Wednesday was fed day on both sides of the border. To no one’s surprise, the Bank of Canada held the key lending rate at 2.25% while the U.S. Fed cut America’s by 25 basis points to 3.50-3.75%. Markets reacted by rallying: the S&P by 0.67%, the Nasdaq 0.33%, the Dow 1.05% and the TSX 0.79% to nearly make a record close. The small-cap Russell 2000 jumped 1.32% to a record high of 2,559. The U.S. 10-year yield declined to 4.151%.<\/p>\n\n\n\n
Major movers on Wall Street included Warner Bros. Discovery<\/a> rising another 4.49%, Western Digital<\/a> 7.32%, and GE Vernova<\/a> 15.62% after a major share\u00a0buyback announcement. The ride-sharers tanked: Uber<\/a> -5.51% and Lyft<\/a> -6.7%. Industrials and materials rallied the most while utilities\u00a0were the only negative sector on the Dow. In Toronto, tech, financials and materials were among the seven winning sectors while telcos led the laggards. Lightspeed<\/a> leapt 6.88%, Barrick Gold<\/a> 1.92%, Shopify<\/a> 4.84%, Ivanhoe Mines<\/a> 4.74% and Bombardier<\/a> slid 5.93%.<\/p>\n\n\n\n Bitcoin declined US$265 to US$92,400. WTI rose 1.25% to US$60 while silver jumped 1.8% to a record US$61.69 and gold added US$19 to US$4,227.<\/p>\n\n\n\n 📺 Warner Bros. Discovery (WBD-Q)<\/a> +4.49%<\/p>\n\n\n\n 💾 Western Digital (WDC-Q)<\/a> +7.32%<\/p>\n\n\n\n 🔌 GE Vernova (GEV-N)<\/a> +15.62%<\/p>\n\n\n\n 🚘 Uber (UBER-N)<\/a> -5.51%<\/p>\n\n\n\n 🚘 Lyft (LYFT-Q)<\/a> -6.7%<\/p>\n\n\n\n 💾 Lightspeed Commerce Inc (LSPD-T)<\/a> +6.88%<\/p>\n\n\n\n 🥇 Barrick Gold Corp (ABX-N)<\/a> +1.92%<\/p>\n\n\n\n 🛍 Shopify Inc. (SHOP-T)<\/a> +4.84%<\/p>\n\n\n\n