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Spreadsheet
Tuesday saw the major indices in Toronto and New York convincingly rise as regulators and big banks in Europe and the U.S. rushed the rescue the failing banks and restore market confidence. In Canada, more good news came with February’s inflation number coming in at 5.2%, much lower than January’s 5.9%.
The TSX rose 0.76%, led by strong moves in energy and financial names: Suncor by 2.76%, Crescent Point Energy 7.45%, Tilray 7.54% and Royal and TD banks both advancing by almost 1%. WTI crude popped 2.5% past $69.
On Wall Street, the S&P added 1.28%, the Nasdaq 1.55%, and the Dow 0.93%. Major movers were Tesla jumping 7.83%, First Republic Bank bouncing nearly 30%, Alphabet 3.52% as big tech rallied, Bank of America up 2.97% as major banks also climbed and Intel shedding 2.54%. Banks led the rally. The U.S. 10-year yield inched up to 3.6% while Bitcoin returned above $28,000. All eyes are on the U.S. Fed for Wednesday’s interest rate decision.
🛢 Suncor Energy Inc (SU-T) +2.76%
🛢 Crescent Point Energy Corp (CPG-T) +7.45%
🌿 Tilray Inc. (TLRY-Q) +7.54%
🏛 Royal Bank (RY-T) +1%
🏛 Toronto Dominion (TD) (TD-T) +1%
🚗 Tesla Inc (TSLA-Q) +7.83%
🏛 First Republic Bank (FRC-N) +30%
🧮 Alphabet Inc (GOOG-Q) +3.52%
🏛 Bank of America (BAC-N) +2.97%
💾 Intel (INTC-Q) -2.54%
