Stockchase After the Close Weaker than expected PMI inflation data in Canada and the first of two votes passing the debt ceiling bill in Washington put markets in a positive mood Thursday. Markets started flat to begin the session but rose throughout the day. While not quite a relief rally, the indices regained some ground lost in previous days, starting with the TSX which added 0.5%. All but three sectors rallied, led by materials and energy, while tech lagged the most.
Suncor added 1.34% and Enbridge 1.93% as Denison Mines jumped nearly 9% and Lightspeed soared 8.68%. A bounce in crude oil prices helped as WTI rose nearly 3% to top $70.
On Wall Street, tech continued to lead as the Nasdaq climbed 1.19%, Nvidia jumped 4.84% and Meta 2.98%. Carnival rallied 5.48%, but Dollar General sank nearly 20% and Advance Auto Parts slid 6.39%. The U.S. 10-year yield was unchanged at 3.6% while Bitcoin fell 1.2% to $26,800.