Markets up on Tuesday

The S&P/TSX composite saw a +0.14% change for today’s session, the Nasdaq composite was +1.04% and the Dow up -0.32% Some trending stocks for the day include C3.ai, Inc. +24-19%, NVIDIA Corporation +4.89 and Super Micro Computer +32.23%. The most active stocks today include Enbridge +0.52%, while Suncor Energy Inc saw +0.02%. Canadian Natural Rsrcs also saw […]

Yields fall, stocks mixed

Allan Tong Posted On September 10, 2024

The U.S. 10-year yield fell to a 52-week low of 3.644% by Tuesday’s close, reflecting overwhelming sentiment that the U.S. Fed will cut interest rates shortly, perhaps by 50 basis points. That said, the rotation into value stocks wasn’t reflected in the day’s indices as the Dow slipped 0.26% while the S&P rose 0.42% and the Nasdaq 0.81% to return above 17,000.

Major movers: Oracle soared 11.39% after a strong report, Broadcom 5.25%, Hewlett Packard -8.66%, GM -5.44%, and Tesla 4.58%. Bitcoin added 1.45% to US$57,850.

The TSX sank 0.21% to close below 23,000 also in mixed trading. Energy and discretionary weighed on gains by healthcare and materials. Key names: Suncor -3.17%, CNQ -3.5%, Kinross Gold 6.23%, Energy Fuels 5.85%, and Precision Drilling -4.69%. Gold added US$10 to US$2,517 as WTI sank 3.6% to US$66.25.

💾 Oracle (ORCL-N) +11.39%

🧬 Broadcom (AVGO-Q) +5.25%

💻 Hewlett-Packard Co (HPQ-N) -8.66%

🚘 General Motors Corporation (GM-N) -5.44%

🚗 Tesla Inc (TSLA-Q) +4.58%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.45%

🛢Suncor Energy Inc (SU-T) -3.17%

🛢 Canadian Natural Rsrcs (CNQ-T) -3.5%

🥇 Kinross Gold (K-T) +6.23%

🛢 Energy Fuels Inc. (EFR-T) +5.85%

🛢 Precision Drilling (PD-T) -4.69%