After the close with Allan
On Monday, American markets scaled new highs on the eve of megatech names reporting. Meta and Microsoft notched record highs after rising 1.75% and 1.43% respectively a day before they report. Their performance helped lift the Nasdaq 1.04%. The S&P […]
After hittinh new highs this week, markets settled into a mixed session on Friday. The S&P closed -0.11%, the Nasdaw -0.39% and the Dow 0.6%. For the week, the indices rose 1% except the Dow which added 0.6%. Keys movere […]
On Thursday, Q4 U.S. GDP data handily beat expectations, clocking in at 3.3% instead of 2%. Core inflation for personal consumption rose 2% while the headline rate was 1.7%. The American economy was stronger than expected to end 2023 and […]
Netflix reported after the bell on Tuesday and shares soared Wednesday to close 10.47% higher. The optimism over the top streamer extended to other areas of tech as Microsoft touched US$3 trillion in market cap during the session and closed […]
The TSX climbed 0.46% Tuesday, surpassing gains made by the S&P at 0.31% and the Nasdaq of 0.44%. The S&P made another all-time high while the Nasdaq rose to a new 52-week high. All but two sectors on Bay Street […]
While the TSX added only 17 points Monday to remain under 21,000, tech continued to fuel the American stock market. Though the major indices were off their session highs, both the S&P and Dow closed at all-times. The S&P added […]
The weekend began bearish but ended bullish as ongoing strength in tech led the three U.S. indices to new 52-week highs. The Nasdaq rallied another 1.59% on Friday and rose 2.28% for the week. The S&P climbed 1.16% during the […]
Tech lifted markets, American especially, on Thursday to end their recent slump. The S&P rose 0.88% to nearly 4,800, the Nasdaq jumped 1.35% past 15,000, and the Dow added 0.54%. After enduring recent downgrades, Apple received a major upgrade and […]
Bay and Wall streets, already wrestling with mixed inflation data in Canada and the U.S. also contended with weak economic from China. Such worries drove down North American markets on Wednesday. The Chinese real estate market continues to slump, which […]
Tuesday saw the bears return to the markets. The TSX closed below 21,000 after shedding 0.54%. Unexpectedly, December CPI came in at 3.4%, higher than November’s 3.1%. Sectors were evenly mixed, though strength in staples and telcos couldn’t offset deep […]
With Wall Street closed Monday to honour civil rights leader Martin Lither King, Jr., the TSX advanced 0.34%, closing on strength, to return to 21,000. All sectors except two rallied, led by strong gains in consumer staples as well as […]
The Friday session began strong, but closed weaker. The TSX still managed to rise 0.34%, just a hair below 21,000, and turned positive for the week, up 0.25%. Most sectors were up, led by materials and industrials, but staples and […]
On Thursday, the U.S. December CPI print came in at 0.3%, pushing the annual rate to 3.4%, compared to the expected 0.2% and 3.2%. Core CPI was in in-line. The data suggests that future interest rate cuts may come slower […]
Wednesday saw markets on Wall and Bay streets climb cautiously ahead of the key U.S. inflation data. The S&P added 0.41%, the Dow 0.35% and the Nasdaq 0.57% to nearly 15,000. The U.S. 10-year yield held around 4.044%. Key movers […]
Markets on Bay and Wall streets gave back some of Monday’s impressive gains in a session that saw little direction. The TSX closed -0.44% with only tech and telcos rallying. Materials and financials led the laggards. Of note were TD […]
Monday saw the bulls roar back after last week’s choppiness. Tech lead a broad-based rally in Toronto and New York that closed near session highs. The TSX finished up 0.6% despite crude oil falling on an OPEC+ price cut. WTI […]
Major indices on both sides of the border snapped a 9-week winning streak despite a flat Friday to cap the first trading week of 2024. For the session, the S&P added nine points, the Dow 25 and the Nasdaq 13. […]
The TSX enjoyed modest gains on Thursday as industrials and financials led most sectors higher while energy lagged. Notable names included Parkland up 3.71%, Nuvei 3.48%, Baytex -2.42%, Cenovus -3.57% and Silvercrest Metals advancing 2.98%. WTI crude slipped 0.4% to […]
Thursday saw more losses in stocks in Toronto and New York to start the new year and halt the Santa Claus rally. The S&P closed -0.8%, the Nasdaq -1.18%, and the Dow -0.63%. Like the day before, there were losses […]
Call it profit-taking after the December rally and/or a rare analyst downgrade of Apple, but red overflowed on trading screens throughout the first session of 2024. Apple closed -3.58% and Intel -4.88% along with many of its peers. Cruise liners […]
Markets ended the week mixed with the TSX adding 0.14% while the S&P closed -0.24%, the Nasdaq -0.46% and the Dow -0.07%. However, Friday capped a strong year that saw the American market rebound, led by tech. Over 2023, the […]
The S&P and Dow made intraday, 52-week highs, but fell short of establishing new closing highs. Amid typically light volumes, both indices closed flat while the Dow added 0.13%. Trading the most hands again was Tesla which sank 3%, while […]
The TSX reopened after the Christmas break on Wednesday to set a 52-week midday high of 21,091 and closed near that, up 0.65%. All sectors were green, led by consumer staples, energy and financials. Key winners included CNQ up 1.62%, […]
With the TSX closed on Boxing Day, American markets continued to rally on Tuesday, despite traditionally low volumes. The S&P advanced 0.53% to close less than 1% of its all-time high of 4,796. The Nasdaq added 0.63% to surpass 15,000 […]
The last trading session before Christmas saw Santa arrive with a rally, even though indices closed off the day’s highs. Mr. Klaus presented the U.S. with tame PCE (personal consumption) inflation data from November which helped to extend Thursday’s gains. […]
