Stockchase After the Close Investors shrugged off higher than expected U.S. inflation February to spark a Tuesday rally. CPI rose 0.4% between January and February. The S&P rose 1.12% to a new record high of 5.175, the Nasdaq surged 1.54%, and the Dow climbed 0.61%.
Nvidia rebounded 7.16%, 3M climbed 4.97% and Oracle soared 11.75% after reporting earnings. However, Southwest Airlines plunged nearly 15% citing Boeing failure to deliver airplanes on time as a major reason and American Airlines sank 4.71%. The U.S. 10-year yield hovered around 4.159%. Meanwhile, Bitcoin gave back 1.4% to trends around $71,100.
The TSX added 0.28% as seven of 11 sectors gained, led by staples and industrials while utilities lagged the most. Among the gainers were Celestica up 3.62%, Cameco 2.95% and Goeasy up 3.05%. Heading down were B2Gold at -3.88% and Transalta at -6.03%. WTI held just under $78 while gold slipped over 1% to $2,160.