Stocks and oil rally
Investors were feeling optimist Thursday of inflation easing, a day ahead of the U.S. releasing crucial unemployment numbers. On Wall Street, the S&P climbed 1.49%, the Nasdaq 2.28% and the Dow 1.12% while WTI crude jumped 3.7% past $102.
Energy and consumer discretionary led gains. Those gainers included Caterpillar climbing 4.6%, Intel 3.11%, Nike 3.74%, AMD 5.24% and Airbnb 4.97%. Meanwhile, the U.S. 10-year yield returned above 3% while Bitcoin jumped 6.5% to $21,600.
Oil’s rally helped lift the TSX by 1.78%. WCS leapt 5% past $80. Energy, materials and financials led the charge. Soaring were Argonaut Gold by 17.65%, Crescent Point Energy by 13% after hiking its dividend, Baytex up 8.78% and Whitecap Resources at 6.21%. Suncor rose 2%, even though a contractor died which drew attention to the company’s safety track record. Quebecor was one of the few losers of the day, down 1.87%.
🏗 Caterpillar (CAT-N) +4.6%
💾 Intel (INTC-Q) +3.11%
👟 Nike Inc (NKE-N) +3.74%
💾 Advanced Micro Devices (AMD-Q) +5.24%
🏠 Airbnb (ABNB-Q) +4.97%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +6.5%
🥇 Argonaut Gold (AR-T) +17.65%
🛢 Crescent Point Energy Corp (CPG-T) +13%
🛢 Baytex Energy Corp (BTE-T) +8.78%
🛢 Whitecap Resources (WCP-T) +6.21%
🛢 Suncor Energy Inc (SU-T) +2%
🖨 Quebecor Inc (B) (QBR.B-T) -1.87%
