TSX and Wall Street extend recovery

Allan Tong Posted On February 5, 2025

Markets continued to edge upwards following the recent Trump tariff threat. The TSX rallied 1.14% or 277 points as almost every sector gained. Tech, healthcare and materials led Canadian equities as gold added another US$2,861 to continue its winning streak, though WTI gave back 2% to US$71.20.

Key names on Wednesday: Celestica up 8.78%, BlackBerry 9.68%, Finning 12.64%, SSR Mining 11.26% and Canadian Apartment REIT 5.17%.

The Dow rose 0.71%, bettering the S&P’s 0.39% and the Nasdaq’s 0.19%. Alphabet reported missed revenues and a dour forecast, which sent its A shares tumbling 7.29%. In contrast, Nvidia jumped 5.21%, SMCI 7.99%, Electronic Arts 7.6% while AMD sank 6.27%. Bitcoin edged up by 0.7% to US$97,200 while the U.S. 10-year yield slipped to 4.426%.

🧬 Celestica Inc (CLS-T) +8.78%

📱 BlackBerry (BB-T) +9.68%

🚚 Finning Int (FTT-T) +12.64%

⛏ SSR Mining (SSRM-T) +11.26%

🏛 Canadian Apartment Properties (CAR.UN-T) +5.17%

🧮 Alphabet Inc (GOOG-Q) -7.29%

💾 NVIDIA Corporation (NVDA-Q) +5.21%

💾 Super Micro Computer (SMCI-Q) +7.99%

💿 Electronic Arts Inc (EA-Q) +7.6%

💾 Advanced Micro Devices (AMD-Q) -6.27%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.7%