Inflation data lifts Wall Street

A day after hotter-than-expected consumer inflation data sank markets, cooler-than-expected producer’s inflation figures raised U.S. markets. The S&P recovered 0.84%, the Nasdaq surged 1.72% and the Dow was relatively flat by adding 47 points.

Tech led gains as Apple popped 4.39%, Amazon rose 1.93%, Nvidia 3.87% and Broadcom 4.83%. Paramount Global jumped 7.57%. The U.S. 10-year-yield, though, surged again, up to 4.57%. Bitcoin advanced 0.25% to US$70,500.

In contrast, the TSX declined 0.31% as only three sectors gained and the other eight sank. Tech clocked in the best performance while energy and industrials were the worst. Top movers were Crescent Point Energy up 1.25%, CNQ -1.47%, Cenovus -3.15%, Oceanagold 4.4% and Maple Leaf Foods -5.7%. Gold climbed to US$2,374 an ounce while WTI declined 0.65% to US$85.65.

🍎 Apple Inc (AAPL-Q) +4.39%

📦 Amazon.com, Inc. (AMZN-Q) +1.93%

💾 NVIDIA Corporation (NVDA-Q) +3.87%

🧬 Broadcom (AVGO-Q) +4.83%

🎞 Paramount Global (PARA-Q) +7.57%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.25%

🛢 Crescent Point Energy Corp (CPG-T) +1.25%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.47%

🛢 Cenovus Energy (CVE-T) -3.15%

⛏ Oceanagold Corp (OGC-T) +4.4%

🚚 Maple Leaf Foods (MFI-T) -5.7%