SpaceX launches

SpaceX finally IPO’d as the most-hyped debt years. As expected, shares soared 19.22% above its IPO price, but well above the day’s peak. Meanwhile, New York and Toronto indices rallied: the S&P 0.5%, the Nasdaq 0.31%, the Dow 0.7% and the TSX 0.73%. Other big movers on Wall Street included Seagate up 7.25%, Albemarle 7.14%, Mosaic 7.59% and Adobe -6.76% after reporting numbers. As the U.S. 10-year yield crept up to 4.481%, Bitcoin inched up by 0.4% to US$63,585. For the week, the U.S. indices made gains of around 0.65%.

The TSX outperformed its U.S. peers by rising 1.5% for the week. In Toronto, sectors were mixed as materials enjoyed outsized gains while healthcare and staples lagged the most. Gold held around US$4,210, silver  and WTI sank 3.8% on hopes (yet again) of peace in the US-Israel-Iran war. Key names were Denison Mines up 1.9%, Aya Gold & Silver 7.49%, Silvercorp Metals 7.48%, MDA Space -8.57% and Constellation Software -4.38%.

📡 SpaceX (SPCX) +19.22%

💾 Seagate Technology (STX) +7.25%

⛏ Albemarle Corp (ALB) +7.14%

🌿 Mosaic Company (The) (MOS) +7.59%

💾 Adobe Systems (ADBE) -6.76%

🅱 Bitcoin (BTCUSD) (BTC-USD) +0.4%

⛏ Denison Mines Corp (DML.TO) +1.9%

⛏ Aya Gold & Silver (AYA.TO) +7.49%

⛏ Silvercorp Metals Inc. (SVM.TO) +7.48%

🧬 MDA Space Ltd. (MDA.TO) -8.57%

💾 Constellation Software Inc. (CSU.TO) -4.38%