Microsoft hits highs, markets rise

Microsoft dominated Monday’s headlines by hiring the CEO of OpenAI after its board fired him. OpenAI are the creators of the game-changing ChatGPT, and most workers at OpenAI are threatening to jump ship to join Microsoft. The drama pushed MSFT shares 2.05% higher to make a new all-time high. The rest of the market didn’t do too badly either as the S&P advanced 0.74%, the Nasdaq 1.13%, and the Dow 0.58% to close past 35,000.

Other key names on Monday were Nvidia up 2.17%, Paramount Global 5.61%, Palo Alto 5.24% and Bristol-Myers -3.82%. The U.S. 10-year edged down to 4.42% while Bitcoin slipped 0.15% to $37,300.

The Canadian market also enjoyed gains as the TSX rose 0.32%. Almost all sectors rallied, led by financials, tech and real estate. Great-West Lifeco advanced 1.4%, Lundin Mining 5.12%, Osisko 6.51% and Dye & Durham 6.49%. WTI crude surged 2.25% to trade at $77.60 a barrel.

Ⓜ Microsoft Corp (MSFT-Q) +2.05%

💾 NVIDIA Corporation (NVDA-Q) +2.17%

🎞 Paramount Global (PARA-Q) +5.61%

💾 Palo Alto Networks (PANW-N) +5.24%

🧫 Bristol Myers Squibb (BMY-N) -3.82%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.15%

🏛 Great West Lifeco (GWO-T) +1.4%

⛏ Lundin Mining Corp. (LUN-T) +5.12%

🥇 Osisko Gold Royalties Ltd. (OR-T) +6.51%

💾 Dye & Durham (DND-T) +6.49%