TSX and U.S. stocks rise on trade hopes

Wall Street looked past the recent OECD downgrade of U.S. growth to pin its hopes on the U.S. and China talking trade this week. The sentiment lifted the S&P by 0.58%, the Nasdaq by 0.81% and the Dow by 0.51%. Once more, Nvidia led the way by rallying 2.8%. Also notable were ON Semiconductor soaring 11.35%, Dollar General 15.85%, First Solar 6.5%, Dollar Tree 6.01% and CME Group -2.89% Bitcoin gained US$950 to US$105,880 while the U.S. 10-year yield held around 4.456%

The TSX hit new highs of 22,426 after advancing 37 points. Sectors were slightly more positive than negative, led by outsized gains in energy as well as utilities while staples lagged the most. Algonquin Power announced a turnaround plan that sent its stock leaping 16.03%. Other movers: Denison Mines 11.06%, CNQ 2.18%, Great-West Lifeco -1.27% and WSP Global -2.96%. Gold gave back US$25 to US$3,353 as WTI spiked 1.33% to US$63.35.

💾 NVIDIA Corporation (NVDA-Q) +2.8%

🧬 ON Semiconductor (ON-Q) +11.35%

🛒 Dollar General Corp. (DG-N) +15.85%

⛏ First Solar Inc. (FSLR-Q) +6.5%

🌳 Dollar Tree (DLTR-Q) +6.01%

🏛 CME Group Inc (CME-Q) -2.89%

💡 Algonquin Power & Utilities Corp (AQN-T) +16.03%

⛏ Denison Mines Corp (DML-T) +11.06%

🛢 Canadian Natural Rsrcs (CNQ-T) +2.18%

🏛 Great West Lifeco (GWO-T) -1.27%

⚙ WSP Global Inc. (WSP-T) -2.96%