Banks lift TSX, CRM sinks Dow
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Earnings moved Bay and Wall streets in different directions Thursday. The Canadian banks continued to report with Royal and CIBC announcing beats, which lifted their shares by 5.19% and 7.01% respectively. Similarly, EQB jumped 13.52%. Aside from financials, utilities also rallied, with Boralex advancing 7.05% and Innergex Renewable Energy popping 8.17%. All sectors but tech were in the green. Gold inched up to US$2,340 as WTI sank 1.7% to slip below US$78 a barrel. The TSX rebounded 0.73% and returned to 22,000 territory.
Meanwhile on Wall Street, Salesforce reported a miss and CRM shares tanked nearly 21%. ServiceNow sank about 12%. Elsewhere, Nvidia closed -3.93%, HP rallied 16.28% and BestBuy jumped about 13% after reporting. The S&P was flat for the day, while the Nasdaq gained 0.58% and the Dow sank 0.57%. Bitcoin rose 1.1% to $68,300 as the U.S. 10-year yield hovered around 4.532%.
🏛 Royal Bank (RY-T) +5.19%
🏛 Canadian Imperial Bank of Commerce (CM-T) +7.01%
🏛 Equitable Group (EQB-T) +13.52%
💡 Boralex Inc. (BLX-T) +7.05%
♻ Innergex Renewable Energy (INE-T) +8.17%
💨 SalesForce.com Inc. (CRM-N) -21%
💾 Servicenow (NOW-N) -12%
💾 NVIDIA Corporation (NVDA-Q) -3.93%
💻 Hewlett-Packard Co (HPQ-N) +16.28%
💳 Best Buy Company Inc (BBY-N) +13%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.1%