Fourth-Straight Week of Gains for Dow

Stocks rose on Friday despite a tumble in Amazon shares after economic data pointed to slowing inflation and a steady consumer.

The Dow Jones Industrials leaped 828.52 points, or 2.6%, to 32,861.80.

The 30-stock index was up 5.7% this week in its best performance since May. It was also on track for its best month since January 1976.

The S&P 500 climbed 93.76 points, or 2.5% to 3,901.06.

The NASDAQ jumped 309.78 points, or 2.9%. to 11,102.45.

The S&P 500 leaped 3.9% and the NASDAQ is up 2.2% for the week.

The stock market has fractured this week as investors dumped technology shares following weak results and outlooks from Microsoft,

Alphabet and Meta and rotated into economically sensitive stocks that will benefit if the U.S. economy can skirt a recession.

Amazon plunged by 6.8% after the company posted weaker-than-expected quarterly revenue and issued disappointing fourth-quarter sales guidance Thursday. Apple shares … Read more

Big Finish to Big Week for TSX

Equities in Canada’s largest centre carried the positive momentum through to Friday’s closing bell, behind the strength of tech and health-care stocks

The TSX Composite powered ahead 119.08 points to close Friday at 19,471.19. On the week, the gain was 611 points, or 3.2%

The Canadian dollar moved back 0.23 cents to 73.49 cents U.S.

Techs led the parade, Coveo Solutions leading techs, up 26 cents, or 5%, to $5.50, while Tecsys took on $1.61, or 5.6%, to $30.32.

Among cannabis concerns., Canopy Growth sprawled 21 cents, or 5.2%, to $4.28, while Tilray gained 15 cents, or 3.1%, to $4.96.

Consumer discretionary had a banner day, as well, as Canada Goose Holdings took flight 92 cents, or 4%, to $23.67, while BRP Inc. heightened $2.27, or 2.5%, to $93.61.

Materials sagged, however, as Teck Resources got bruised $3.64, or 7.9%, to $42.35, while First Quantum Minerals retreated $1.01, or 4%, … Read more

Stocks to Fall at Opening Friday

Futures for stocks north of the border fell on Friday as commodity prices slipped, while investors watched out for economic growth data.

The TSX Composite gained 72.35 points to close Thursday at 19,352.11.

December futures sank 0.3% on Friday.

The Canadian dollar hesitated 0.15 cents to 73.57 cents U.S.

Rogers Communications, Shaw Communications and Quebecor have reportedly failed to mediate their differences with Canada’s competition bureau over Rogers’ $20-billion bid for Shaw.

On the economic front, Statistics Canada said real gross domestic product edged up 0.1% in August, led by services-producing industries.

ON BAYSTREET

The TSX Venture Exchange slid 2.65 points Thursday to 593.69.

ON WALLSTREET

NASDAQ futures were lower Friday after disappointing Amazon earnings added to the already pressured index.

Futures for the Dow Jones Industrials gave up 11 points to 32,063.

Futures for the S&P 500 settled 17.5 points, or 0.5%, to 3,802.

Futures for the NASDAQ Composite … Read more