Stocks rebound
New York and Toronto indices roared back on Tuesday following sharp selling on Monday, which were driven by fears over Omicron and inflation. The TSX leapt 1.9% after losing 1% the day before as the Dow recovered 1.61%, the S&P 1.78% and tech stocks fueled the Nasdaq 2.4% higher. There was green across the board, lifting all sectors.
Nike reported a strong beat and jumped 6.43% as Visa rallied over 3%, Boeing 5.63% and Disney 3%. Speaking of which, travel names bounced back strongly as Carnival advanced 8.68% and United Airlines by 6.33%. One of the few laggards in New York was Pfizer, down 3.39%. Also, Bitcoin climbed 3.6% to well over $48,000, and the U.S. 10-year yield inched up to 1.472%.
Oil gushed as well. WTI rose 4% to $71 per barrel and WCS added 4.5% to surpass $56. All TSX sectors rallied, from travel to energy and health. Air Canada soared 6%, Vermilion Energy 7.54%, Canopy 10.44%, and Baytex 7.85%. However, as in the States, tech led the charge in Toronto as e-commerce heavyweight Shopify soared 6.49%, Lightspeed zoomed 7.19% and Nuvei jumped 16.35%. Meanwhile, gold shed a few dollars, but held under $1,800 an ounce and the Canadian dollar stayed below $0.78 against the USD.
👟 Nike Inc (NKE-N) +6.43%
💳 Visa Inc. (V-N) +3%
🛫 Boeing (BA-N) +5.63%
👸 Walt Disney Co. (DIS-N) +3%
🚢 Carnival Corp. (CCL-N) +8.68%
🛫 United Airlines Holdings (UAL-Q) +6.33%
💉 Pfizer Inc (PFE-N) -3.39%
🅱 Bitcoin Cash (CRYPTO:BCH) +3.6%
✈ Air Canada (AC-T) +6%
🛢 Vermilion Energy Inc (VET-T) +7.54%
🌿 Canopy Growth Corp. (WEED-T) +10.44%
🛢 Baytex Energy Corp (BTE-T) +7.85%
🛍 Shopify Inc. (SHOP-T) +6.49%
💾 Lightspeed Commerce Inc (LSPD-T) +7.19%
💿 Nuvei Corp (NVEI-T) +16.35%
