Bitcoin marches higher, stocks modestly rise

The week began with Bitcoin jumping 3.25% to remain at highs just under US$92,000. Meanwhile, stocks in Toronto and New York enjoyed a moderate rise. The TSX added 0.33% to nearly return to 25,000. Only three sectors advanced, led by outsized gains in materials while staples lagged the most.

Influential names included CNQ up 1.2%, Manulife -1.56%, Mattr -4.57%, Energy Fuels jumping 9.22% and Orla Mining rallying 7.93%. Gold advanced US$47 to US$2,610 while WTI crude popped 3.2% to US$69.15.

In New York, the S&P rose 0.4%, the Nasdaq 0.55% and the Dow -0.12%. Major movers were Nvidia at -1.37% ahead of earnings mid-week, Super Micro Computer soaring 16.52%, Tesla 5.61%, Palantir -6.9% and Henry Schein 7.55%. The U.S. 10-year yield held around 4.4%.

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.25%

🛢 Canadian Natural Rsrcs (CNQ-T) +1.2%

🏛 Manulife Financial (MFC-T) -1.56%

⚙ MATTR CORP (MATR-T) -4.57%

🛢 Energy Fuels Inc. (EFR-T) +9.22%

⛏ Orla Mining (OLA-T) +7.93%

💾 NVIDIA Corporation (NVDA-Q) -1.37%

💾 Super Micro Computer (SMCI-Q) +16.52%

🚗 Tesla Inc (TSLA-Q) +5.61%

💾 Palantir Technologies (PLTR-N) -6.9%

🚚 Henry Schein Inc. (HSIC-Q) +7.55%