Meta and Microsoft soar as markets sink
After reporting on late Wednesday strong earnings and upbeat forecasts, Mag 7 stalwarts Meta and Microsoft soared Thursday by 11.25% and 3.95% respectively. However, the Nasdaq itself sank 0.05% as did the S&P by 0.41% and the Dow by 0.8%. Other key names were Xylem which rallied 10.74%, eBay by 18.3%, Tesla -3.38% and Norwegian Cruise Line 9.23%. Bitcoin slipped US$600 to US$116,500 while the U.S. 10-year yield held around 4.37%.
Likewise, the TSX declined 0.52% after all sectors but materials lost ground. Health care and energy suffered the worst losses. Major movers: Baytex -2%, Tourmaline Oil -6.29%, Bausch Health -7.68%, Lightspeed -5.11% and GFL Environmental 5.94%. Gold climbed US$17 to US$3,292 while WTI slid 1% to US$69.30. Tech earnings continue Friday while many await news on a Canada-US trade deal.
🕵️♀️ Meta Platforms, Inc. (META-Q) +11.25%
Ⓜ Microsoft Corp (MSFT-Q) +3.95%
♻ Xylem Inc. (XYL-N) +10.74%
🛍 eBay Inc (EBAY-Q) +18.3%
🚗 Tesla Inc (TSLA-Q) -3.38%
🚢 Norwegian Cruise Line Holdings (NCLH-N) +9.23%
🛢 Baytex Energy Corp (BTE-T) -2%
🛢 Tourmaline Oil Corp (TOU-T) -6.29%
👨⚕️ Bausch Health Companies Inc. (BHC-T) -7.68%
💾 Lightspeed Commerce Inc (LSPD-T) -5.11%
♻ GFL Environmental Inc. (GFL-T) +5.94%
