Stocks climb amid earnings, tariffs and inflation

Tech lead a rise in stocks Thursday as markets shrugged off January’s U.S. producer’s inflation numbers and after Trump announced reciprocal tariffs. Overall PPI came in higher than expected, but the core number was in-line with forecasts at 0.3% on […]

Stocks extend rebound

Allan Tong Posted On October 10, 2023

Markets in Canada and the U.S. continued to rally, following Monday’s performance. Almost all sectors rose on the TSX as energy, materials and utilities leading the Canadian index 1.33% higher.

Even though the price of WTI crude declined 0.64% to fall below $86 a barrel, energy names dominated the gainers on Bay Street: CNQ up 5.45%, Suncor 4.61% and Vermilion Energy 7.11%. Also, Bombardier jumped 6.16% though Lithium Americas tumbled 7.28%.

Similarly, there was green across the screen in New York as the the S&P closed 0.52% higher, the Nasdaq 0.58, and the Dow 0.4%. Major movers included Bank of America up 2.66%, First Solar 5.4%, Enphase 5.01% and Netflix -3.27%. The U.S. 10-year yield edged down to 4.649% while Bitcoin slipped 0.85 to $27,300.

🛢 Canadian Natural Rsrcs (CNQ-T) +5.45%

🛢 Suncor Energy Inc (SU-T) +4.61%

🛢 Vermilion Energy Inc (VET-T) +7.11%

🚂 Bombardier Inc (B) (BBD.B-T) +6.16%

⛓ Lithium Americas (LAC-N) -7.28%

🏛 Bank of America (BAC-N) +2.66%

⛏ First Solar Inc. (FSLR-Q) +5.4%

⚡ Enphase Energy (ENPH-Q) +5.01%

📺 Netflix Inc. (NFLX-Q) -3.27%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.85%