After losing further ground on Wednesday, markets in New York and Toronto finally rebounded from Monday’s rout. On Thursday, the S&P surged 2.29%, the Nasdaq 2.82% or over 400 points, and the Dow 1.73%.
Semis led the gains with the most-active names being Nvidia by 6.32% and Intel 7.58%. Also, ON Semis rallied 7.94%, Eli Lilly 9.08% and Warner Bros. -8.88%. Bitcoin rallied 7.7% to US$59,400 while the U.S. 10-year yield stayed just below 4%.
In Canada, the TSX jumped 1.7% as WTI rose 1.1% to US$76 and gold added US$41 to US$2,424. Key names started with energy. Suncor rose 2.69% and Baytex 3.15%. Elsewhere, First Quantum Minerals jumped 7.79%, Canadian Tire 7.74% and Shopify 7.15%.
💾 NVIDIA Corporation (NVDA-Q) +6.32%
💾 Intel (INTC-Q) +7.58%
🧬 ON Semiconductor (ON-Q) +7.94%
🧫 Eli Lilly & Co. (LLY-N) +9.08%
📺 Warner Bros. Discovery (WBD-Q) -8.88%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +7.7%
🛢 Suncor Energy Inc (SU-T) +2.69%
🛢 Baytex Energy Corp (BTE-T) +3.15%
⛏ First Quantum Minerals (FM-T) +7.79%
🛒 Canadian Tire Corporation Ltd. (A) (CTC.A-T) +7.74%
🛍 Shopify Inc. (SHOP-T) +7.15%
