S&P hits new highs, oil lags
Wall Street continued to feel optimistic that the U.S. Fed will halt rate hikes this week and pushed stocks higher. The S&P climbed 0.93% to 4,338, its highest level since April 2022, as tech pushed the Nasdaq 1.53% higher, and the Dow 0.56% above 34,000.
Major movers were Carnival and Norwegian which cruised 12.45% and 7.22% higher respectively, Tesla up another 5.52%, Broadcom 6.31% and Intel adding 5.22%. The U.S. 10-year yield held at 3.739% while Bitcoin declined 0.4% to trade around $25,800.
Crude oil continued to slump, sinking 4.5% to $67 for a barrel of WTI. The TSX rose only 0.15% to remain below 20,000. In fact, most sectors were up, led by tech and discretionary. Key movers in Toronto were CNQ at -2.39%, Crescent Point Energy -3.34%, Ballard Power soaring 14.78%, Canopy jumping 6.58% and Lightspeed leaping 7.47%.
🚢 Carnival Corp. (CCL-N) +12.45%
🚢 Norwegian Cruise Line Holdings (NCLH-N) +7.22%
🚗 Tesla Inc (TSLA-Q) +5.52%
💾 Broadcom (AVGO-Q) +6.31%
💾 Intel (INTC-Q) +5.22%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.4%
🛢 Canadian Natural Rsrcs (CNQ-T) -2.39%
🛢 Crescent Point Energy Corp (CPG-T) -3.34%
🧬 Ballard Power Systems (BLDP-T) +14.78%
🌿 Canopy Growth Corp. (WEED-T) +6.58%
🏛 Lightspeed Commerce Inc (LSPD-T) +7.47%
