The US, Israel and Iran reached a two-week cease fire, which sparked a strong rally in Toronto and particularly New York. The S&P closed 2.51%, the Nasdaq 2.8%, the Dow 2.85% and the TSX 1.15%. Crucially, WTI slid nearly 15% to US$96.40 after it was agreed that the Strait of Hormuz will eventually fully open to oil tanker traffic.<\/p>\n\n\n\n
In New York, there were gains nearly across the board, with Intel<\/a> up 11.42% as the most active stock, Micron<\/a> 7.72%, Amazon<\/a> 3.5%, Carnival<\/a> 11.23%, and Corning<\/a> 11.16%, though Palantir<\/a> sank 6.2%. In Toronto, Aritzia<\/a> jumped 9.52%, Hudbay Minerals<\/a> 8.23%, Lundin Mining<\/a> 7.9%, Celestica<\/a> 7.15% and CNQ<\/a> down 6.02%. Discretionary, tech, healthcare and materials led nine TSX sectors, while energy saw steep losses. Gold increased US$20 to US$4,727 while silver rose 1.9% to US$74.25. The cease fire prevented Trump from ordering the bombing of civilian targets in Iran, a war crime, but the agreement is also fragile. Moments before the closing bell, there were reports that Iran would not open the Hormuz due to Israel shelling Lebanon.<\/p>\n\n\n\n 💾 Intel (INTC-Q)<\/a> +11.42%<\/p>\n\n\n\n 💾 Micron Technology (MU-Q)<\/a> +7.72%<\/p>\n\n\n\n 📦 Amazon.com, Inc. (AMZN-Q)<\/a> +3.5%<\/p>\n\n\n\n 🚢 Carnival Corp. (CCL-N)<\/a> +11.23%<\/p>\n\n\n\n 🧬 Corning Inc (GLW-N)<\/a> +11.16%<\/p>\n\n\n\n 💾 Palantir Technologies (PLTR-Q)<\/a> -6.2%<\/p>\n\n\n\n 👗 Aritzia Inc. (ATZ-T)<\/a> +9.52%<\/p>\n\n\n\n ⛏ Hudbay Minerals (HBM-T)<\/a> +8.23%<\/p>\n\n\n\n ⛏ Lundin Mining Corp. (LUN-T)<\/a> +7.9%<\/p>\n\n\n\n