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It was the week that Nvidia rocked the investing world with the sudden departure of CEO Jensen Huang that triggered wild swings in the market. Somehow, though, the major indices ended the week up: the S&P 2.5%, the Dow 2.1%, the TSX 0.9% and the tech-heavy Nasdaq 2.27%. For Friday, the TSX and Dow were flat, the S&P slipped 0.4% and the Nasdaq declined 0.91%. Overshadowing Friday’s session was the U.S. producers’ inflation data from November, up 3.3% vs. the expected 3.4% from October, and 6.5% annually compared to the projected 6.6%. However, that 6.5% figure is the biggest increase since 2022, which stoked fears of rising interest rates. The U.S. 10-year yield jumped to 5.149%.

Major movers in Toronto and New York: Stantec 13.79%, CNQ 1.24% as the most active name on the TSX, Keurig Dr. Pepper popping 2.6%, Dell -7.18%, AMD -8.78%, Americas Gold & Silver -10.81%, Lithium Americas -7.83%, Celestica -5.42% and Nvidia -2.01%. Gold was flat at US$3,878, silver slumped 2.6% to US$48.70 and WTI edged up 0.26% to US$89 as the U.S.-Iran war remains a stalemate. Finally, Bitcoin tumbled 4.4% to US$68,330. Sectors were mixed on Bay Street with real estate and energy leading and tech lagging.

⚙ Stantec Inc (STN.TO) +13.79%

🛢 Canadian Natural Rsrcs (CNQ.TO) +1.24%

🧃 Keurig Dr Pepper (KDP) +2.6%

💾 Dell Computers (DELL) -7.18%

💾 Advanced Micro Devices (AMD) -8.78%

⛏ U.S. Silver & Gold (USA.TO) -10.81%

⛏ Lithium Americas Corp (LAC.TO) -7.83%

🧬 Celestica Inc (CLS.TO) -5.42%

💾 NVIDIA Corporation (NVDA) -2.01%

🅱 Bitcoin (BTCUSD) (BTC-USD) -4.4%