Stocks climb despite tariffs worries

Stocks inched modesty higher to begin the week: the S&P 0.14%, the Nasdaq 0.27% and the Dow 0.2%. Fears of the tariff war resuming lingered with the latest salvo from Trump being a 100% levy on Russian goods if Vladimir Putin does not cease his war against Ukraine. The trade fears likely capped gains on the major indices.

Major movers included Palantir up 4.96%, EQT 5.33%, Autodesk 4.96%, Micron -4.75% and Halliburton -4.59%. The U.S. 10-year yield held around 4.433% while Bitcoin rose over US$800 to nearly $120,000 by the closing bell.

The TSX fared better than its American peers, rallying 0.65%. Eight sectors gained, led by tech, industrials and real estate while telcos was among the sectors that saw modest losses. Key names: Thomson Reuters jumped 7.74%, Shopify 4.62%, Denison Mines 4.12%, Baytex -1.89%, TC Energy 2.36% and Cameco 3.45%. Gold declined US$11 to US$3,344 while WTI sank US$1.55 to US$66.90. U.S. earnings season begins tomorrow.

💾 Palantir Technologies (PLTR-Q) +4.96%

🛢 EQT Corporation (EQT-N) +5.33%

💾 Autodesk Inc (ADSK-Q) +4.96%

💾 Micron Technology (MU-Q) -4.75%

🛢 Halliburton Co (HAL-N) -4.59%

🖨 Thomson Reuters Corp (TRI-T) -7.74%

🛍 Shopify Inc. (SHOP-T) +4.62%

⛏ Denison Mines Corp (DML-T) +4.12%

🛢 Baytex Energy Corp (BTE-T) -1.89%

🛢 TC Energy (TRP-T) +2.36%

⛏ Cameco Corporation (CCO-T) +3.45%