Netflix leads Wall Street higher
Netflix reported after the bell on Tuesday and shares soared Wednesday to close 10.47% higher. The optimism over the top streamer extended to other areas of tech as Microsoft touched US$3 trillion in market cap during the session and closed at a new high above $400 per share. Other AI names rallied, including AMD by 5.69% and Applied Materials at 4.33%. Meanwhile, Freeport-McMoRan advanced 4.53%. The S&P rose 0.24% to close at a record high of 4,876, the Nasdaq added 0.54% to yet another 52-week high, at 15,508, though the Dow shed 0.1%. The U.S. 10-year yield held around 4.182% while Bitcoin slipped 0.6% to just below $40,000.
In contrast, the TSX was flat, shedding five points though it remained above 21,000. Energy was the only real gainer on Tuesday while materials and real estate led most of the sectors down. Minerals rallied. Capstone Copper popped 7.53% and Ero Copper 5.44%, though B2Gold sank 10.45%. BlackBerry sank nearly 18% though Cenovus rose 2.35%. WTI gained 1.3% to $75.35 a barrel. To no one’s surprise, the Bank of Canada held the key interest rate.
📺 Netflix Inc. (NFLX-Q) +10.47%
💾 Advanced Micro Devices (AMD-Q) +5.69%
🧬 Applied Materials (AMAT-Q) +4.33%
⛏ Freeport McMoran Copper & Gold (FCX-N) +4.53%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.6%
⛏ Capstone Copper Corp (CS-T) +7.53%
⛏ Ero Copper Corp (ERO-N) +5.44%
🥇 B2Gold Corp. (BTO-T) -10.45%
📱 BlackBerry (BB-T) -18%
🛢 Cenovus Energy (CVE-T) +2.35%