S&P and Nasdaq reach new highs, TSX fades

Allan Tong Posted On June 17, 2024

The start of the new trading week extended record gains made in the last one as the S&P and Nasdaq reached new highs at Monday’s close. The S&P added 0.77% to 5,472 and the Nasdaq 0.95% to 17,857.

As usual, tech drove the gains with Apple rallying another 1.97% to make its own record high, Tesla jumping 5.3%, Intel 1.74% and Microsoft reaching a new high by advancing 1.31%. However, Nvidia retreated 0.68% to snap its winning streak. The Dow rose 0.49%. The 10-year yield hovered around 4.28% as Bitcoin slipped 0.65% to US$66,200.

The TSX continued to lose ground, finishing down 0.31% or 68 points. Only three sectors gained, led by staples, while utilities and materials led the laggards. Major movers: TC Energy -1.5%, Pembina -2.61%, Boyd Group -3.58% and Cargojet 2.87%. Gold gave back US$13 to US$2,319 an ounce while WTI rallied US$4 to US$80.50 a barrel.

🍎 Apple Inc (AAPL-Q) +1.97%

🚗 Tesla Inc (TSLA-Q) +5.3%

💾 Intel (INTC-Q) +1.74%

Ⓜ Microsoft Corp (MSFT-Q) +1.31%

💾 NVIDIA Corporation (NVDA-Q) -0.68%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.65%

🛢 TC Energy (TRP-T) -1.5%

🏗 Pembina Pipeline Corp (PPL-T) -2.61%

🛒 Boyd Group Services Inc. (BYD-T) -3.58%

🛫 Cargojet Inc (CJT-T) +2.87%