Minerals lead TSX to record close

The mining sector soared on Wednesday, pulling the TSX to fresh highs. The Canadian index rose 0.9% or 279 points to 31,180, the first time above 31,000. Nearly all sectors rallied, as only discretionary dipped into the red. By far, minerals were the leader as Aya Gold & Silver leapt 13.47%, Endeavour Silver 9.79%, Discovery Silver 8.72% and First Majestic Silver 8.52%. In contrast, the most active name, Manulife, slipped 1.99%. Gold itself climbed US$34 to US$4,164 while WTI added 1.1% to US$58.60.

Wall Street remained optimistic that the U.S. Fed will cut interest rates next month and extended its rally. The S&P climbed 0.69%, the Nasdaq 0.82% or nearly 200 points and the Dow 0.67% or more than 300 points. Major movers: Robinhood soared 10.93%, Teradyne 6.98%, Dell 5.83% and AppLovin 4.93% while the most-active name again, Nvidia climbed 1.37%. Bitcoin continued to regain momentum by adding US$3,200 to US$90,201. In contrast, the U.S. 10-year yield fell below 4%.

⛏ Aya Gold & Silver (AYA-T) +13.47%

⛏ Endeavour Mining Capital (EDV-T) +9.79%

🥈 Discovery Silver (DSV-T) +8.72%

🥈 First Majestic Silver (AG-N) +8.52%

🏛 Manulife Financial (MFC-T) -1.99%

🏛 Robinhood (HOOD-Q) +10.93%

🧬 Teradyne Inc (TER-Q) +6.98%

💻 Dell Computers (DELL-N) +5.83%

💾 AppLovin Corporation (APP-Q) +4.93%

💾 NVIDIA Corporation (NVDA-Q) +1.37%