Thursday morning saw the release of American PCE inflation data coming in as expected in January at 0.4% (0.3% including volatile food and energy costs), and 2.8% from a year ago. The market exhaled and greeted the news positively. The S&P rose 0.52%, the Nasdaq 0.9%, and the Dow 0.12%. <\/p>\n\n\n\n
Key names included AMD<\/a> jumping 9.24%, Amazon<\/a> 2.08%, and Hormel Foods<\/a> 14.82%, but Snowflake<\/a> closed -18.14% after reporting earnings. The U.S. 10-year yield held around 4.244%, and Bitcoin<\/a> gave back 1.9% to fall back to $61,300 after recent torrid gains.<\/p>\n\n\n\n The U.S. inflation news helped the commodities trade on Bay Street as the TSX added 0.55% to flirt with 52-week highs. Energy and materials led most sectors higher while consumer staples sank. Most active were Algonquin Power<\/a>, climbing 1.02%, CNQ<\/a> 5.15% and Baytex<\/a> -8.07%. Meanwhile, Lithium Americas<\/a> leapt 15.66% and Oceanagold<\/a> 7.14%. WTI declined 0.4% to $78.20 a barrel.<\/p>\n\n\n\n 💾 Advanced Micro Devices (AMD-Q)<\/a> +9.24%<\/p>\n\n\n\n 📦 Amazon.com, Inc. (AMZN-Q)<\/a> +2.08%<\/p>\n\n\n\n 🥘 Hormel Foods Corp (HRL-N)<\/a> +14.82%<\/p>\n\n\n\n 💾 Snowflake (SNOW-N)<\/a> -18.14%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.9%<\/p>\n\n\n\n 💡 Algonquin Power & Utilities Corp (AQN-T)<\/a> +1.02%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> +5.15%<\/p>\n\n\n\n 🛢 Baytex Energy Corp (BTE-T)<\/a> -8.07%<\/p>\n\n\n\n