SK Hynix debuts, markets climb
Markets in Toronto and New York edged up a third of a percent Friday as South Korea’s SK Hynix debuted on Wall Street by soaring 12.76%. Other key names: Meta 5.97%, Nvidia 4.03%, Intel -2.4% and Netflix -2.78%. Bitcoin advanced 1.1% to $63,960. The U.S. 10-year yield edged up to 4.563%.
In Toronto, seven sectors gained while four lagged. Discretionary and staples enjoyed strong gains while materials suffered mild losses. Major movers: Aritzia 7.43%, Bank of Nova Scotia 1.84%, BlackBerry -4.19%, Lithium Americas -7.11%, IGM Financial 3.41%. Gold sank US$18 to US$4,105 while WTI declined 0.65% to $71.60.
For the week, the TSX gained modestly, the Dow lost a little ground while the S&P added well over 1% and the Nasdaq 1.7%.
🧬 SK Hynix – ADR (SKHYV) +12.76%
🕵️♀️ Meta Platforms, Inc. (META) +5.97%
💾 NVIDIA Corporation (NVDA) +4.03%
💾 Intel (INTC) -2.4%
📺 Netflix Inc. (NFLX) -2.78%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1.1%
👗 Aritzia Inc. (ATZ.TO) +7.43%
🏛 Bank of Nova Scotia (BNS.TO) +1.84%
📱 BlackBerry (BB.TO) -4.19%
⛏ Lithium Americas Corp (LAC.TO) -7.11%
🏛 IGM Financial Inc. (IGM.TO) +3.41%
