Stocks climb despite tariff threats
Wednesday saw more TACO headlines from Trump as he slapped tariffs on copper entering the U.S. and on everything from Brazil. Despite that, the S&P rose 0.61%, the Nasdaq 0.94% to a new high and the Dow 0.49%. The U.S. 10-year yield held around 4.34%.
Key names were AES soaring 19.78%, Nvidia 1.82% to new highs and a $4 trillion market cap , Palantir 2.45%, Fair Isaac -6.54% and Hershey -4.7%. Gold remained rangebound around US$3,312 after gaining US$10, while WTI was flat at US$68.30.
The TSX returned to 27,000 after adding 0.26%. Eight sector modestly gained, with materials leading, while telcos was among the laggards, though loses were small. Given tariffs, many mineral names made major moves: Endeavour Silver up 9.06%, First Majestic Silver 5.21%, Fortuna 5.02%, and ERO Copper -9.42%. Meanwhile Open Text sank 4.34%.
🧬 AES (AES-N) +19.78%
💾 NVIDIA Corporation (NVDA-Q) +1.82%
💾 Palantir Technologies (PLTR-Q) +2.45%
🏛 Fair Isaac Corp. (FICO-N) -6.54%
🍫 Hershey Foods Corp (HSY-N) -4.7%
🥈 Endeavour Silver Corp. (EDR-T) +9.06%
🥈 First Majestic Silver (AG-N) +5.21%
⛏ Fortuna Silver Mines (FVI-T) +5.02%
🥉 Ero Copper Corp (ERO-N) -9.42%
💾 Open Text (OTEX-T) -4.34%
