Inflation optimism fuels mild rebound
Tuesday saw investors sentiment rise slightly as the street felt optimistic about American consumer inflation numbers that will be released later this week. The S&P finished 0.7%, the Nasdaq 1%, and the Dow 0.56% to top 3,900.
Key move4rs were Amazon up 2.87%, Warner Bros. Discovery at 8.18%, Meta 2.72%, Dish Network -6.26% and Illumina -6.2%. The U.S. 10-year yield inched up to 3.623% while Bitcoin added 1.6% to $17,400.
The TSX advanced 0.21% with most sectors positive. Materials and real estate outperformed, but utilities lagged. Major movers here were Telus up 4.9%, Nuvei 8.82% (after announcing an acquisition), Suncor -1.2% as the most-traded stock, Arc Resources -3.48% and Equinox Gold jumping 8.52%. WTI slipped by 0.25% to $74.50.
📦 Amazon.com (AMZN-Q) +2.87%
📺 Warner Bros. Discovery (WBD-Q) +8.18%
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +2.72%
📺 DISH Network Corporation (DISH-Q) -6.26%
🧫 Illumina Inc. (ILMN-Q) -6.2%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.6%
📱 Telus Corp (T-T) +4.9%
💻 Nuvei Corp (NVEI-T) +8.82%
🛢 Suncor Energy Inc (SU-T) -1.2%
🛢 Arc Resources Ltd (ARX-T) -3.48%
🥇 Equinox Gold (EQX-T) +8.52%
