Materials, tech lead rally
Markets bounced back on Tuesday as materials led the TSX higher and tech boosted American indices. The Canadian index rallied 1.17% or over 400 points. Sectors were mixed on Bay Street after mining and energy stocks did the heavy lifting and staples lagged the most. Silver jumped over 4% to US$58.55, gold rose nearly 2% to US$4,080 and WTI climbed 2% to US$84.90 as the U.S. and Iran continue to trade fire and disrupt the flow of crude. Key names in Toronto: Celestica 11.12%, Whitecap Resources 2.65%, Thomson Reuters -4.72%, West Fraser -4.45 and Discovery 10.49%.
On Wall Street, the S&P advanced 0.89%, the Nasdaq 1.29% and the Dow 0.74%. Chips and memory stocks roared back after recently slumping. Sandisk soared 14.27%, Western Digital 12.51%, Micron 12.17% and Intel 8.64%. Meanwhile, Danaher sank 10.99%. Bitcoin added 1.6% to US$66,360. The U.S. 10-year yield continued to climb, up to 4.628%.
🧬 Celestica Inc (CLS.TO) +11.12%
🛢 Whitecap Resources (WCP.TO) +2.65%
🖨 Thomson Reuters Corp (TRI.TO) -4.72%
🌲 West Fraser Timber (WFG.TO) -4.45%
⛏ Discovery Silver (DSV.TO) +10.49%
💾 Sandisk Corp (SNDK) +14.27%
💾 Western Digital (WDC) +12.51%
💾 Micron Technology (MU) +12.17%
💾 Intel (INTC) +8.64%
👨⚕️ Danaher Corp. (DHR) -10.99%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1.6%
