Gold and stocks rip higher
The week began where the previous one ended, with stocks marching to record highs. The TSX added 176 points or 0.59% to 29,944, while the S&P rose 0.44%, the Dow 0.14% and the Nasdaq 0.7%. Aiding this momentum was gold, which rallied 1.65% to US$3,746 to new highs. Bitcoin slumped 2.8%, though, to US$112,180 while the U.S. 10-year yield held around 4.15%.
On Bay Street, sectors were actually mixed, but outsized gains in materials and energy more than offset weakness in staples and other laggards. Key names included CNQ up 1.88%, Barrick Gold 7.44%, Discovery Silver 12.37%, Bombardier 7.8% and Chorus Aviation which soared 12.51% after announcing a major share buyback. On Wall Street, Nvidia was once again the most influential name, popping 3.93%, as Apple jumped 4.31%, Oracle 6.31%, Teradyne 12.79% though Kenvue slid 7.17%.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2.8%
🛢 Canadian Natural Rsrcs (CNQ-T) +1.88%
🥇 Barrick Gold Corp (ABX-N) +7.44%
🥈 Discovery Silver (DSV-T) +12.37%
🚂 Bombardier Inc (B) (BBD.B-T) +7.8%
🛫 Chorus Aviation Inc (CHR-T) +12.51%
💾 NVIDIA Corporation (NVDA-Q) +3.93%
🍎 Apple Inc (AAPL-Q) +4.31%
💻 Oracle (ORCL-N) +6.31%
🧬 Teradyne Inc (TER-N) +12.79%
🧼 Kenvue (KVUE-N) -7.17%
