S&P edges to another high
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%
