Stocks stable, minerals rise
The Bank of Canada held its key lending rate at 2.25% on Wednesday, though didn’t forecast its next move either way. The TSX gained 0.22% or 72 points on the strength of materials and energy, while healthcare and discretionary led eight sectors down. WTI added US$1.55 to US$63.35, but precious metals continued to reach new heights: silver jumped another 4% to US116.55 as gold rallied US$11 to US$5,391. Little wonder that Denison Mines was one of the best performers, up 8.97%, Capstone Copper 3.3% and and B2Gold 3.98%. Meanwhile, Energy Fuels soared 14.45% and Aritzia dove 6.21%.
The major indices in New York saw modest gains with the Dow flat, the Nasdaq rising 0.25%, and the S&P adding 0.04% to make a closing high. Memory chips continued to rally with Seagate leaping 19.14%. Intel rose 11.04% and Carvana sank 14.17%. After hours, several megatech names reported and shares immediately moved: Microsoft down 4%, and both Tesla and Meta up 3%. The U.S. 10-year yield edged up to 4.245% while Bitcoin slipped US$50 to US$88,905.
⛏ Denison Mines Corp (DML-T) +8.97%
🥉 Capstone Copper Corp (CS-T) +3.3%
🥇 B2Gold Corp. (BTO-T) +3.98%
🛢 Energy Fuels Inc. (EFR-T) +14.45%
👗 Aritzia Inc. (ATZ-T) -6.21%
🥇 Seabridge Golds (SEA-T) +19.14%
💾 Intel (INTC-Q) +11.04%
🛒 Carvana (CVNA-N) -14.17%
Ⓜ Microsoft Corp (MSFT-Q) -4%
🚗 Tesla Inc (TSLA-Q) +3%
🕵️♀️ Meta Platforms, Inc. (META-Q) +3%
