January ends positive with rally
On the eve of the U.S. Fed’s interest rate announcement, markets rallied Tuesday to end January in the green. On Wall Street, the S&P closed 1.46% (over 5% for the month), the Nasdaq 1.67% (1.7% in January), and the Dow 1.09%.
There was green across the board, but the biggest movers included carmakers GM up 8.32%, Ford by 4.62% and Tesla 3.88%, FedEx popping 5.32% and AMD up 3.55%, but falling further after hours on an earnings beat. The U.S. 10-year yield was 3.505% while Bitcoin added 1% to $23,000.
The TSX advanced 0.8% Tuesday, but rallied 6.81% in January. During the session, all sectors except utilities rose. Materials, financials and industrials outperformed the most. Major movers here were TD up 1.56%, Lithium Americas soaring 13.54%, Ivanhoe Mines by 7.48%, Athabasca Oil up 5.78%, though Denison Mines slid 3.08%. WTI oil rose 1.5% to $79 a barrel.
🚚 General Motors Corporation (GM-N) +8.32%
🚘 Ford Motor (F-N) +4.62%
🚗 Tesla Motors Inc (TSLA-Q) +3.88%
📦 FedEx (FDX-N) +5.32%
💾 Advanced Micro Devices (AMD-Q) +3.55%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1%
🏛 Toronto Dominion (TD) (TD-T) +1.56%
⛓ Lithium Americas Corp (LAC-T) +13.54%
⛏ Ivanhoe Mines (IVN-T) +7.48%
🛢 Athabasca Oil Sands Corp (ATH-T) +5.78%
⛏ Denison Mines Corp (DML-T) -3.08%
