Stocks snap losing streak
Thursday saw Canadian and American markets snap their losing streaks as stocks rebounded. The S&P closed 0.57% higher, the Nasdaq 0.95% past 11,000, and the Dow 0.34%.
Tech enjoyed a lift as Amazon rallied 2.03% and Nvidia 6.46%, though Alphabet shed 1.41%. In other sectors, Pfizer rose 3.11% and cruise line Carnival advanced 1.57%. The U.S. 10-year yield inched up to 3.489% while Bitcoin increased 2% to $17,777.
In Canada, the TSX was flat, hovering just below 20,000. More sectors were negative than positive, though consumer staples soared and consumer discretionary also gained. However, telcos and real estate were particularly weak. Major movers included Parkland, jumping nearly 6%, Bausch Health up 5.4%, Canada Goose soaring 4.22%, Athabasca Oil sinking 6.15% and Canopy sliding 5.22%. WTI crude declined 0.7% to $71.50.
📦 Amazon.com (AMZN-Q) +2.03%
💾 Nvidia Corp (NVDA-Q) +6.46%
🧮 Alphabet Inc. / Google (GOOG-Q) -1.41%
💉 Pfizer Inc (PFE-N) +3.11%
🚢 Carnival Corp. (CCL-N) +1.57%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2%
Parkland Fuel Corp (PKI-T) +6%
👨⚕️ Bausch Health Companies Inc. (BHC-T) +5.4%
🧣 Canada Goose Holdings (GOOS-N) +4.22%
🛢 Athabasca Oil Sands Corp (ATH-T) -6.15%
🌿 Canopy Growth Corp. (WEED-T) -5.22%
