Uranium fuels TSX higher
Recent deals by megatech companies to secure nuclear energy propelled the TSX on Wednesday to new highs. The Canadian index climbed 0.5% to 24,561 as uranium names soared: Cameco by 7.55%, Energy Fuels 14.87% and Denison Mines 11.57%. Meanwhile, Air Canada rallied 4.35%, but Celestica ended the day -4.68%. WTI remained at US$70.50 a barrel while gold added US$11 to US$2,673.
On Wall Street, the Dow advanced 0.79% to its own high of 43,077 while the S&P rose 0.47% and the Nasdaq 0.28%. Earnings were the key driver as United Airlines took off by 12.44%, Delta 6.79% and Morgan Stanley 6.5%. Nvidia rallied 3.13% as the most-active name while Walgreens gained another 6.24%. The U.S. 10-year yield held around 4.016% while Bitcoin increased 2% to US$67,860.
⛏ Cameco Corporation (CCO-T) +7.55%
⛏ Energy Fuels Inc. (EFR-T) +14.87%
⛏ Denison Mines Corp (DML-T) +11.57%
🛫 Air Canada (AC-T) +4.35%
🧬 Celestica Inc (CLS-T) -4.68%
🛫 United Airlines Holdings (UAL-Q) +12.44%
🛫 Delta Air Lines Inc (DAL-N) +6.79%
🏛 Morgan Stanley (MS-N) +6.5%
💾 NVIDIA Corporation (NVDA-Q) +3.13%
💊 Walgreen Boots Alliance (WBA-Q) +6.24%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2%