Mideast talks, software rally pushes Wall Street to highs
The month began with mixed news from the Middle East after Iran ended peace talks and continued blocking the flow of oil, but later Trump announced that he was resuming these talks. Meanwhile, Nvidia CEO, Jensen Huang, announced that AI posed no threat to software companies. These two developments pulled American indices out of the red and into positive territory: the S&P up 0.26% and the Nasdaq 0.42%, both to record highs,and the Dow 0.09%.WTI spiked 5.7% to US$92.30 but was off the high of the day. Software surged across the board, including ServiceNow by 9.24% and Adobe 5.72%. However, Meta slid 5.07% and Ford skidded 4.64%. Once more, Nvidia was the most influential name, adding 6.26%. Bitcoin sank over US$2,000 to US$71,570. The U.S. 10-year yield remained at 4.453%.
Despite tech and energy surging, the TSX declined 34 points. Sectors were mixed with materials and financials faring the worst. Key names: Celestica soaring 10.36%, Parex Resources 10.27%, BlackBerry 8.74%, Thomson Reuters 8.63% and Equinox Gold -8.19%. Gold slipped US$57 to US$4,482 as silver declined 0.6% to US$74.70
💾 Servicenow (NOW) +9.24%
💾 Adobe Systems (ADBE) +5.72%
🕵️♀️ Meta Platforms, Inc. (META) -5.07%
🚘 Ford Motor (F) -4.64%
💾 NVIDIA Corporation (NVDA) +6.26%
🧬 Celestica Inc (CLS.TO) +10.36%
🛢 Parex Resources Inc. (PXT.TO) +10.27%
📱 BlackBerry (BB.TO) +8.74%
🖨 Thomson Reuters Corp (TRI.TO) +8.63%
🥇 Equinox Gold (EQX.TO) -8.19%
