Tech lifts markets to highs
The ongoing rally in AI and the fragile ceasefire in the Middle East lifted markets to end the week on a record note. The S&P jumped 0.84% Friday and the Nasdaq leapt 1.71%, both closing at record highs. The Dow added a few points and was basically flat. For the week, the S&P gained 2.3%, the Nasdaq 4.5% and the Dow 0.22%. Big names included Intel soaring 13.96%, Micron 15.49%, AMD 11.44%, Tesla 4.02% and Expedia -9.02%. The U.S. 10-year yield edged down to 4.362% while Bitcoin added 0.5% to US$80,275.
WTI crude more or less held around US$94.90 while gold advanced US$30 to US$4,715 and silver rallied 2.5% to US$80.25. Materials were by far the strongest sector on the TSX which climbed 0.65% on Friday and 0.55% during the week. Key names: B2Gold 7.25%, Teck Resources 6.82%, BlackBerry 5.77%, Energy Fuels -8.1% and First Quantum Minerals 6%.
💾 Intel (INTC-Q) +13.96%
💾 Micron Technology (MU-Q) +15.49%
💾 Advanced Micro Devices (AMD-Q) +11.44%
🚗 Tesla Inc (TSLA-Q) +4.02%
🧳 Expedia (EXPE-Q) -9.02%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.5%
🥇 B2Gold Corp. (BTO-T) +7.25%
⛏ Teck Resources Ltd. (B) (TECK.B-T) +6.82%
📱 BlackBerry (BB-T) +5.77%
🛢 Energy Fuels Inc. (EFR-T) -8.1%
⛏ First Quantum Minerals (FM-T) +6%
