Stockchase-logo
Track Stocks Watchlist
Top Picks Today
=iconClose Home All Opinions Top Picks Stocks Experts Top Experts Panic-proof Top 100 Stocks Monthly gems News
Watchlist Track Stocks
Top Picks Today
Home » Daily

Markets rally on higher U.S. inflation news

Allan Tong Posted On June 10, 2021
0
0
Shares
  • Share On Facebook
  • Tweet It

On Thursday, the U.S. released higher-than-expected inflation numbers which the markets surprisingly embraced. Apparently, bond and equity traders interpreted inflation is a transitory phased, based on CPI numbers that were the highest since 2008. The Dow barely budged, but the S&P rallied 0.47% to strike a new high of 4,239, while the Nasdaq jumped 0.78% to top 14,000. Tech and healthcare led the charge.

Eli Lilly leapt 3.34%, Adobe by 4%, Amazon 2% and Biogen 2.19%. Reddit faves were out of favour as AMC closed -4.5% and Bed Bath & Beyond -7.84%. On the Dow, financials and industrials showed weakness as Goldman Sach finished -2.58% and Caterpillar -3.68%. Gold inched above $1,900 per ounce while Bitcoin edged up 1.5%. Most notably, the U.S. 10-year yield slid 3.39% to 1.442%.

Materials and healthcare gained and helped lift the TSX by 0.26%. Notably gainers included Barrick Gold up 2.8%, Dollarama by 1.93%, Kinaxis 5.27% and Birchcliff Energy which popped 8.87%. Cannabis saw some weakness as Tilray plunged 6.81%. The Reddit trade extended to Blackberry again as shares tumbled 8.14%. The prices of WTI and WCS crude advanced by around a third of a percent. The TSX closed right below its historic high.

💊 Eli Lilly & Co. +3.34%
💾 Adobe Systems +4%
📦 Amazon.com +2%
🧫 Biogen IDEC Inc. +2.19%
🎞 AMC Entertainment Holdings Inc. -4.5%
🛏 Bed Bath & Beyond -7.84%
🏛 Goldman Sachs -2.58%
🏗 Caterpillar -3.68%
🅱 The Bitcoin Fund +1.5%
🥇 Barrick Gold +2.8%
🛍 Dollarama Inc. +1.93%
💿 Kinaxis Inc +5.27%
🛢 Birchcliff Energy Ltd. +8.87%
🌿 Tilray Inc. -6.81%
📱 BlackBerry -8.14%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
This Week's Stock Picks & BNN Top Picks Summary: SLF-T, TA-T and 19 Stock and 1 ETF Top Picks (Apr 25-May 01)
Melisa R. H. May 2, 2025
Weekly 52-Week Low (or 52-Week High): DPM-T, III-T, SOY-T, IPO-T and More 52-Week Highs and Lows (Apr 16-22)
Melisa R. H. April 23, 2025
TSX and S&P make record closes
Read Next

TSX and S&P make record closes

  • logo

    We’re fintech passionates that reinvest almost all our revenues into the development of Stockchase and Wealthica. We hope you enjoy Stockchase and join Premium!

  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2023)
      8.5
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)
  • Popular Posts

    • This Week's Stock Picks & BNN Top Picks Summary: SLF-T, TA-T and 19 Stock and 1 ETF Top Picks (Apr 25-May 01)
    • Weekly 52-Week Low (or 52-Week High): DPM-T, III-T, SOY-T, IPO-T and More 52-Week Highs and Lows (Apr 16-22)
    • Most Anticipated Earnings: NGT-T, WCN-T and more Canadian Companies Reporting Earnings this Week (Apr 21-25)
  • Stock Lists

    • Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA...
      November 10, 2023
    • 13 Recession-Proof Stocks for Portfolio Safety
      October 26, 2023
    • The Ultimate Top Drone Stocks List for Sky-High Returns...
      October 25, 2023
    • Top Hotel Stocks to Buy for your Growth Portfolio
      October 12, 2023
    • Which Brookfield Stock to Buy? BAM vs BN: the Inspiring...
      October 9, 2023



  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search