Stocks rally ahead of tech earnings week
As yields held and oil declined, stocks rallied to begin the trading week. The TSX gained 0.44% or 155 points, the S&P 0.7%, the Nasdaq 0.82% and the Dow 0.28%.
In Toronto, sectors were mixed with financials and materials up and tech and discretionary down. Major movers included CAE up 4.57%, ERO Copper 4.62%, Lithium Americas -2.77%, Celestica -4.78%, and Hammond Power Solutions 5.77%. In New York: Fair Isaac -13.15%, DoorDash -6.1%, Lumentum 8.19%, Nvidia 2.39% and Intel 4.04%.
In commodities, WTI sank 1.65% to US$101.60, gold increased US$17 to US$,4013 though silver held at US$53.75. Bitcoin slipped US$600 to US$79,780. Finally, the U.S. 10-year yield held right below 5%.
🛫 CAE Inc (CAE.TO) +4.57%
⛏ Ero Copper Corp (ERO) +4.62%
⛓ Lithium Americas Corp (LAC.TO) -2.77%
🧬 Celestica Inc (CLS.TO) -4.78%
🧬 Hammond Power Solutions Inc. (HPS.A.TO) +5.77%
🖨 Fair Isaac Corp. (FICO) -13.15%
🛫 Doordash (DASH) -6.1%
🧬 Lumentum Holdings (LITE) +8.19%
💾 NVIDIA Corporation (NVDA) +2.39%
💾 Intel (INTC) +4.04%
