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    Stocks rally despite hot inflation

    Allan Tong Posted On March 12, 2024
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    Investors shrugged off higher than expected U.S. inflation February to spark a Tuesday rally. CPI rose 0.4% between January and February. The S&P rose 1.12% to a new record high of 5.175, the Nasdaq surged 1.54%, and the Dow climbed 0.61%.

    Nvidia rebounded 7.16%, 3M climbed 4.97% and Oracle soared 11.75% after reporting earnings. However, Southwest Airlines plunged nearly 15% citing Boeing failure to deliver airplanes on time as a major reason and American Airlines sank 4.71%. The U.S. 10-year yield hovered around 4.159%. Meanwhile, Bitcoin gave back 1.4% to trends around $71,100.

    The TSX added 0.28% as seven of 11 sectors gained, led by staples and industrials while utilities lagged the most. Among the gainers were Celestica up 3.62%, Cameco 2.95% and Goeasy up 3.05%. Heading down were B2Gold at -3.88% and Transalta at -6.03%. WTI held just under $78 while gold slipped over 1% to $2,160.

    💾 NVIDIA Corporation (NVDA-Q) +7.16%

    💾 3M Co. (MMM-N) +4.97%

    💻 Oracle (ORCL-N) +11.75%

    🛫 Southwest Airlines (LUV-N) -15%

    ✈ American Airlines Group (AAL-Q) -4.71%

    🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.4%

    🧬 Celestica Inc (CLS-T) +3.62%

    ⛏ Cameco Corporation (CCO-T) +2.95%

    🏠 goeasy (GSY-T) +3.05%

    🥇 B2Gold Corp. (BTO-T) -3.88%

    💡 Transalta Corp (TA-T) -6.03%

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