Stocks rebound
Markets across the board rebounded on Tuesday and closed on strength, mere days before the U.S. Thanksgiving break. The TSX returned to 20,000 territory by advancing 1.22%. Apart from weakness in health care and flatness in telcos, all the Toronto sectors were green.
Big movers included Enbridge, up 1.37% as the heaviest-traded stock, Algonquin Power sinking another 1.77%, Suncor adding 2.05%, Barrick Gold up nearly 4% and Cenovus advancing 3.39%. WTI oil rose 1.5% to $81 a barrel.
In New York, both the S&P and Nasdaq rallied 1.36% as the Dow climbed 1.18% to almost 34,100. There was green across the screen as well, but semis performed especially well. Intel rallied 3.04%, AMD 3.85% and Nvidia 4.71%. Earnings and a positive forecast propelled Best Buy by 12.78%, but a dampened forecast sank Dollar Tree by 7.79%. The U.S. 10-year yield ticked down to 3.758% while Bitcoin added 2% to $16,000.
🛢 Enbridge (ENB-T) +1.37%
💡 Algonquin Power & Utilities Corp (AQN-T) -1.77%
🛢 Suncor Energy Inc (SU-T) +2.05%
🥇 Barrick Gold (ABX-T) +4%
🛢 Cenovus Energy (CVE-T) +3.39%
💾 Intel (INTC-Q) +3.04%
💾 Advanced Micro Devices (AMD-Q) +3.85%
💿 Nvidia Corp (NVDA-Q) +4.71%
🛍 Best Buy Company Inc (BBY-N) +12.78%
🛒 Dollar Tree (DLTR-Q) -7.79%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2%
