New Wall Street highs before tech earnings
On Monday, American markets scaled new highs on the eve of megatech names reporting. Meta and Microsoft notched record highs after rising 1.75% and 1.43% respectively a day before they report. Their performance helped lift the Nasdaq 1.04%. The S&P rose 0.66% to 4,923 and the Dow by 0.48% to 38,333, both fresh highs. Elsewhere, Carnival climbed 4.07% and Illumina 4.03%. The U.S. 10-year yield slipped to 4.082%. Bitcoin advanced 2.65% to $43,100.
The TSX made another 52-week high by closing at 21,200 after adding 0.35%. Nearly all sectors were up, starting with staples, tech and real estate while energy lagged. Notable names: Baytex -1.95%, Riocan REIT 1.74%, Meg Energy -3.5% and Ballard Power 4.52%. WTI slipped 1.35% to $77.
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +1.75%
Ⓜ Microsoft Corp (MSFT-Q) +1.43%
🚢 Carnival Corp. (CCL-N) +4.07%
🧫 Illumina Inc. (ILMN-Q) +4.03%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.65%
🛢 Baytex Energy Corp (BTE-T) -1.95%
🏛 RioCan Real Estate Investment (REI.UN-T) +1.74%
🛢 MEG Energy Corp (MEG-T) -3.5%
🧬 Ballard Power Systems (BLDP-T) +4.52%