Stocks edge higher despite TACO trade

Allan Tong Posted On July 10, 2025

The S&P and Nasdaq inched higher to record closes, despite growing talk of complacency in the market over Trump’s ever-changing tariff decisions (Brazil being the latest target). The S&P added 0.27% and the Nadaq 19 points to 30,630 while the Dow climbed 0.43%. The U.S. 10-year yield stayed at 4.344%.

Delta Airlines delivered a convincing beat to raise its shares by 11.99% but also lift the entire leisure and travel sector. United Airlines soared 14.33%, and Caesars rallied 6.49%. Elsewhere, Fortinet slid 6.92%, though Estee Lauder jumped 6.34%. Bitcoin rose 2.5% to US$113,540.

In Toronto, the TSX returned to 27,000 after gaining 0.41%. Eight sectors rose, led by industrial and financials, while staples lagged the most. Key names on Bay Street included Energy Fuels soaring 16.34%, TransAlta 5.81%, Air Canada 3.74%, Denison Mines 3.46% and Boralex -3.37%. Gold advanced US$10 to US$3,324 while WTI declined US$1.50 to US$66.90.

🛫 Delta Air Lines Inc (DAL-N) +11.99%

🛫 United Airlines Holdings (UAL-Q) +14.33%

♠ Caesars Entertainment (CZR-Q) +6.49%

💻 Fortinet Inc (FTNT-Q) -6.92%

💄 Estee Lauder (EL-N) +6.34%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.5%

🛢 Energy Fuels Inc. (EFR-T) +16.34%

💡 Transalta Corp (TA-T) +5.81%

🛫 Air Canada (AC-T) +3.74%

⛏ Denison Mines Corp (DML-T) +3.46%

💡 Boralex Inc. (BLX-T) -3.37%