After the close with Allan
Hot inflation fed volatilty this week, pressuring the American and Canadian indices down between 2.2-2.5% and even pushing Bitcoin to lows below $30,000, but Friday saw a strong bounce. On Friday, the S&P closed 2.39%, the Nasdaq 3.82%, the Dow […]
Markets saw another volatile session Thursday as another set of American inflation numbers confirmed that inflation is at 40-year highs. Markets fell in the morning, then flirted with positivity, tumbled and rallied in the final hour. On Wall Street, the […]
Wednesday saw another wild session as markets initially rallied on new U.S. inflation data which was slightly worse than expected, but signalled some easing. However, the sentiment turned bearish and stocks sold off. The S&P closed -1.65%, the Nasdaq -3.18% […]
Tuesday saw North American markets attempt to bounce back, but finished with mixed results. Stocks rallied at the open, but dipped into the negative midday, and finished both positive and negative. The S&P rose 0.24% and the Nasdaq 1%, but […]
Markets on both sides of the border extended last week’s sell-off, triggered by fears of an economic slowdown, hot inflation and a sharp rise in interest rates. On Monday, the the S&P closed -3.2% to fall below 4,000, the Nasdaq […]
Markets extended Thursday strong selling to cap a week of declines. Friday saw a volatile session with American indices briefly seeing green over lunch hour before resume its sell-off. However, Wall Street closed well off session lows at the S&P […]
A mere day after stocks rallied after the U.S. Fed announced an expected 50-basis point hike in interest rates, but squashed any idea for 75, American stocks tanked while Canadian tanks fell, too. On Thursday, the S&P closed -3.63%, the […]
Stocks on Wednesday were in a holding pattern until 2:00 pm EST when the U.S. Fed Jerome Powell announced a 0.50% interest hike, which Wall Street had been expecting. However, markets on both side of the border soared when Powell […]
The TSX enjoyed a 1.09% rise on Tuesday led by a surge in energy and materials. Influential movers were Suncor, up 2.39%, Athabasca Oil jumping 11.29%, Baytex rising 5.91% and Cenovus advancing 4.68%. In addition, Air Canada climbed 3.67% and […]
Monday saw the U.S. 10-year yield touch 3% and tech leading a late rally to end a choppy session. The S&P closed 0.57%, the Nasdaq 1.63% and the Dow 0.26%. The TSX also rallied in the dying minutes, but stayed […]
Traditionally a rally month, April ended with the Nasdaq sliding 13% (its worst month since October 2008), the S&P sliding 8.8% (worst since June 2020), though the rally in oil and natural resources cushioned the TSX’s losses to only 3% […]
Megatech earnings continued to fuel the American markets as Meta/Facebook’s strong quarterly beat sparked a rally on Thursday. Meta soared 17.59% to return it above $200 after sliding in recent weeks. Its momentum helped lift the S&P 2.48%, the Nasdaq […]
Microsoft, Cenovus and Visa’s reports helped lift markets in New York and Toronto on Wednesday, ending the recent sharp selling streak. The S&P closed 0.21%, the Nasdaq was flat though gained earlier in the session, the Dow added 0.19% and […]
Though crude oil rebounded Tuesday, stocks sold off across the board ahead of earnings reports by heavyweights Microsoft and Alphabet which were released after the bell. Inflation, interest rates and Russia continue to weigh on investor sentiment. It was an […]
On Monday, stocks looked like they would extend last week’s deep losses as the Toronto and New York indices tanked. However, late in the session, American stocks underwent a surprise rally to close in the positive. While the TSX shed […]
Hawkish sentiments from the U.S. Fed continued to push stocks down. Stocks tanked on Friday across the board as some members of the Fed openly consider a 75-basis point hike in interest rates. The S&P closed -2.86% to 4,268 or […]
On Thursday, good earnings overcame rising yields to reverse early gains and push stocks down sharply. The Nasdaq closed -2.07%, S&P -1.47% and the Dow -1.05%. The U.S. 10-year yield inched up to 2.89%. Again tech names were the biggest […]
Netflix reported late Tuesday, but its subscriber miss and dire subs forecast crushed shares by over 35% on Wednesday. Netflix dragged down other streamers, including Disney, which slid 5.57%. Also sliding was Meta/Facebook, down 7.77% and Tesla losing 4.96%. Naturally, […]
On Tuesday, American stocks strongly bounced back, even as the U.S. 10-year advanced to 2.94%. The S&P rallied 1.61%, the Nasdaq 2.15% and the Dow 1.45%. The most influential names were Apple, up 1.41%, Bank of America at 1.85%, Ford […]
Stocks see-sawed on Wall Street, the TSX inched higher and natural gas soared to 13-year-highs to start the trading week. Energy and materials helped lift the TSX by 10 points, though it stayed below 21,900 as the S&P, Nasdaq and […]
The street was all a-twitter Thursday about Elon Musk offering to buy Twitter outright. Musk just bought a 9% stake in the struggling tech company, but surprised many by announcing his offer. Unfortunately, the street rejected the offer as reflected […]
The start of U.S. earnings season sparked a strong rally Wednesday with shares rising into the close. The S&P climbed 1.12%, the Nasdaq jumped over 2% and the Dow added 1%. Delta Airlines reported a positive earnings surprise, highlighted by […]
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 […]
