Stocks rebound, megatech soars after the bell
After selling off following Jerome Powell’s comments the day before, markets rebounded Thursday to recover most of that lost ground. The S&P rallied 1.18% past 4,900, the Nasdaq 1.24% and the Dow 0.9%, all flirting with new highs.
During the session, Warner Bros. Discovery rose 4.39%, Corteva soared 18.87% on earnings and Etsy jumped 9.25%. The U.S. 10-year yield slipped to 3.865%. However, megatech captured headlines after the closing bell triggered by a slew of earnings. Meta rocked Wall Street by announcing its first-ever dividend, rocketing shares nearly 15% in the after market. Amazon reported a convincing beat and jumped 9%. Apple, too, reported a beat, but also weakness in China, pressuring shares by -2% after hours. Meanwhile, Bitcoin advanced 1.344% to $43,100.
Canadian equities also enjoyed a positive session, though less dramatically. The TSX recovered 0.45% as most sectors rallied. Consumer staples, industrials and materials led the gainers, while energy lagged. Canada Goose reported a strong quarter and shares soared 7.8%. Iamgold jumped 7.81%, Tilray 7.76% and Aritzia 7.31%. WTI crude sank 2.6% to fall below $74.
📺 Warner Bros. Discovery (WBD-Q) +4.39%
🌿 Corteva Inc. (CTVA-N) +18.87%
🛍 Etsy Inc. (ETSY-Q) +9.25%
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +15%
📦 Amazon.com, Inc. (AMZN-Q) +9%
🍎 Apple Inc (AAPL-Q) -2%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.344%
🧣 Canada Goose Holdings (GOOS-T) +7.8%
🥇 Iamgold Corp (IMG-T) +7.81%
🌿 Tilray Inc. (TLRY-Q) +7.76%
👗 Aritzia Inc. (ATZ-T) +7.31%
