Stocks rip on potential peace talks

Markets climbed to begin trading on Tuesday after Trump signalled he would end the war against Iran, but soared after the Iranian president, Masoud Pezeshkian, stated he may come to the negotiation table, though based on an unconfirmed report. The S&P jumped 2.91%, the Dow 2.49%, and the Nasdaq 3.83% or 795 points. There were gains across the board with only two sectors including energy declining. WTI dipped 1% to US$101.90. Stocks made huge gains, including ON Semiconductor up 11.25%, Sandisk 10.98%, Nvidia 5.59% and Intel 7.14%. However, Constellation Energy sank 6.48%. The U.S. 10-year yield held around 4.323%, while Bitcoin rose 2.16% to US$68,030.

In Toronto, all sectors but energy enjoyed strong gains to lift the TSX 2.55% or 815 points higher. Healthcare, tech and especially materials rallied hard. Major movers: Americas Silver 12.21%, Novagold Resources 11.97%, SSR Mining 11.91%, Barrick 6.26% and CNQ down 1.41%. Gold itself shot up 3.7% to US$4,680 while silver jumped 7.46% to US$75.20.

🧬 ON Semiconductor (ON-Q) +11.25%

💾 Sandisk Corp (SNDK-Q) +10.98%

💾 NVIDIA Corporation (NVDA-Q) +5.59%

💾 Intel (INTC-Q) +7.14%

💡 Constellation Energy (CEG-Q) -6.48%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.16%

🥈 U.S. Silver Corp. (USA-T) +12.21%

🥇 NovaGold Resources Inc (NG-T) +11.97%

⛏ SSR Mining (SSRM-T) +11.91%

⛏ Barrick Mining (ABX-T) +6.26%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.41%