Rally broadens

Thursday’s session saw more gains on Bay and Wall streets as stocks rallied beyond tech. The TSX rose 1.55% or 333 points after every sector gained except consumer discretionary. The biggest movers were in energy, financials and materials.

Key names were Enbridge up 1.48%, Manulife 8.74%, Suncor 4.4%, Cenovus 7.01% and Birchcliffe Energy 7.68%. WTI climbed 2% to over $78 a barrel.

On Wall Street, tech as a whole enjoyed a modest gain as the Nasdaq advanced 0.24%, but the S&P rose 0.54% to make a record high of 5,028 and the Dow rallied 0.86%. Major movers included Airbnb up 6.39%, Wells Fargo 7.21% and Tesla 6.23%. However, Cisco closed -2.29% after trimming both jobs and its outlook. Alphabet (A shares) finished -2.14% after a report appeared that rival OpenAI could launch its own search engine. The backdrop was the latest economic date showing that U.S. retail sales fell 0.8% in January compared to an expected 0.2% decline. The U.S. 10-year yield hovered around 4.244% while Bitcoin held at $51,800.

🛢 Enbridge (ENB-T) +1.48%

🏛 Manulife Financial (MFC-T) +8.74%

🛢 Suncor Energy Inc (SU-T) +4.4%

🛢 Cenovus Energy (CVE-T) +7.01%

🛢 Birchcliff Energy Ltd. (BIR-T) +7.68%

🏙 Airbnb (ABNB-Q) +6.39%

🏛 Wells Fargo (WFC-N) +7.21%

💾 Cisco (CSCO-Q) -2.29%

🧮 Alphabet Inc (GOOG-Q) -2.14%

🚗 Tesla Inc (TSLA-Q) +6.23%