Chips fall, oil rises
The Financial Times reported that OpenAI’s revenues came in lower than expected, which pressured semiconductor stocks on Thursday. Nvidia fell 3.04% and Intel slid 5.48%. The Nasdaq sank 1.3% while the S&P fell 0.53% though the Dow was flat. Other movers: Bloom Energy -6.76%, Chipotle 7.2% and GoDaddy 6.42%. The U.S. 10-year yield inched down to 5.225% while Bitcoin gave back nearly 2% to US$81,800.
A surge in oil prices pushed the TSX higher by 0.27% or nearly 100 points. WTI jumped over 3% to US$91.10 on belligerent and at times contradictory statements by Trump towards Iran. Seven sectors rallied while healthcare and three others lost ground. Major movers on Bay Street: CNQ 3.01%, Cenovus 2.52%, Denison Mines -7.92%, MDA Space -6.12% and Richelieu Hardware 11.39%.
💾 NVIDIA Corporation (NVDA) -3.04%
💾 Intel (INTC) -5.48%
⚡ Bloom Energy (BE) -6.76%
🌶 Chipotle Mexican Grill (CMG) +7.2%
💾 Go Daddy (GDDY) +6.42%
🅱 Bitcoin (BTCUSD) (BTC-USD) -2%
🛢 Canadian Natural Rsrcs (CNQ.TO) +3.01%
🛢 Cenovus Energy (CVE.TO) +2.52%
⛏ Denison Mines Corp (DML.TO) -7.92%
🧬 MDA Space Ltd. (MDA.TO) -6.12%
⚙ Richelieu Hardware (RCH.TO) +11.39%
