Nvidia leads tech higher

Allan Tong Posted On May 13, 2025

Markets in Toronto and New York modestly extended Monday’s gains, with tech once more leading the way. A catalyst was U.S. consumer inflation coming in slightly lighter than expected, up 0.2% in April to reduce the annual increase from 2.4% to 2.3%.

Tech bulls seized the moment to push the most influential names higher: Nvidia 5.63%, Tesla 4.43% and Palantir 8.14%. Meanwhile, health insurers were among the laggards, notably UnitedHealth -17.79% and Elevance Health -9.91%. Bitcoin rose 1.8% to US$104,540 while the U.S. 10-year yield crept up to 4.471%.

The TSX advanced 0.33% amid mixed trading. Energy outperformed all sectors while telcos and healthcare lagged the most. Influential names were led by CNQ up 2.21%, Whitecap Resources 3.2% and Baytex 8.91%. Elsewhere, Orla Mining sank 6.64% while Finning International soared 13.78%. Gold rose US$16 to US$3,253 while WTI jumped 2.7% to US$63.63.

💾 NVIDIA Corporation (NVDA-Q) +5.63%

🚗 Tesla Inc (TSLA-Q) +4.43%

💾 Palantir Technologies (PLTR-Q) +8.14%

👨‍⚕️ UnitedHealth Group Inc (UNH-N) -17.79%

👨‍⚕️ Elevance Health Inc (ELV-N) -9.91%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)+1.8%

🛢 Canadian Natural Rsrcs (CNQ-T) +2.21%

🛢 Whitecap Resources (WCP-T) +3.2%

🛢 Baytex Energy Corp (BTE-T) +8.91%

⛏ Orla Mining (OLA-T) -6.64%

🚚 Finning Int (FTT-T) +13.78%