A day after the Canadian and American central banks cut interest rates by 25 basis points–and the U.S. Fed penciling in two more this year–the major indices in Toronto and New York rallied to record highs. On the strength of tech, the TSX added 0.45% as BlackBerry rallied 2.19% and Shopify 3.03%. Elsewhere, Capital Power jumped 6.15%, Barrick Gold 2.19% and Ivanhoe Mines sank 6.48%. Sectors were actually mixed with telcos lagging the most. Gold declined US$13 to US$3,646 while WTI gave back 0.58% to US$3,646.<\/p>\n
Unsurprisingly, tech led Wall Street’s gains, helped by a collaboration announced between Nvidia and Intel. NVDA rose 3.49%, but Intel soared 22.77%. The tech-heavy Nasdaq jumped 0.94%, the S&P 0.48% and the Dow 0.27%. Also noteworthy were Synopsys popping 12.86%, Crowdstrike 12.82% and Live Nation sinking 2.77% after Washington slapped it with lawsuit, alleging what countless concert-goers already know: Ticketmaster allegedly allows scalpers to inflate concert tickets while the company profits. The U.S. 10-year yield held around 4.1%, though Bitcoin added 1.6% to US$117,500.<\/p>\n
📱 BlackBerry (BB-T) +2.19%
\n🛍 Shopify Inc. (SHOP-T) +3.03%
\n💡 Capital Power (CPX-T) +6.15%
\n🥇 Barrick Gold Corp (ABX-N) +2.19%
\n⛏ Ivanhoe Mines Ltd (IVN-T) -6.48%
\n💾 NVIDIA Corporation (NVDA-Q) +3.49%
\n💾 Intel (INTC-Q) +22.77%
\n💾 Synopsys Inc (SNPS-Q) +12.86%
\n💾 CrowdStrike Holdings (CRWD-Q) +12.82%
\n📺 Live Nation Entertainment Inc. (LYV-N) -2.77%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.6%<\/p>\n","protected":false},"excerpt":{"rendered":"
A day after the Canadian and American central banks cut interest rates by 25 basis points–and the U.S. Fed penciling in two more this year–the major indices in Toronto and New York rallied to record highs. On the strength of […]<\/p>\n","protected":false},"author":12,"featured_media":343920,"comment_status":"closed","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-344065","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\/344065","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=344065"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/344065\/revisions"}],"predecessor-version":[{"id":344068,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/344065\/revisions\/344068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/343920"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=344065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=344065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=344065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}