Nvidia and tech rebound

Allan Tong Posted On June 25, 2024

Markets leader Nvidia recovered some recent losses by rebounding 6.47% Tuesday. Its performance lifted the Nasdaq by 1.24% as the S&P added 0.35% and the Dow shed 0.8%. The cruise lines sailed to generous gains as Carnival popped 7.87% and Norwegian 4.8%. Pool sank 8.49% and Tesla advanced 2.49%. The U.S. 10-year yield inched down to 4.23%, but Bitcoin rose 2.7% to nearly US$62,000.

Canada’s May inflation rate climbed unexpectedly to 2.9%. All but two sectors sank, led by discretionary and materials. Staples rallied the most. Major movers: Celestica 4.58%, Telus -2.03%, GoEasy 2.32%, Ballard Power -6.27% and Capstone Copper -6.14%. Gold shed US$15 to US$2,319 and WTI slid 1% to US%80.80.

💾 NVIDIA Corporation (NVDA-Q) +6.47%

🚢 Carnival Corp. (CCL-N) +7.87%

🚢 Norwegian Cruise Line Holdings (NCLH-N) +4.8%

🚚 Pool Corporation (POOL-Q) -8.49%

🚗 Tesla Inc (TSLA-Q) +2.49%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.7%

🧬 Celestica Inc (CLS-T) +4.58%

📱 Telus Corp (T-T) -2.03%

🏛 goeasy (GSY-T) +2.32%

🧬 Ballard Power Systems (BLDP-T) -6.27%

⛏ Capstone Copper Corp (CS-T) -6.14%