Precious metals and computer memory lift markets to highs

The new year rally extended to Tuesday as precious metals and computer memory stocks powered the Toronto and New York markets to record highs. The TSX rallied 0.58% or 188 points to a record close of 32,407, while the S&P rose 0.58% to 6,944 and the Dow 0.99% to 49,462, both also highs. Meanwhile, the Nasdaq climbed 0.65% to flirt with its own all-time high.

In Toronto, precious metals led seven sectors higher while tech also rallied and energy continued to fade. With silver jumping more than 6% to US$81.25 and gold up US$47 to US$4,496, First Majestic Silver leapt 10.06%, Aya Gold & Silver 6.43% and Endeavour Silver 8.38%. Meanwhile, the most active names were CNQ at -1.54% and TD -1.16%. In New York, computer memory stocks soared: Sandisk 27.56%, Western Digital 16.77% and Seagate 14%. Among the most active names were Tesla at -4.14% and Chevron -4.46% after oil stocks snapped back following Monday’s rally. WTI crude sank 2.3% to nearly US$57. 

🥈 First Majestic Silver (AG-N) +10.06%

⛏ Aya Gold & Silver (AYA-T) +6.43%

🥈 Endeavour Silver Corp. (EDR-T) +8.38%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.54%

🏛 Toronto-Dominion Bank (TD-T) -1.16%

🧬 SanDisk Corp (SNDK-Q) +27.56%

💾 Western Digital (WDC-Q) +16.77%

💾 Seagate Technology (STX-Q) +14%

🚗 Tesla Inc (TSLA-Q) -4.14%

🛢 Chevron Texaco (CVX-N) -4.46%