Tech and banks lift markets to highs

The TSX made a record close on Wednesday after surging 0.45% or 145 points to 34,124. A rebound in tech, specifically those punished by the AI takeover scare, and Canadian bank earnings powered the TSX higher. Only four sectors lagged, led by staples. Key movers were National Bank which reported a beat and was rewarded with a 6.63% rally, Bank of Montreal up 3.82%, Cogeco 5.3% and Torex Gold 5.34%. Thomson Reuters soared by double digits again, up 10.1%. Silver advanced 1.9% to US$88.70, gold added US$16 to US$5,160, and WTI slipped 0.3% to US$65.45.

The tech rebound also lifted U.S. markets: the S&P 0.81%, Nasdaq 1.26% and the Dow 0.63%. As the battle over Warner Bros. continues, Netflix rallied 5.97%, Coinbase leapt 13.52%, Super Micro Computer 7.93% and Western Digital 7.53%.  All eyes were all Nvidia, which rose 1.41% for the session and jumped over 3% after hours when it reported. The U.S. 10-year yield held at 4.05% while Bitcoin rebounded 7.25% to US$69,165.

🏛 National Bank of Canada (NA-T) +6.63%

🏛 Bank of Montreal (BMO-T) +3.82%

📡 Cogeco Communications (CCA-T) +5.3%

🥇 Torex Gold Resources (TXG-T) +5.34%

🖨 Thomson Reuters Corp (TRI-T) +10.1%

📺 Netflix Inc. (NFLX-Q) +5.97%

🏛 Coinbase Global (COIN-Q) +13.52%

💾 Super Micro Computer (SMCI-Q) +7.93%

💾 Western Digital (WDC-Q) +7.53%

💾 NVIDIA Corporation (NVDA-Q) +3%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +7.25%