Markets on Bay and Wall streets extended Wednesday’s gains into Thursday, helped by the U.S. Fed’s Jerome Powell telling Washington that he’s “not far” from cutting interest rates. His comments raised hopes of a June cut. Tech, particularly semis stocks, led the broad rally. <\/p>\n\n\n\n
Nvidia<\/a> jumped another 4.47% to yet another record high, Intel<\/a> rose 3.68% and ON Semis<\/a> 6.88%. Meanwhile, grocery chain Kroger<\/a> soared 9.88% after reporting and Warner Bros. Discovery<\/a> popped 3.92%. All this pushed the S&P 1.03% to a new high of 5,157, the Nasdaq advanced 1.51% and the Dow 0.34%. The U.S. 10-year yield edged down to 4.08% while Bitcoin<\/a> climbed 2% to $67,400.<\/p>\n\n\n\n The TSX rallied 0.93% as most sectors enjoyed consistent gains, particularly staples, utilities, tech and industrials. Discretionaries was one of three sectors that retreated and only modestly. Key names on Bay Street: Linamar<\/a> reported and shares roared 11.44%, Brookfield Renewable Partners<\/a> leapt 6.37%, Denison Mines<\/a> 6.05%, Capstone Copper<\/a> 5.83% and Cameco<\/a> 5.38%. Gold climbed to $2,165 an ounce while WTI remained at $79 a barrel.<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +4.47%<\/p>\n\n\n\n 💾 Intel\u00a0(INTC-Q)<\/a> +3.68%<\/p>\n\n\n\n 🧬 ON Semiconductor\u00a0(ON-Q)<\/a> +6.88%<\/p>\n\n\n\n 🥫 Kroger Co.\u00a0(KR-N)<\/a> +9.88%<\/p>\n\n\n\n 📺 Warner Bros. Discovery\u00a0(WBD-Q)<\/a> +3.92%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +2%<\/p>\n\n\n\n 🚗 Linamar Corp\u00a0(LNR-T)<\/a> +11.44%<\/p>\n\n\n\n 💡 Brookfield Renewable Energy\u00a0(BEP.UN-T)<\/a> +6.37%<\/p>\n\n\n\n ⛏ Denison Mines Corp\u00a0(DML-T)<\/a> +6.05%<\/p>\n\n\n\n