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Tech led American markets higher on Thursday, a day after the Fed-induced sell-off, but commodities dragged the TSX down further. The Nasdaq settled 1.91% higher, helped by Sandisk which soared 11.61%, and Intel up 10.64%. The S&P rallied 1.13% and the Dow added 0.17%. Other key names: Accenture -17.97%, Cognizant Technology Solutions -10.49% and Corning 11.15%. Meanwhile, SpaceX continued to fall back to Earth after its launch, sinking 3.56%. The U.S. 10-year yield held 4.453% while Bitcoin slipped over 2% to US$63,105.

Bay Street’s sectors were mixed, with healthcare enjoying strong gains while materials, tech and energy weighed down the TSX. While WTI edged up 0.25% to US$77, commodities continued to sell off. Silver faded 3% to US$65 and gold slipped US$40 to US$4,215. Major movers: CNQ -3.05%, B2Gold -2.56%, Whitecap Resources -3.03%, Toromont Industries 17.14%, Energy Fuels 8.19%.

💾 Sandisk Corp (SNDK) +11.61%

💾 Intel (INTC) +10.64%

💻 Accenture Ltd. (ACN) -17.97%

💾 Cognizant Technology Solutions Corp. (CTSH) -10.49%

🧬 Corning Inc (GLW) +11.15%

📡 SpaceX (SPCX) -3.56%

🅱 Bitcoin (BTCUSD) (BTC-USD) -2%

🛢 Canadian Natural Rsrcs (CNQ.TO) -3.05%

🥇 B2Gold Corp. (BTO.TO) -2.56%

🛢 Whitecap Resources (WCP.TO) -3.03%

⚙ Toromont Industries (TIH.TO) +17.14%

⛏ Energy Fuels Inc. (EFR.TO) +8.19%

The U.S. Fed held interest rates, but signalled a hike later this year. Nine of the 18 FOMC members who submitted economic projections foresee an interest rate increase by the end of 2026. Markets in New York and Toronto were trading mildly positive until the announcement, then plunged: the S&P -1.21%, Nasdaq -1.34%, Dow -0.98% and the TSX 0.75%. The U.S. 10-year yield climbed to 4.495%. Silver tumbled 4.3% to US$66.90, gold slipped US$90 to US$4,290 though WTI held at US$76.05 after details of the controversial peace deal between the U.S. and Iran were announced.

Key names on Wall Street included Nvidia at -1.33%, Intel 3.46%, Robinhood 8.78%, Amazon -3.46% and SpaceX -4.95%, its first down day since its IPO. In Toronto, 10 sectors sold off, led by industrials, materials and energy. Only financials managed any sort of gains. Major movers: Gildan 6.52%, CNQ -1.43%, Barrick -2.58%, Suncor -2.49% and Lundin Mining -6.11%.

💾 NVIDIA Corporation (NVDA) -1.33%

💾 Intel (INTC) +3.46%

🏛 Robinhood (HOOD) +8.78%

📦 Amazon.com, Inc. (AMZN) -3.46%

📡 SpaceX (SPCX) -4.95%

👕 Gildan Activewear Inc. (GIL.TO) +6.52%

🛢 Canadian Natural Rsrcs (CNQ.TO) -1.43%

⛏ Barrick Mining (ABX.TO) -2.58%

🛢 Suncor Energy Inc (SU.TO) -2.49%

⛏ Lundin Mining Corp. (LUN.TO) -6.11%

Tuesday markets looked like Monday’s after the TSX and Dow made new closing highs while tech and crude oil declined. In Toronto, outsized gains in materials largely offset losses in seven sectors, including discretionary, tech and energy. The Canadian index gained 0.32% to 35,390. Most active were CNQ at -1.76%, B2Gold 2.24% and Barrick Mining 2.32%. Meanwhile, Cenovus slipped 3.24% and SSR Mining jumped 10.21%. Gold added US$21 to US$4,333, while silver held just below $70, and WTI sank another 5.15% to US$76.60 during the US-Iran ceasefire.

In New York, the Dow made yet another record close, this time advancing 0.64%, though the S&P slipped 0.57% and the Nasdaq fell 1.15%. tech suffered major losses with Nvidia declining 2.37% and Intel tumbling 8.45%. Meanwhile, Moderna rallied 6.27%, Take-Two Interactive bounced 6.35% as Cboe Global Markets cratered by 9.45%. Bitcoin fell over 1.1% to US$65,755. The U.S. 10-year yield slipped to 4.437%.

🛢 Canadian Natural Rsrcs (CNQ.TO) -1.76%

🥇 B2Gold Corp. (BTO.TO) +2.24%

⛏ Barrick Mining (ABX.TO) +2.32%

🛢 Cenovus Energy (CVE.TO) -3.24%

⛏ SSR Mining (SSRM.TO) +10.21%

💾 NVIDIA Corporation (NVDA) -2.37%

💾 Intel (INTC) -8.45%

💉 Moderna (MRNA) +6.27%

💾 Take-Two Interactive Software (TTWO) +6.35%

🏛 CBOE Holdings Inc. (CBOE) -9.45%

🅱 Bitcoin (BTCUSD) (BTC-USD) -1.1%