Tech leads rebound
Tech lifted markets, American especially, on Thursday to end their recent slump. The S&P rose 0.88% to nearly 4,800, the Nasdaq jumped 1.35% past 15,000, and the Dow added 0.54%.
After enduring recent downgrades, Apple received a major upgrade and shares popped 3.26%. Meanwhile, airlines enjoyed lift-off as American Airlines rallied 6.88% and Southwest 6.83%. However, Humana closed -7.99% and Tesla-1.7%. The U.S. 10-year yield held around 4.14% though Bitcoin slid 4.2% to $41,000.
The TSX gained a modest 0.3% though all but three sectors were positive. Staples and industrials led gainers, but utilities lagged. Birchcliffe Energy tanked 9.06% after slashing its dividend. Fortuna Silver tumbled 11.67% while GFL Environmental rallied 4.15%. The banks were mixed with Royal adding 0.61% but Bank of Nova Scotia slipping 1.08%. WTI crude popped on lower-than-expected U.S. oil inventories to $74.
🍎 Apple Inc (AAPL-Q) +3.26%
🛫 American Airlines Group (AAL-Q) +6.88%
🛫 Southwest Airlines (LUV-N) +6.83%
👨⚕️ Humana Inc (HUM-N) -7.99%
🚗 Tesla Inc (TSLA-Q) -1.7%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -4.2%
🛢 Birchcliff Energy Ltd. (BIR-T) -9.06%
⛏ Fortuna Silver Mines (FVI-T) -11.67%
♻ GFL Environmental Inc. (GFL-T) +4.15%
🏛 Royal Bank (RY-T) +0.61%
🏛 Bank of Nova Scotia (BNS-T) -1.08%
