Markets continue to rip
Tuesday saw markets extend Monday’s rally by rallying even higher. The Australian central bank surprised many by raising its rates lower than expected. Add to that August job openings declined the most in over two years. That news fulled bullish sentiment as the S&P jumped over 3%, the Nasdaq 3.34% past 11,000, and the Dow 2.8% to top 30,000.
There was green across the board, especially in travel and tech. Royal Caribbean and competitor Norwegian both sailed 17% further as Carnival leapt 13.8%. Meanwhile, Wynn Resorts rallied 9.44%, Tesla 2.87% and Apple 2.37%. However, those stocks paled next to Twitter which soared nearly 22% after Elon Musk threw in the towel and announced he would buy Twitter after all. Trading of Twitter had to be halted. The U.S. 10-year yield lost further ground, trading around3.639% as Bitcoin returned to the $20,000 club by leaping 3.5%.
Not to be outdone, the TSX rose 2.59% way past 19,000. Oil and tech were the big leaders as WTI popped over 3% to $86 and WCS added 1.4% to nearly $62. New reports state that OPEC+ will announce even greater production cuts. Major movers on Bay Street were Shopify up 12.72%, Lightspeed 8.73%, Nuvei 9.65%, Meg Energy up 9.11%, Baytex 6.66% and CNQ adding 5.87%.
🚢 Royal Caribbean Cruises (RCL-N) +17%
🚢 Norwegian Cruise Line Holdings (NCLH-N) +17%
🚢 Carnival Corp. (CCL-N) +13.8%
🏢 Wynne Resorts Ltd. (WYNN-Q) +9.44%
🚗 Tesla Motors Inc (TSLA-Q) +2.87%
🍎 Apple (AAPL-Q) +2.37%
🐦 Twitter, Inc (TWTR-N) +22%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.5%
🛍 Shopify Inc. (SHOP-T) +12.72%
💾 Lightspeed Commerce Inc (LSPD-T) +8.73%
💳 Nuvei Corp (NVEI-T) +9.65%
🛢 MEG Energy Corp (MEG-T) +9.11%
🛢 Baytex Energy Corp (BTE-T) +6.66%
🛢 Canadian Natural Rsrcs (CNQ-T) +5.87%