Stockchase After the Close It’s a major week for markets with many of the Magnificent 7 megatech stocks reporting. Wall Street was in an optimistic mood , lifting the S&P past 5,000 after climbing 0.87%, the Nasdaq by 1.1% and the Dow by 0.67%.
Notable names included Ford which soared 6.1%, United Airlines 4.98%, and Nvidia 4.35%. However, Tesla closed -3.4% after announcing price cuts to its EVs, and Verizon finished -4.67% after it reported. The U.S. 10-year yield held at 4.61%, though Bitcoin regained 2.6% to US$66,600.
Nearly all sectors rose on Bay Street. Materials was the biggest laggard while staples, real estate and discretionary ran the furthest. Celestica jumped 5.18%, Royal Bank 1.01%, Kelt Exploration 4.94% and Restaurant Brands International 2.99%. In contrast Kinross Gold ended at -4.83%. WTI dipped slightly to close below US$83 a barrel as did gold which hovered around US$2,330 an ounce.