Tech lead a rise in stocks Thursday as markets shrugged off January’s U.S. producer’s inflation numbers and after Trump announced reciprocal tariffs. Overall PPI came in higher than expected, but the core number was in-line with forecasts at 0.3% on the month, while some areas (health care, domestic airfares) actually declined. The S&P rallied over 1%, the Nasdaq jumped 1.5% or nearly 300 points, and the Dow rose 0.77%. Another boost came from earnings. <\/p>\n\n\n\n
MGM<\/a> reported and shares soared 17.46%, Molson Coors<\/a> leapt 9.52%, but Iron Mountain<\/a>‘s mixed report sank its shares by 7.28%. Meanwhile, the semis continued to regain ground with Intel<\/a> up 7.34% and Super Micro Computer<\/a> 9.19%. The U.S. 10-year yield took a breather and declined to 4.531% while Bitcoin slipped over US$1,100 to US$96,500.<\/p>\n\n\n\n On Bay Street, the TSX rose 0.51% or 129 points as nearly every sector gained, led by tech, telcos and real estate. Gold continued to flirt with new highs after climbing US$24 to US2,928 though WTI held at US$71.40. Earnings impacted key names including Sun Life Financial<\/a> which slid 7.3% and Canadian Tire<\/a> down 7.81%, but Brookfield Corp.<\/a> jumped 2.34%. Meanwhile, Telus<\/a> rallied 3.74% and Shopify<\/a> 5.2%.<\/p>\n\n\n\n ♠ MGM Resorts International\u00a0(MGM-N)<\/a> +17.46%<\/p>\n\n\n\n 🍺 Molson Coors Brewing Company\u00a0(TAP-N)<\/a> +9.52%<\/p>\n\n\n\n 🏛 Iron Mountain\u00a0(IRM-N)<\/a> -7.28%<\/p>\n\n\n\n 💾 Intel\u00a0(INTC-Q)<\/a> +7.34%<\/p>\n\n\n\n 💾 Super Micro Computer\u00a0(SMCI-Q)<\/a> +9.19%<\/p>\n\n\n\n 🏛 Sun Life Financial Inc\u00a0(SLF-T)<\/a> -7.3%<\/p>\n\n\n\n 🛒 Canadian Tire Corporation Ltd. (A)\u00a0(CTC.A-T)<\/a> -7.81%<\/p>\n\n\n\n 🏛 Brookfield Corp\u00a0(BN-T)<\/a> +2.34%<\/p>\n\n\n\n