TSX hits new highs, tech weakens
The TSC continued its hitting streak to start the week by rallying 0.62% or 145 points to 23,714. Most sectors gained, led by healthcare, tech and energy. WTI crude jumped 2.6% to return above US$70 a barrel as gold added US$5 to US$2,582.
Major movers: Bausch 10.58%, B2Gold 5.1%, Ballard Power -7%, Kinross Gold -3.74% and Air Canada up 3.47% after averting a pilots’ strike.
The S&P flirted with a new high by advancing 0.13% and the Dow made a new high by adding 0.55%, but tech showed some weakness. Apple closed -2.78% and Nvidia -1.5%, though Intel jumped 6.36% and Oracle 5.12%. Elsewhere, Bath & Body Works rallied 6.25%. The U.S. 10-yield remained around 3.62% while Bitcoin gave back 1.75% to US$68,175. All eyes are on the U.S. Fed’s interest rate decision on Wednesday.
👨⚕️ Bausch Health Companies Inc. (BHC-T) +10.58%
🥇 B2Gold Corp. (BTO-T) +5.1%
🧬 Ballard Power Systems (BLDP-T) -7%
🥇 Kinross Gold (K-T) -3.74%
🛫 Air Canada (AC-T) +3.47%
🍎 Apple Inc (AAPL-Q) -2.78%
💾 NVIDIA Corporation (NVDA-Q) -1.5%
💾 Intel (INTC-Q) +6.36%
💻 Oracle (ORCL-N) +5.12%
👟 Bath & Body Works (BBWI-N) +6.25%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.75%
