Wall Street hits highs as oil prices hold

Strong earnings and yet another Mideast ceasefire fueled optimism on Bay and especially Wall streets on Thursday. The S&P responded by climbing 0.58% to a new record close as did the Nasdaq by 0.91%. The Dow increased 0.05%. Earnings beats added to the positive vibe. For instance, Dollar Tree reported and shares soared 17.87%. Meanwhile, Super Micro Computer rallied 8.14%, Palantir 8.17%, Microsoft 3.47% and Synopsys -8.61%. Mideast hopes limited WTI’s climb to 0.9% and US$89.50. The U.S. 10-year yield slipped to 4.453%.

In Toronto, the TSX advanced 0.33% after tech, materials and healthcare led seven sectors higher. Financials lagged the most, influenced by a sell-off in CIBC by 5.38% after the bank reported. Other key names: Manulife -1.36%, ATS -14.27%, Goeasy 9.31%, and Shopify 7.42%. Silver edged up by 1.25% to US$75.45 and gold added US$43 to US$4,497.

🛒 Dollar Tree (DLTR) +17.87%

💾 Super Micro Computer (SMCI) +8.14%

💾 Palantir Technologies (PLTR) +8.17%

Ⓜ Microsoft Corp (MSFT) +3.47%

💾 Synopsys Inc (SNPS) -8.61%

🏛 Manulife Financial (MFC.TO) -1.36%

⚙ ATS Automation Tooling Systems (ATS.TO) -14.27%

🏛 goeasy (GSY.TO) +9.31%

🛍 Shopify Inc. (SHOP.TO) +7.42%