{"id":341678,"date":"2024-06-24T17:47:20","date_gmt":"2024-06-24T21:47:20","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341678"},"modified":"2024-06-24T17:47:23","modified_gmt":"2024-06-24T21:47:23","slug":"tsx-rebounds-nvidia-corrects","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-rebounds-nvidia-corrects\/","title":{"rendered":"TSX rebounds, Nvidia corrects"},"content":{"rendered":"\n<p>The week started differently between Canadian and American markets. Lagging Wall Street this year, the TSX rebounded Monday by 1.28% as all sectors but tech rallied. Staples, energy, financials and utilities enjoyed outsized gains. <\/p>\n\n\n\n<p>Most active were energy names <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy<\/a>, up 1.29%, and <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> by 3.03%. The banks showed some life as <a href=\"https:\/\/stockchase.com\/CM-T\">CIBC<\/a> rose 1.71% and <a href=\"https:\/\/stockchase.com\/TD-T\">TD<\/a> 1.93%. Meanwhile, <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals<\/a> popped 6.13%. Gold added US$11 to US$2,333 while WTI crude climbed US$1 to US$81.70.<\/p>\n\n\n\n<p>Trading was mixed on Wall Street. The Dow advanced 0.73%, but the S&amp;P sank nine points and the Nasdaq slid 0.87%. Weighing on the indices was another sell-off by <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> which sank 6.04% to put it in correction territory. Similarly, <a href=\"https:\/\/stockchase.com\/SMCI-Q\">Super Micro Computer<\/a> fell 8.66%. However, Microsoft made an intraday  high today. Elsewhere, <a href=\"https:\/\/stockchase.com\/MOS-N\">Mosaic<\/a> rallied 5.05%, <a href=\"https:\/\/stockchase.com\/F-N\">Ford<\/a> rose 3.42% and energy rose with <a href=\"https:\/\/stockchase.com\/DVN-N\">Devon<\/a> up 4.54%. Meanwhile, the U.S. 10-year-yield held around 4.248% as <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> tanked 5.5% to US$59,800.<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy\u00a0(TRP-T)<\/a> +1.29%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc\u00a0(SU-T)<\/a> +3.03%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/CM-T\">Canadian Imperial Bank of Commerce\u00a0(CM-T)<\/a> +1.71%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/TD-T\">Toronto Dominion\u00a0(TD-T)<\/a> +1.93%<\/p>\n\n\n\n<p> &#x26cf; <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals\u00a0(FM-T)<\/a> +6.13%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -6.04%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/SMCI-Q\">Super Micro Computer\u00a0(SMCI-Q)<\/a> -8.66%<\/p>\n\n\n\n<p>&#x1f33f; <a href=\"https:\/\/stockchase.com\/MOS-N\">Mosaic Company (The)\u00a0(MOS-N)<\/a> +5.05%<\/p>\n\n\n\n<p>&#x1f698; <a href=\"https:\/\/stockchase.com\/F-N\">Ford Motor\u00a0(F-N)<\/a> +3.42%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/DVN-N\">Devon Energy Corp\u00a0(DVN-N)<\/a> +4.54%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -5.5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week started differently between Canadian and American markets. Lagging Wall Street this year, the TSX rebounded Monday by 1.28% as all sectors but tech rallied. Staples, energy, financials and utilities enjoyed outsized gains. Most active were energy names TC [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-341678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=341678"}],"version-history":[{"count":4,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341678\/revisions"}],"predecessor-version":[{"id":341684,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341678\/revisions\/341684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=341678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}