Stocks rebound

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%