On Thursday, the U.S. December CPI print came in at 0.3%, pushing the annual rate to 3.4%, compared to the expected 0.2% and 3.2%. Core CPI was in in-line. The data suggests that future interest rate cuts may come slower than the street projected. The news triggered a volatile session, but American indices closed flat. The S&P and Nasdaq shed a handful of points while the Dow ended just where it started the day. However, the U.S. 10-year yield wound up below 4.0%. The other big news on Wall Street was that 11 Bitcoin ETFs began trading (after Wednesday’s false start). <\/p>\n\n\n\n
Amid this excitement, Bitcoin<\/a> itself declined 0.8% to trade around $46,300. Also grabbing headlines was Microsoft<\/a> overtaking Apple<\/a> during the session as the largest company by market cap as it made an all-time intraday high. Elsewhere, Netflix<\/a> rallied 3.05%, Salesforce<\/a> 2.91%, Paramount Global<\/a> -5.56% and Warner Bros. Discovery<\/a> -3.87%.<\/p>\n\n\n\n The TSX was quieter, though it slipped 0.34%. Sectors were mixed as staples and energy led and utilities and financials fell in reaction to U.S. inflation. Notable names were Cameco<\/a> popping 3.46%, TD<\/a> -1.34%, CIBC<\/a> -1.62% and Aritizia<\/a> which soared nearly 21% after reporting a convincing beat and breaking a long slump. Meanwhile, WTI crude climbed 1.4% to $72.35.<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.8%<\/p>\n\n\n\n 📺 Netflix Inc.\u00a0(NFLX-Q)<\/a> +3.05%<\/p>\n\n\n\n 💨 SalesForce.com Inc.\u00a0(CRM-N)<\/a> +2.91%<\/p>\n\n\n\n 🎞 Paramount Global\u00a0(PARA-Q)<\/a> -5.56%<\/p>\n\n\n\n 📺 Warner Bros. Discovery\u00a0(WBD-Q)<\/a> -3.87%<\/p>\n\n\n\n ⛏ Cameco Corporation\u00a0(CCO-T)<\/a> +3.46%<\/p>\n\n\n\n 🏛 Toronto Dominion\u00a0(TD-T)<\/a> -1.34%<\/p>\n\n\n\n 🏛 Canadian Imperial Bank of Commerce\u00a0(CM-T)<\/a> -1.62%<\/p>\n\n\n\n