To no one’s surprise, U.S. Fed Chair Jay Powell held America’s key interest rate steady on Wednesday afternoon. Markets on both sides of the border were already climbing before his remarks, but accelerated after. The S&P closed 1.05% higher, the Nasdaq jumped 1.64% to finish above 13,000, while the Dow added 0.67%. There was green pretty much across the board. <\/p>\n\n\n\n
Major movers were AMD<\/a> up 9.69%, Amazon<\/a> 2.94%, Martin Mareitta Materials<\/a> 7.39%, but luxury names sank, including Estee Lauder<\/a> which finished -18.9%. Paycom<\/a> delivered a miss and weak guidance and plunged 38.49%. Meanwhile, the U.S. 10-year yield slid to 3.742%. Bitcoin<\/a> added 0.55% to nearly $35,000.<\/p>\n\n\n\n The TSX rallied 1.09% with every sector except materials gaining. Consumer staples and utilities jumped. Major movers on Bay Street were Brookfield Corporation<\/a> by 4.78%, Brookfield Infrastructure<\/a> up 10.8%, Dye & Durham<\/a> 7.66%, Algonquin Power<\/a> 4.87%, though First Quantum Minerals<\/a> sank another 8.03%. WTI crude was flat at $81.<\/p>\n\n\n\n 💾 Advanced Micro Devices (AMD-Q)<\/a> +9.69%<\/p>\n\n\n\n 📦 Amazon.com, Inc. (AMZN-Q)<\/a> +2.94%<\/p>\n\n\n\n 🧱 Martin Marietta Materials (MLM-N)<\/a> +7.39%<\/p>\n\n\n\n 💄 Estee Lauder (EL-N)<\/a> -18.9%<\/p>\n\n\n\n 💾 Paycom (PAYC-N)<\/a> -38.49%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.55%<\/p>\n\n\n\n 🏛 Brookfield Corp (BN-T)<\/a> +4.78%<\/p>\n\n\n\n 💡 Brookfield Infrastructure LP (BIP-N)<\/a> 10.8%<\/p>\n\n\n\n 💾 Dye & Durham (DND-T)<\/a> +7.66%<\/p>\n\n\n\n 💡 Algonquin Power & Utilities Corp (AQN-T)<\/a> +4.87%<\/p>\n\n\n\n