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After two rollercoaster sessions, markets on Friday settled and oil held steady. The S&P rose 0.32%, the Nadaq 1.09%, and the Dow slipped -0.46%. However, the American indices tumbled for the week, down 2.7%, 3.35% and 1%, respectively. In contrast, the TSX gained 0.46% on Friday and for the week. WTI held at US$90.50. In other commodities, silver added 0.26% to US$51.80, though gold declined 0.6% to US$4,065. Meanwhile, the U.S. 10-year yield inched up to 4.859%, and Bitcoin held at US$75,810.

Major movers in New York: Coherent 13.58%, Airbnb 11.67%, DraftKings -21.30% after slashing earnings guidance, and Nvidia 2.68% and Intel 7.71% as the most active American names. In Toronto: Telus -2.88%, Trisura Group 29.92%, Parex Resources -16.55%, Iamgold 8.09% and Silvercorp Metals 7.61%.

🧬 Coherent, Inc. (COHR) +13.58%

🏢 Airbnb (ABNB) +11.67%

🎞 DraftKings (DKNG) -21.3%

💾 NVIDIA Corporation (NVDA) +2.68%

💾 Intel (INTC) +7.71%

📱 Telus Corp (T.TO) -2.88%

🏛 Trisura Group (TSU.TO) -29.92%

🛢 Parex Resources Inc. (PXT.TO) -16.55%

🥇 Iamgold Corp (IMG.TO) +8.09%

⛏ Silvercorp Metals Inc. (SVM.TO) +7.61%

If yesterday was the post-election party, Thursday was the hangover. Markets erased Wednesday’s strong gains as investors continued to digest the Democratic sweep of Washington: the S&P -4.36%, the Nasdaq -5.52%, the Dow -3.46% and the TSX -2.03%. Bearing the brunt were AI stocks as the market perceives a slowdown in the AI data centre build and weakening demand for computer chips. Nvidia plunged 9.26%, Intel slid 10.33% and Sandisk cratered 22.26%. Meanwhile, Tesla plunged 10.77% though AppLovin soared 10.69% after reporting a strong beat. Bitcoin fell 5.55% to US$75,695 while the U.S. 10-year yield decreased to 4.839%.

In Toronto, only three sectors rose, led by telcos, while tech, financials and discretionary tumbled the most. WTI regained nearly 3% to US$4,090 as the markets wait to see if Trump extends an olive branch to Iran or resumes fighting. Major movers on Bay Street included Suncor down 4.06%, Gildan sliding 18.86% and Russel Metals plunging 13.62%, though telcos Telus gained 2.33% in heavy trading and BCE rallied 4.58%. The metals were mixed: silver slipped 0.75% to US$51.70 though gold advanced US$29 to $4,090.

💾 NVIDIA Corporation (NVDA) -9.26%

💾 Intel (INTC) -10.33%

💾 Sandisk Corp (SNDK) -22.26%

🚗 Tesla Inc (TSLA) -10.77%

💾 AppLovin Corporation (APP) +10.69%

🅱 Bitcoin (BTCUSD) (BTC-USD) -5.55%

🛢 Suncor Energy Inc (SU.TO) -4.06%

👕 Gildan Activewear Inc. (GIL.TO) -18.86%

⛓ Russel Metals (RUS.TO) -13.62%

📱 Telus Corp (T.TO) +2.33%

📱 BCE Inc. (BCE.TO) +4.58%