Good afternoon and welcome to Markets Desk.
Apple is closing in on Nvidia for the title of world's most valuable company, sitting just about four percent behind Nvidia's roughly four point seven trillion dollar market cap. That gap of approximately one hundred ninety billion dollars is narrow enough that a strong week for Apple or a soft one for Nvidia could flip the crown before the month is out.
Shifting to macro, Canadian equities extended their winning streak Friday after Thursday's U.S. nonfarm payrolls report came in soft enough to ease fears of another Federal Reserve rate hike. Materials stocks led the advance, with gold-linked names catching a bid as rate hike pressure faded and the dollar softened on the session.
And at Customers Bancorp, Chairman Jay Sidhu sold just over sixty thousand shares on May twenty-seventh of two thousand twenty-six, collecting roughly four point six million dollars in the transaction. Insider sales at this scale draw attention, though they can reflect personal financial planning as much as any view on the company's direction, so investors will want context before drawing conclusions.
That's the tape. Markets Desk, signing off the floor.
