Stockchase After the Close On the eve of the U.S. Fed’s interest rate announcement, markets rallied Tuesday to end January in the green. On Wall Street, the S&P closed up 1.46% (over 5% for the month), the Nasdaq up 1.67% (1.7% in January), and the Dow up 1.09%.
There was green across the board, but the biggest movers included car makers GM up 8.32%, Ford by 4.62% and Tesla 3.88%, FedEx popping 5.32% and AMD up 3.55%, but falling further after hours on an earnings beat. The U.S. 10-year yield was 3.505% while Bitcoin added 1% to $23,000.
The TSX advanced 0.8% Tuesday, but rallied 6.81% in January. During the session, all sectors except utilities rose. Materials, financials and industrials outperformed the most. Major movers here were TD up 1.56%, Lithium Americas soaring 13.54%, Ivanhoe Mines by 7.48%, Athabasca Oil up 5.78%, though Denison Mines slid 3.08%. WTI oil rose 1.5% to $79 a barrel.