Markets extended Tuesday’s gains as Trump indicated that he won’t replace U.S. Fed Chair, Jerome Powell, despite recent threats, and stated that he will reduce the 145% tariff on China, though did not elaborate. Wednesday markets jumped on this sentiment, but faded by the close. The S&P finished 1.67% higher, though was twice as high earlier, while the Nasdaq gained 2.5% or over 400 points and the Dow 1.07%. <\/p>\n\n\n\n
Influential names included Nvidia<\/a> up 3.86%, Super Micro Computer<\/a> by 7.59%, Palantir<\/a> 7.27% and Tesla<\/a> 5.37% despite a Q1 miss, but fueled by its controversial CEO, Elon Musk, announcing he will spend less time in Washington and more running his company, which has nosedived in recent weeks. Meanwhile, Enphase Energy<\/a> plunged 15.65%. The U.S. 10-year yield held around 4.391% while Bitcoin<\/a> rose another 3% to US$93,890.<\/p>\n\n\n\n Similarly, the TSX faded into the close, but still advanced 0.69% as sectors were mixed. Tech soared, but healthcare and materials lagged the most. Whitecap Resources<\/a> was the most influential name, slipping 1.84% as Baytex<\/a> fell 2.56%. Capstone Copper<\/a> jumped 8.58%, Celestica<\/a> 7.7% and First Quantum Minerals<\/a> 9.42%. Gold declined US$86 but still remained near records highs at US$3,294, while WTI declined 2.15% to US$62.35.<\/p>\n\n\n\n 💾 NVIDIA Corporation (NVDA-Q)<\/a> +3.86%<\/p>\n\n\n\n 💾 Super Micro Computer (SMCI-Q)<\/a> +7.59%<\/p>\n\n\n\n 💾 Palantir Technologies (PLTR-Q)<\/a> +7.27%<\/p>\n\n\n\n 🚗 Tesla Inc (TSLA-Q)<\/a> +5.37%<\/p>\n\n\n\n ⚡ Enphase Energy (ENPH-Q)<\/a> -15.65%<\/p>\n\n\n\n 🅱 The Bitcoin Fund (QBTC.U-T)<\/a> +3%<\/p>\n\n\n\n 🛢 Whitecap Resources (WCP-T)<\/a> -1.84%<\/p>\n\n\n\n 🛢 Baytex Energy Corp (BTE-T)<\/a> -2.56%<\/p>\n\n\n\n ⛏ Capstone Copper Corp (CS-T)<\/a> +8.58%<\/p>\n\n\n\n