On Thursday, Q4 U.S. GDP data handily beat expectations, clocking in at 3.3% instead of 2%. Core inflation for personal consumption rose 2% while the headline rate was 1.7%. The American economy was stronger than expected to end 2023 and avoided a recession as some feared. The news fueled the Wall Street rally, already running strong to ever-new highs. The S&P climbed another 0.53% to nearly 4,900, the Nasdaq added 0.18% to top 15,500 and make another 52-week high while the Dow returned to 38,000 after rallying 0.64%. The U.S. 10-year yield shed a few basis points to 4.12%. Against this backdrop were earnings. <\/p>\n\n\n\n
Winners included IBM<\/a> which soared 9.49%. Losers were Tesla<\/a> which closed -12.13% and Humana<\/a> at -11.69% both after reporting disappointing numbers and especially guidance. However, American Airlines<\/a> rose 10.27%. Bitcoin<\/a> shed 0.66% to below $40,000.<\/p>\n\n\n\n The TSX also gained, up 0.36% with more sectors positive than negative. Up were materials, utilities and energy, and down were staples. Major movers were Baytex<\/a> up 2.86%, Cenovus<\/a> 2.3%, Meg Energy<\/a> 4.1%, Lundin Gold<\/a> 4.87% and Cameco<\/a> at -3.43%. WTI jumped about 2.75% to over $77 a barrel.<\/p>\n\n\n\n 🧬 IBM Common Stock\u00a0(IBM-N)<\/a> +9.49%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -12.13%<\/p>\n\n\n\n 👨⚕️ Humana Inc\u00a0(HUM-N)<\/a> -11.69%<\/p>\n\n\n\n 🛫 American Airlines Group\u00a0(AAL-Q)<\/a> +10.27%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.66%<\/p>\n\n\n\n 🛢 Baytex Energy Corp\u00a0(BTE-T)<\/a> +2.86%<\/p>\n\n\n\n 🛢 Cenovus Energy\u00a0(CVE-T)<\/a> +2.3%<\/p>\n\n\n\n 🛢 MEG Energy Corp\u00a0(MEG-T)<\/a> +4.1%<\/p>\n\n\n\n