Bitcoin surges, stocks climb

Allan Tong Posted On January 21, 2025

Bitcoin topped US$106,000 by the closing bell, after rallying US$3,700 on Tuesday. Meanwhile, stocks in both New York and Toronto finished modestly higher after a weak start. The S&P returned to 6,000 after climbing 0.88%, the Nasdaq 0.64% and the Dow jumped 1.24% past 44,000.

Influential names included Nvidia up 2.27%, Apple -3.19% after suffering a downgrade, Amazon 2.11%, Walgreens -9.19% and Vistra 8.48%. The U.S. 10-year yield lost a little ground and hovered around 4.562%.

New U.S. President Trump signaled that tariffs against Canada would start on February 1 which sent Bombardier plunging 5.04%. Sectors were mixed with tech rallying the most and energy and healthcare falling the furthest. Other major movers: Celestica up 3.04%, CargoJet -4.43%, Energy Fuels 4.74% and Torex Gold 3.98%. WTI sank US$2 to US$75.90, but gold rose US$34 to US$2,742. The Canadian inflation rate, year-over-year, for December came in at a lower-than-expected 1.8%

💾 NVIDIA Corporation (NVDA-Q) +2.27%

🍎 Apple Inc (AAPL-Q) -3.19%

📦 Amazon.com, Inc. (AMZN-Q) +2.11%

💊 Walgreen Boots Alliance (WBA-Q) -9.19%

💡 Vistra (VST-N) +8.48%

🚂 Bombardier Inc (B) (BBD.B-T) -5.04%

🧬 Celestica Inc (CLS-T) +3.04%

✈ Cargojet Inc (CJT-T) -4.43%

⛏ Energy Fuels Inc. (EFR-T) +4.74%

🥇 Torex Gold Resources (TXG-T) +3.98%