On Friday, the S&P 500 was about unchanged and Toronto was down a tiny 0.1%.
Aurora Cannabis was up a huge 56% but still remains down 62% year to date. There was no news from Aurora to explain this gain. There was speculation it was due to the emerging Biden win. But if so, why did the gain not happen on Wednesday when and Thursday when the Biden win was already apparent. Another speculation was that it was due to a “short-squeeze”. Whatever, the reason it illustrates the extremely volatile nature os some stocks. Aurora is a bankruptcy risk and there fore it can teeter between having almost no value and having at least some value and that can lead to big percentage changes.
Over the weekend it became even more clear that Biden was the winner and that Trump is going to fight the results in the court and even more-so in the court of (republican) public opinion. So, far the market seems unfazed by that. Futures suggest the market will open higher on Monday morning.