Stocks climb amid earnings, tariffs and inflation

Tech lead a rise in stocks Thursday as markets shrugged off January’s U.S. producer’s inflation numbers and after Trump announced reciprocal tariffs. Overall PPI came in higher than expected, but the core number was in-line with forecasts at 0.3% on […]

TSX climbs, Wall Street mixed

Allan Tong Posted On February 18, 2025

Bay and Wall streets reopened after the long holiday weekend to post mildly positive results. The TSX outperformed the NYSE as all but two sectors gained, led by materials and energy, while telcos lagged the most. The Canadian index advanced 165 points or 0.65% and closed on strength.

Key movers included BlackBerry, popping 6.96%, CNQ 1.01%, Veren 1.08%, Interfor 5.13% while Paramount Resources tanked 42.99%. Bay Street seemed unconcerned that inflation ticked up to 1.9%. Gold continued to cruise at record levels, adding US$37 to touch US$2,933, while WTI gained US$1 to $71.80 a barrel.

In contrast, the U.S. markets saw a choppier session as the Dow was flat, adding only seven points, the Nasdaq rose 14 points, and the S&P climbed 0.24%. The talk of the town was Intel which jumped 16.06% on reports and rumours that Broadcom and Taiwan Semiconductor would buy (parts of) the company. Meanwhile, Super Micro Computer surged 16.47%, Walgreens 14.02%, Moderna 8.37% while Medtronic sank 7.26%. The U.S. 10-year yield rose to 4.545 while Bitcoin slipped 1.4% to US$95,109.

📱 BlackBerry (BB-T) +6.96%

🛢 Canadian Natural Rsrcs (CNQ-T) +1.01%

🛢 Veren (VRN-T) +1.08%

🌲 Interfor Corp (IFP-T) +5.13%

🛢 Paramount Resources (POU-T) -42.99%

💾 Intel (INTC-Q) +16.06%

💾 Super Micro Computer (SMCI-Q) +16.47%

💊 Walgreen Boots Alliance (WBA-Q) +14.02%

💉 Moderna (MRNA-Q) +8.37%

🧫 Medtronic Inc (MDT-N) -7.26%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.4%