Stocks partially recover

Wednesday saw Wall and Bay streets partially recover Tuesday’s sharp losses, fed by concerns of overvaluation in AI tech stocks. The S&P rose 0.37%, the Nasdaq 0.65% and the Dow 0.48% while the TSX advanced 1.09% or 325 points.

Tech counted among the major gainers including Intel by 3.65%, Tesla 4.01% and Seagate 10.14%, but Nvidia slipped 1.75% and Super Micro Computer tanked 11.33%. In Toronto, all but the telcos climbed higher, none more so than tech, energy, materials and healthcare. On Bay Street, the major movers included B2Gold up 1.6%, Suncor 4.53%, ATS soaring 10.47%, Iamgold 8.57% and Cargojet sinking 13.89%.

In commodities, gold increased US$50 to US$3,982 though WTI sank 1.55% to US$59.60. Bitcoin recovered 3.35% to US$103,615. Meanwhile, the U.S. 10-year yield edged up to 4.163%.

💾 Intel (INTC-Q) +3.65%

🚗 Tesla Inc (TSLA-Q) +4.01%

💾 Seagate Technology (STX-Q) +10.14%

💾 NVIDIA Corporation (NVDA-Q) -1.75%

💾 Super Micro Computer (SMCI-Q) -11.33%

🥇 B2Gold Corp. (BTO-T) +1.6%

🛢 Suncor Energy Inc (SU-T) +4.53%

🧬 ATS Automation Tooling Systems (ATS-T) +10.47%

🥇 Iamgold Corp (IMG-T) +8.57%

🛫 Cargojet Inc (CJT-T) -13.89%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.35%