Tech recovers, commodities fade

Tech led American markets higher on Thursday, a day after the Fed-induced sell-off, but commodities dragged the TSX down further. The Nasdaq settled 1.91% higher, helped by Sandisk which soared 11.61%, and Intel up 10.64%. The S&P rallied 1.13% and the Dow added 0.17%. Other key names: Accenture -17.97%, Cognizant Technology Solutions -10.49% and Corning 11.15%. Meanwhile, SpaceX continued to fall back to Earth after its launch, sinking 3.56%. The U.S. 10-year yield held 4.453% while Bitcoin slipped over 2% to US$63,105.

Bay Street’s sectors were mixed, with healthcare enjoying strong gains while materials, tech and energy weighed down the TSX. While WTI edged up 0.25% to US$77, commodities continued to sell off. Silver faded 3% to US$65 and gold slipped US$40 to US$4,215. Major movers: CNQ -3.05%, B2Gold -2.56%, Whitecap Resources -3.03%, Toromont Industries 17.14%, Energy Fuels 8.19%.

💾 Sandisk Corp (SNDK) +11.61%

💾 Intel (INTC) +10.64%

💻 Accenture Ltd. (ACN) -17.97%

💾 Cognizant Technology Solutions Corp. (CTSH) -10.49%

🧬 Corning Inc (GLW) +11.15%

📡 SpaceX (SPCX) -3.56%

🅱 Bitcoin (BTCUSD) (BTC-USD) -2%

🛢 Canadian Natural Rsrcs (CNQ.TO) -3.05%

🥇 B2Gold Corp. (BTO.TO) -2.56%

🛢 Whitecap Resources (WCP.TO) -3.03%

⚙ Toromont Industries (TIH.TO) +17.14%

⛏ Energy Fuels Inc. (EFR.TO) +8.19%