TSX jumps 200 points, Wall Street hits highs
Never mind the war and inflation, here’s the AI rally. The Nasdaq rose 0.88% to a record close of 26,635, while tech lead the TSX over 200 points higher to approach fresh highs. Meanwhile, the S&P popped 0.77% to make its own record–above 7,500–while the Dow rose 376 points past 50,000. Nvidia continued to post new highs, up 4.39% while Cisco leapt 13.41%, AppLovin 6.97%, JB Hunt 7.09% and Intel -3.62%.
In Toronto, materials was the only sector that failed to gain. Silver slumped over 6% to US$83.80, gold slipped US$40 to US$4,65, and WTI held just under US$102. Financials and telcos were among the strongest areas. Major movers: Quebecor 7.8%, TFI International 6.69%, Boyd Group 6.37%, Manulife -5.71% and Brookfield 5.41% after beating the street. Bitcoin advanced over 2% to US$81,340 while the U.S. 10-year yield held around 4.485%.
💾 NVIDIA Corporation (NVDA-Q) +4.39%
🧬 Cisco (CSCO-Q) +13.41%
💾 AppLovin Corporation (APP-Q) +6.97%
🚚 J.B. Hunt Transport Servces (JBHT-Q) +7.09%
💾 Intel (INTC-Q) -3.62%
🖨 Quebecor Inc (B) (QBR.B-T) +7.8%
🚚 TFI International Inc (TFII-T) +6.69%
🚗 Boyd Group Services Inc. (BYD-T) +6.37%
🏛 Manulife Financial (MFC-T) -5.71%
🏛 Brookfield Asset Management (BAM-T) +5.41%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2%
