Wednesday was the most important day of the quarter, perhaps the year, as investors awaited Nvidia’s latest quarterly results after the closing bell. The bellwether stock reported top- and bottom-line beats, but the street (as of this writing) was holding its breath for commentary from CEO Jensen Huang.
During the session, NVDA rallied, but jumped before settling 3.67% higher. Other influential names were Super Micro Computer which leapt 12.23% and Tesla which extended its losing streak by sinking 3.96%. Meanwhile, Intuit jumped 12.58% while Dollar General slid 5.59%. Bitcoin sank another 4.4% to US$84,350 while the U.S. 10-year yield slid below 4.3%. The S&P was flat, the Nasdaq faded after its morning rally to advance 0.26%, while the Dow declined 0.43%.
The TSX fared better, adding 0.53% or 133 points as materials and tech led nine of the 11 sectors higher. Key names: OceanaGold 5.29%, Stantec 6.83%, Fortuna 6.25%, and Celestica 5.47%. Bank earnings continued with National Bank reporting a top and bottom line beat, but also announced higher provisions for credit losses than expected. NA shares sold off by 5.47%. Otherwise, commodities were quiet, with gold adding US$2 to US$2,917, and WTI slipping 0.2% to US$68.80.
💾 NVIDIA Corporation (NVDA-Q) +3.67%
💾 Super Micro Computer (SMCI-Q) -12.23%
🚗 Tesla Inc (TSLA-Q) -3.96%
💾 Intuit Inc. (INTU-Q) +12.58%
🛒 Dollar General Corp. (DG-N) -5.59%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -4.4%
🥇 Oceanagold Corp (OGC-T) +5.29%
🧱 Stantec Inc (STN-T) +6.83%
⛏ Fortuna Silver Mines (FVI-T) +6.25%
🧬 Celestica Inc (CLS-T) +5.47%
🏛 National Bank of Canada (NA-T) -5.47%
