New highs post-Fed

A day after the U.S. Fed stuck to its plan of three interest rate cuts sometime this year, markets in New York and Toronto continued to rally, with all three major American making new highs. The S&P rose 0.38% to 5,244, the Nasdaq 0.24% to 16,411, and the Dow 0.75% to 39,806.

No surprise that tech led the rally: Super Micro Computers jumped 8.38%, Broadcom 5.64%, Western Digital 4.97% and Micron soared 14.13% after reporting earnings. However, Apple sank 4.09% after the Department of Justice filed an antitrust suit. The U.S. 10-year yield held around 4.271% as Bitcoin slipped 3.5% to $65,500.

The TSX also climbed, up 0.28% to within a hair of all-time highs. Sectors were mixed, though, with gainers like industrials and financials slightly outpacing major laggard, consumer staples. Notable names were Celestica up 7.21%, BlackBerry 5.35%, Capstone Copper 3.10%, First Quantum Minerals -5.78% and Alimentation Couche-Tard -4.21%. Though WTI crude gave back 0.33% to $81 a barrel, gold touched a new high of $2,200 an ounce during the session.

💾 Super Micro Computer (SMCI-Q) +8.38%

💾 Broadcom (AVGO-Q) +5.64%

💾 Western Digital (WDC-Q) +4.97%

💾 Micron Technology (MU-Q) +14.13%

🍎 Apple Inc (AAPL-Q) -4.09%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -3.5%

🧬Celestica Inc (CLS-T) +7.21%

📱 BlackBerry (BB-T) +5.35%

⛏ Capstone Copper Corp (CS-T) +3.10%

⛏ First Quantum Minerals (FM-T) -5.78%

🍱 Alimentation Couche-Tard (ATD-T) -4.21%