Stocks rebound after tech sell-off
After days of a tech sell-off, markets in New York and Toronto rebounded onThursday 1.5% to 1.85%. In Toronto, nearly all sectors were in the green with materials and discretionary leading the charge, while real estate dipped modestly. Helping the TSX was gold, which jumped US$100 to US$4,170, and silver which rallied 5.25% to US$66.60, though WTO sank 2.5% to US$87.80 as war raged between the U.S., Israel and Iran. Major movers on Bay Street included Dollarama which reported a beat and soared 9.02%, Energy Fuels 10.48%, BlackBerry 5.19%, B2Gold 5.72%, and TransAlta 8.22%.
In New York, tech led the way after suffering the worst losses in recent days. Key names including Super Micro Computer up 9.29%, Intel 9.22%, Micron 11.65%, and Sandisk 14.6%, though Oracle tumbled 8.56%. Meanwhile, the U.S. 10-year yield edged down to 4.4453% while Bitcoin regained 2.8% to US$63,500.
🛒 Dollarama Inc. (DOL.TO) +9.02%
🛢 Energy Fuels Inc. (EFR.TO) +10.48%
📱 BlackBerry (BB.TO) +5.19%
🥇 B2Gold Corp. (BTO.TO) +5.72%
💡 Transalta Corp (TA.TO) +8.22%
💾 Super Micro Computer (SMCI) +9.29%
💾 Intel (INTC) +9.22%
💾 Micron Technology (MU) +11.65%
💾 Sandisk Corp (SNDK) +14.6%
💻 Oracle (ORCL) -8.56%
🅱 Bitcoin (BTCUSD) (BTC-USD) +2.8%
