After the close with Allan
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 […]
Wall Street was closed Monday as the U.S. celebrated civil rights leader, Martin Luther King, Jr. In Canada, the TSX climbed a solid 0.81%, led by financials, energy and tech. In fact, all sectors were in the green. The banks […]
Markets closed at session highs to cap another choppy week of trading. The TSX closed 0.33% higher on Friday and 1.35% for the week. Energy and tech propelled the rise while staples and real estate sank. Given Russian-Ukrainian military tensions, […]
Recent days of gains may have triggered investors to take profits on Thursday as stocks, starting with tech, sold off. The session ended on weakness, leaving the Nasdaq at -2.57%, the Dow -0.49% and the S&P -1.42%. Notably, the U.S. […]
On Wednesday, markets on both sides of the border modestly extended gains as the U.S. 10-year yield held around 1.73%. The TSX climbed 0.54%, the Dow 0.11%, the S&P 0.28% and the Nasdaq 0.23%. American industrials were strong though financials […]
Markets rose Tuesday morning after the U.S. Fed’s Jerome Powell delivered comments in his confirmation hearing to ease the fears of investors. He pledged to ensure that inflation would not become “entrenched” and that policy tightening was necessary to deliver […]
Echoing last week, Monday morning saw rising rates pressure markets, particularly in the U.S., but buyers eventually softened losses by the close. The Dow finished -0.45%, the S&P -0.14% and the Nasdaq actually crept into the positive up 0.05%. Healthcare […]
Though the TSX edged up 12 points on Friday, American markets sank as yields continued to climb. The U.S. 10-year touched 1.77% by the close, up 2.7% for the day, which drove the Nasdaq down nearly 1% (and 4.5% for […]
A day after the U.S. Fed’s minutes triggered a sharp sell-off, markets on both sides of the border stabilized Thursday. The S&P and Nasdaq were positive for most of the day but finished down four and 19 points, respectively. The […]
Wednesday trading was mixed until the U.S. Fed released its latest minutes at 2:00 pm, announcing it may taper and raise interest rates sooner than expected in order to combat persistent inflation. Markets in New York and Toronto immediately sold […]
After scoring strong gains to begin the year, tech stocks gave them back on Tuesday as the Nasdaq retreated 1.33%. However, the Dow rose 0.59% to a new record close of 36,799 while the S&P shed three points to finish […]
With the TSX closed in lieu of New Year’s Day, Wall Street reopened and rallied to kick off 2022. The Monday session began tepidly as the latest U.S. manufacturing numbers slightly disappointed, but share-buying picked up steam and the session […]
Markets closed mixed on the final day of 2021, but soared for the year. On Friday, the Nasdaq slipped 0.61%, the Dow 0.16%, the S&P 0.26% and the TSX shed 0.34 as stocks faded into the close amid light holiday […]
The TSX returned from the holidays on Wednesday to play catch up, advancing 0.52% on the strength of energy and financials. Baytex and Crescent Point jumped well over 7% while the Bank of Nova Scotia added 1.63% in high volumes, […]
With the TSX closed for the holidays, Wall Street was in business Tuesday, opening positive but fading into the close with mixed results. All the major indices closed near record highs, but the Nasdaq shed half a percent and the […]
With the TSX closed Monday, Wall Street picked up the slack by extending its pre-Christmas gains to record heights. While the Dow advanced nearly 1%, both the Nasdaq and S&P rallied 1.39%. For the S&P, it set its 69th record […]
On a predictably sleepy Christmas Eve Friday on the TSX (Wall Street was already closed for the Christmas break), the Toronto market added 10 points during its half session. Energy, industrials and materials were up while tech and real estate […]
For the third straight day, stocks rallied, with the S&P rising 0.62% to make a record close of 4,725. All 11 sectors finished the shortened American trading week in the green. The Dow added 0.55% to approach its own record, […]
After a cautious start, markets on Wednesday turned positive and closed on session highs. A confluence of positive economic data and various reports offering hope about the Omicron variant encouraged buyers on Wall and Bay streets. U.S. Q3 GDP beat […]
