Election rally

As Americans voted for their next president, markets in New York as well as Toronto rallied. On Tuesday, the S&P rose 1.12%, the Nasdaq 1.32% and the Dow 0.89%. At the same time, earnings season continued.

Palantir reported and shares soared 23.26%. Meanwhile, Nvidia jumped 2.59% to surpass Apple as the world’s most valuable company, Super Micro Computer rallied 5.34% before reporting disappointing earnings after the close, Emerson Electric popped 6.88% and Wynne Resorts finished -9.56%. The U.S. 10-year yield held around 4.289% while Bitcoin rose 3.4% to US$69,360.

In Toronto, the TSX climbed 0.43% as utilities, healthcare and staples led most sectors higher. Only three lagged, starting with consumer discretionary. Major movers: TransAlta up 6.92%, Capital Power 5.28%, Ivanhoe Mines 5.16%, BCE -1.36% and CargoJet -6.53%. Gold edged up US$6 to US$2,792 while WTI crude advanced almost 1% to US$72.15.

💾 Palantir Technologies (PLTR-N) +23.26%

💾 NVIDIA Corporation (NVDA-Q) +2.59%

💾 Super Micro Computer (SMCI-Q) +5.34%

🧬 Emerson Electric (EMR-N) +6.88%

♠ Wynne Resorts Ltd. (WYNN-Q) -9.56%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.4%

💡 Transalta Corp (TA-T) +6.92%

💡 Capital Power (CPX-T) +5.28%

⛏ Ivanhoe Mines Ltd (IVN-T) +5.16%

📱 BCE Inc. (BCE-T) -1.36%

🛫 Cargojet Inc (CJT-T) -6.53%