Tech leads rebound, Boeing slides

Monday saw the bulls roar back after last week’s choppiness. Tech lead a broad-based rally in Toronto and New York that closed near session highs. The TSX finished up 0.6% despite crude oil falling on an OPEC+ price cut. WTI sank 3.7% to $71 a barrel, but nearly all sectors were up. Aside from tech, utilities and consumers staples also led gains while energy sank.

TD changed the most hands and rose 0.94%, while Shopify rallied 4.2%, Canada Goose added 4.66% and Crescent Point Energy closed -2.81%.

On Wall Street, the Nasdaq jumped 2.12% to make up a lot of last week’s lost ground. The S&P advanced 1.35% and the Dow 0.56%. Limiting the Dow’s gains was Boeing. Its 737 Max suffered another accident over the weekend when a door flew off in mid-flight. Boeing shares plunged 8.03%, while the carrier, Alaska Airlines tanked 11.13%. Faring better was American Airlines which soared 7.17%. Nvidia jumped 6.35% and Fortinet added 4.99%.T he U.S. 10-year yield held just above 4% while Bitcoin soared over 6% to nearly $47,000.

🏛 Toronto Dominion (TD-T) +0.94%

🛍 Shopify Inc. (SHOP-T) +4.2%

🧣 Canada Goose (GOOS-N) +4.66%

🛢 Crescent Point Energy Corp (CPG-T) -2.81%

🛫 Boeing (BA-N) -8.03%

🛫 Alaska Air Group (ALK-N) -11.13%

🛫 American Airlines Group (AAL-Q) +7.17%

💾 NVIDIA Corporation (NVDA-Q) +6.35%

💾 Fortinet Inc (FTNT-Q) +4.99%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +6%