Rally continues amid tech earnings
Markets continued to rally on Tuesday as Wall Street waited for the big tech companies to report their earnings this week. The S&P climbed 1.56%, the Nasdaq jumped 2.2% well past 11,0000 while the Dow rose 1.05%. There was green across the board, with tech leading the charge.
Tesla leapt 5.2% in heavy trading as the chipmakers surged, with AMD up 4.55% and Nvidia at 5.05%. Meta soared 6%, but lost half that in after-hours trading following the release of disappointing quarters by Alphabet and Microsoft. Meanwhile, the U.S. 10-year yield weakened to 4.075% though Bitcoin gained 3.8% to surpass $20,000.
There was green on screens on Bay Street too as the TSX advanced 0.92% to top 19,000. Real estate and utilities led the rally, though cannabis stocks surged too. Canopy soared 25.71% and Tilray popped 11.47%. Nuvei advanced 6.25% as tech enjoyed gains. Meanwhile, Royal Bank retreated 0.53% in heavy trading while NFI Group lost a further 3.28%.
🚗 Tesla Motors Inc (TSLA-Q) +5.2%
💾 Advanced Micro Devices (AMD-Q) +4.55%
💾 Nvidia Corp (NVDA-Q) +5.05%
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +6%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.8%
🌿 Canopy Growth Corp. (WEED-T) +25.71%
🌿 Tilray Inc. (TLRY-Q) +11.47%
💾 Nuvei Corp (NVEI-T) +6.25%
🏛 Royal Bank (RY-T) -0.53%
🚚 NFI Group Inc (NFYEF-OTC) -3.28%
