Stocks rise to end losing streak
Weaker than expected PMI inflation data in Canada and the first of two votes passing the debt ceiling bill in Washington put markets in a positive mood Thursday. Markets started flat to begin the session but rose throughout the day. While not quite a relief rally, the indices regained some ground lost in previous days, starting with the TSX which added 0.5%. All but three sectors rallied, led by materials and energy, while tech lagged the most.
Suncor added 1.34% and Enbridge 1.93% as Denison Mines jumped nearly 9% and Lightspeed soared 8.68%. A bounce in crude oil prices helped as WTI rose nearly 3% to top $70.
On Wall Street, tech continued to lead as the Nasdaq climbed 1.19%, Nvidia jumped 4.84% and Meta 2.98%. Carnival rallied 5.48%, but Dollar General sank nearly 20% and Advance Auto Parts slid 6.39%. The U.S. 10-year yield was unchanged at 3.6% while Bitcoin fell 1.2% to $26,800.
🛢 Suncor Energy Inc (SU-T) +1.34%
🛢 Enbridge (ENB-T) +1.93%
⛏ Denison Mines Corp (DML-T) +9%
💾 Lightspeed Commerce Inc (LSPD-T) 8.68%
💾 NVIDIA Corporation (NVDA-Q) +4.84%
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +2.98%
🚢 Carnival Corp. (CCL-N) +5.48%
🛒 Dollar General Corp. (DG-N) -20%
🚗 Advance Auto Parts (AAP-N) -6.39%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.2%
