Oil and TSX surge

Melisa R. H. Posted On September 14, 2023

Thursday saw crude oil’s rally continue as WTI broke $90 a barrel by rising 2.3%. This helped lift the TSX by 1.42% as all sectors rallied, led by real estate, consumer staples and industrials.

Energy names were among the biggest movers, including TC Energy up 2.53%, Enbridge by 2.65% and Ballard Power jumping 7.78%. Meanwhile, financials also surged as TD rallied 1.42% and Manulife added 1.84%.

Wall Street enjoyed gains as well. The S&P advanced 0.84% to return to 4,500, the Nasdaq 0.81%, and the Dow 0.96%. Major movers included the heavily traded Tesla, up 1.75%, AT&T at 3.01%, Warner Bros. Discovery 2.8%, Norwegian Cruise Lines 5.69% and Mosaic up 4.44%. The U.S. 10-year yield ticked held around 4.288% as Bitcoin rose 1.6% to $26,600.

🛢 TC Energy (TRP-T) +2.53%

🛢 Enbridge (ENB-T) +2.65%

🧬 Ballard Power Systems (BLDP-T) +7.78%

🏛 Toronto Dominion (TD-T) +1.42%

🏛 Manulife Financial (MFC-T) +1.84%

🚗 Tesla Inc (TSLA-Q) +1.75%

📱 AT&T (T-N) +3.01%

📺 Warner Bros. Discovery (WBD-Q) +2.8%

🚢 Norwegian Cruise Line Holdings (NCLH-N) +5.69%

🌿 Mosaic Company (The) (MOS-N) +4.44%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.6%