Nvidia triggers tech, market highs

Allan Tong Posted On February 22, 2024

One name dominated markets on Thursday. Nvidia reported much-anticipated earnings late Wednesday and beat. Shares soared 16.25% as did its peers, including AMD up 11.46%. That momentum carried U.S. markets to record highs: the S&P jumped 2.11% to 5,087 and the Dow 1.19% to 39,069. The Nasdaq catapulted 3% past 16,000. Other key names were Moderna spiking 14.61%, Amazon 3.58% and Etsy -8.44%. The U.S. 10-year yield held around 4.329% while Bitcoin was also flat around $51,800.

The TSX hit fresh 52-week highs after advancing 0.71% to 21,320. Only two sectors were down, including utilities while staples soared, followed by industrials and financials. Major movers were First Quantum Minerals up 5.04%, Enerplus 8.56% upon news of it being bought, Whitecap Resources 4.26%, CCL Industries 16.43% and Celestica 12.07%. WTI climbed 0.85 to $78.50 a barrel.

💾 NVIDIA Corporation (NVDA-Q) +16.25%

💾 Advanced Micro Devices (AMD-Q) +11.46%

💉 Moderna (MRNA-Q) +14.61%

📦 Amazon.com, Inc. (AMZN-Q) +3.58%

🛍 Etsy Inc. (ETSY-Q) -8.44%

⛏ First Quantum Minerals (FM-T) +5.04%

🛢 Enerplus Corp (ERF-T) +8.56%

🛢 Whitecap Resources (WCP-T) +4.26%

🚚 CCL Industries (B) (CCL.B-T) +16.43%

🧬 Celestica Inc (CLS-T) +12.07%