Markets rebound, Nvidia beats
Markets rallied nearly across the board Wednesday as the bulls roared back after recent selling. Except for energy, all sectors on the TSX climbed, led by consumer staples, materials and real estate. The TSX gained nearly 1% to approach 20,000.
Wall Street eagerly awaited Nvidia‘s earnings after the closing bell. The leader in AI advanced 3.19% during the session, and popped another 8% after reporting a beat and delivering a positive forecast. That performance helped lift the Nasdaq by 1.89%. The S&P rose 1.1% to move past 4,400 while the Dow gained 0.54%. Helped by Nvidia’s sentiment, AMD rose 3.78%. Earnings triggered extreme moves in several stocks. Zoom Video zoomed 3.56%, Abercrombie & Fitch soared 23.54%, but Foot Locker tanked 28.28%. The U.S. 10-year yield ticked down to 4.19% while Bitcoin rose 2% to $26,500.
🏛 Manulife Financial (MFC-T) +1.22%
🛍 Shopify Inc. (SHOP-T) +4.96%
🛢 Cenovus Energy (CVE-T) -1.54%
🛢 Baytex Energy Corp (BTE-T) -1.87%
🥇 Equinox Gold (EQX-T) +6.88%
💾 NVIDIA Corporation (NVDA-Q) +3.19%
💾 Advanced Micro Devices (AMD-Q) +3.78%
📹 Zoom Video Communications Inc. (ZM-Q) +3.56%
👕 Abercrombie & Fitch (ANF-N) +23-54%
🛍 Foot Locker (FL-N) -28.28%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2%