Tuesday rally, oil weakness
Tuesday saw a convincing rally that ended on session highs. The S&P ended up 2.02%, the Nasdaq 2.76% and the Dow 1.34%. Nearly all of the sectors rallied.
Major gainers included Boeing up 6.45%, Disney and JPMorgan both adding 3.31%, tech stocks like Booking Holdings up 4.92%, AMD popping 8.73% after an upgrade and Apple adding 2.54%. Walmart issued a negative report and shares were slammed 11.38%. In contrast, Home Depot offered a positive quarter and rose 1.68%. As tech rallied, the U.S. 10-year yield also climbed, nearly returning to 3%. Meanwhile, Bitcoin inched above $30,000.
The TSX rose 1.35% as materials, energy and financials led the charge. WTI jumped as high at $115, but fell back to $112 to shed 1.8%. Meanwhile, WCS fell nearly 5% to $95. Big movers on Bay Street: Manulife up 2.4%, Bombardier 7.76%, Arc Resources 4.37%, Air Canada 4.84% and Lightspeed regained 5.89% after being hammered in recent sessions. Similarly, Shopify climbed 3.19%. The Canadian dollar traded at 78 cents against the USD.
🛫 Boeing (BA-N) +6.45%
👸 Walt Disney Co. (DIS-N) +3.31%
🏛 JP Morgan Chase & Co (JPM-N) +3.31%
🧳 Booking Holdings Inc. (BKNG-Q) +4.92%
💾 Advanced Micro Devices (AMD-Q) +8.73%
🍎 Apple (AAPL-Q) +2.54%
🛒 Walmart Inc (WMT-N) -11.38%
🛠 Home Depot (HD-N) +1.68%
🏛 Manulife Financial (MFC-T) +2.4%
🚂 Bombardier Inc (B) (BBD.B-T) +7.76%
🛢 Arc Resources Ltd (ARX-T) +4.37%
✈ Air Canada (AC-T) +4.84%
💾 Lightspeed Commerce Inc (LSPD-T) +5.89%
🛍 Shopify Inc. (SHOP-T) +3.19%
