Stocks slide after U.S. Fed decision

Wednesday stocks were in a holding pattern until U.S. Fed chief, Jerome Powell, announced mid-afternoon an expected 25-basis point cut to the key interest rate. However, his announcements during the press conference triggered a steep sell-off in both New York […]

Stock slump continues

Markets in New York and Toronto continued to weaken on Tuesday. The TSX closed 0.54% lower as only two sectors managed gains for the session, particularly health care. Telcos and staples led the remaining sectors down. Making outsized moves were […]

TSX hits new high in broad rally

Melisa R. H. Posted On September 12, 2024

Green lit up trading boards on Thursday, especially in Canada as the TSX rose 1.12% or about 260 points to close at a new high of 23,470. Shining brightest were mining stocks: B2gold 12.9%, First Majestic Silver 11.97%, Calibre Mining 4.87% and Equinox Gold 9.9%. As interest rates continue to fall, dividend payers are thriving. Blue-chip Royal Bank added 0.55% to close at an all-time high. Meanwhile, gold climbed 1.7% to US$2,585 while WTI crude recovered 2.8% to US$69.20

On Wall Street, the S&P added 0.7%, the Nasdaq 0.92% and the Dow 0.57%. The latest producers’ inflation number came in as expected, but it failed to lift the U.S. 10-year yield above 3.7%. Major movers: Warner Bros. Discovery 10.3%, Kroger 6.98%, Broadcom 4.15%, Micron -3.98% and Moderna -12.51%. Bitcoin edged up by 1.25% to US$58,270.

🥇 B2Gold Corp. (BTO-T) +12.9%

🥈 First Majestic Silver (FR-T) +11.97%

⛏ Calibre Mining Corp. (CXB-X) +4.87%

🥇 Equinox Gold (EQX-T) +9.9%

🏛 Royal Bank (RY-T) +0.55%

📺 Warner Bros. Discovery (WBD-Q) +10.3%

🛒 Kroger Co. (KR-N) +6.98%

🧬 Broadcom (AVGO-Q) +10.3%

💾 Micron Technology (MU-Q) -3.98%

💉 Moderna (MRNA-Q) -12.51%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.25%