.19%. Apple was the most-traded […]
Markets in Toronto and New York cruised positively for most of Tuesday, but ran out of steam by the closing bell. The TSX shed 0.14% with only healthcare and a handful of sectors ending positive. Consumer staples and energy were […]
After recent highs, markets in New York and Toronto edged down to begin the shortened trading week. The TSX shed 0.12% to close below 22,000. Most sectors were down, led by industrials, utilities and discretionary while energy was a rare […]
Friday saw mixed trading on Wall and Bay streets to conclude a week where the three major U.S. indices and the TSX technically (and briefly) made record highs. The S&P closed flat on Friday to remain at Thursday’s record high, […]
A day after the U.S. Fed stuck to its plan of three interest rate cuts sometime this year, markets in New York and Toronto continued to rally, with all three major American making new highs. The S&P rose 0.38% to […]
American indices made new highs Wednesday after U.S. Fed Chair Jerome Powell delivered his latest comments about interest rates and inflation. Powell affirmed three rate cuts later this year, despite sticky inflation to start 2024. Powell added that the Fed […]
Stocks in New York and Toronto marched upwards Tuesday on the eve of the U.S. Fed’s next interest rate announcement. The S&P advanced 0.53%, the Nasdaq 0.82% and the Dow 0.2%. The U.S. 10-year yield held around 4.33%. Once more, […]
The week began with WTI closing in on $83 a barrel after rising 2.3%. Energy and real estate’s gains almost offset staples, materials and other laggards on By Street. The shed 12 points on Monday in mixed trading. Notable names […]
The week ended on a modestly upbeat note on Bay Street after the TSX climbed 27 points on Friday and 0.5% for the week to remain within striking distance of all-time highs. On Friday, materials and utilities led most sectors […]
U.S. headline PCE came in at 0.6%, much higher than the expected 0.3%. Markets initially shrugged off the data, but slid for the rest of the day. The S&P closed -0.33%, the Nasdaq -0.39% and the Dow -0.44% to settle […]
Wednesday saw the TSX rise 0.64% to approach 22,200 and flirt with all-time highs. All but three sectors were positive on Bay Street, particularly materials as well as energy, while telcos lagged the most. Outsized moves came from First Quantum […]
Investors shrugged off higher than expected U.S. inflation February to spark a Tuesday rally. CPI rose 0.4% between January and February. The S&P rose 1.12% to a new record high of 5.175, the Nasdaq surged 1.54%, and the Dow climbed […]
Monday morning trading began in the red and finished flat on both sides of the border. The TSX added 31 points as sectors were mixed. Materials and financials were strong, but real estate was weak. Minerals populated the big gainers […]
The week started down, then rebounded, then closed down again. The red-hot semis sub-sector within tech sold off Friday, despite an initial climb to start the session. By the close, Nvidia sank 5.55% after volatile swings both ways. Broadcom reported […]
Markets on Bay and Wall streets extended Wednesday’s gains into Thursday, helped by the U.S. Fed’s Jerome Powell telling Washington that he’s “not far” from cutting interest rates. His comments raised hopes of a June cut. Tech, particularly semis stocks, […]
Markets recovered some of the ground lost in previous days upon comments made by the U.S. Fed’s Jerome Powell and after the Bank of Canada held interest rates. However, the initial rally lost steam by the end of the session. […]
