Stocks climb amid earnings, tariffs and inflation

Tech lead a rise in stocks Thursday as markets shrugged off January’s U.S. producer’s inflation numbers and after Trump announced reciprocal tariffs. Overall PPI came in higher than expected, but the core number was in-line with forecasts at 0.3% on […]

S&P edges to another high

Allan Tong Posted On February 19, 2025

Wednesday was a relatively quiet day on the market, but the S&P advanced 0.24% to reach a new high of 6,144. Meanwhile, the Nasdaq was relatively flat, up 15 points, while the Dow rose 0.16%. Despite fears of tariffs stoking inflation, the U.S. 10-year yield held around 4.53% while Bitcoin increased 1.5% to US$96,400. Key movers included Super Micro Computer up 7.97%, Intel -6.17%, Palantir -10.08% and Devon Energy 7.71%.

Despite slipping 22 points, nine of the TSX’s 11 sectors rallied, led by consumer discretionary and energy as tech lagged the most. Making news were Hudbay Minerals, sliding 13.31% after cutting guidance, SSR Mining jumping 12.74% on earnings, while Gildan rallied 4.08% and Barrick Gold rose 2.53%. Gold held around US$2,934 while WTI crude increased 45 cents to US$72.30 a barrel.

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.5%

💾 Super Micro Computer (SMCI-Q) +7.97%

💾 Intel (INTC-Q) -6.17%

💾 Palantir Technologies (PLTR-Q) -10.08%

🛢 Devon Energy Corp (DVN-N) +7.71%

⛏ Hudbay Minerals (HBM-T) -13.31%

⛏ SSR Mining (SSRM-T) -12.74%

👕 Gildan Activewear Inc. (GIL-T) +4.08%

🥇 Barrick Gold (ABX-T) +2.53%