Bitcoin surges, stocks climb

Bitcoin topped US$106,000 by the closing bell, after rallying US$3,700 on Tuesday. Meanwhile, stocks in both New York and Toronto finished modestly higher after a weak start. The S&P returned to 6,000 after climbing 0.88%, the Nasdaq 0.64% and the […]

TSX climbs on MLK Day

Wall Street was closed Monday to honour civil rights leader, Martin Luther King, Jr., but the TSX advanced 0.34%. Most sectors enjoyed gains, led by energy and materials, while only four sectors lagged slightly, including tech. Major movers included Bombardier […]

S&P hits new high

Allan Tong Posted On January 23, 2025

A late-day surge pushed tepid markets higher to close Thursday, as the S&P topped 6,100 and made a new high. The Dow rallied 0.92% and the Nasdaq edged up by 0.22%.

Among the major movers on Wall Street were GE, up 6.6%, Enphase Energy 5.41%, United Airlines, sinking 4.6% after issuing weak guidance, and similarly Electronic Arts tumbling 16.7% after revising its own forecast. Oracle praised the potential of AI in developing cancer vaccines which helped boost Moderna 10.1%. Bitcoin gave back nearly US$1,000 to US$103,000, while the U.S. 10-year yield climbed to 4.64%.

Most sectors rallied on Bay Street as the TSX advanced 0.35% to 25,400. Discretionary, staples and utilities led the gainers while energy lagged the most. Key names: Badger leapt 8.83%, Aecon 7.28%, Royal Bank 0.84% 0.84%, B2Gold -3.46% and Birchcliff popping 4.47% after receiving three analyst upgrades. Gold slipped US$3 to US2,753 while WTI gave back US$1.20 to US$74.30.

🔌 General Electric (GE-N) +6.6%

⚡ Enphase Energy (ENPH-Q) +5.41%

✈ United Airlines Holdings (UAL-Q) -4.6%

💾 Electronic Arts Inc (EA-Q) -16.7%

💉 Moderna (MRNA-Q) +10.1%

🧱 Badger Daylighting (BDGI-T) +8.83%

🧱 Aecon Group Inc (ARE-T) +7.28%

🏛 Royal Bank (RY-T) +.084%

🥇 B2Gold Corp. (BTO-T) -3.46%

🛢 Birchcliff Energy Ltd. (BIR-T) +4.47%