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Micron reported a strong quarter and raised guidance, sending its shares 15.74% higher on Thursday. However, it wasn’t enough to lift the tech-heavy Nasdaq, which slipped 0.46% nor the S&P which was flat, though the Dow managed to climb 0.14%. The key inflation stat, PCE (personal consumption expenditures) rose to 4.1% in May as expected, due to higher oil costs from the US-Israel-Iran war. That war is undergoing a shaky peace negotiation now, which explains why WTI rose 2.22% to US$71.90. Other key names: Sandisk 21.97%, Amazon -3.1%, Apple -6.12% and Microsoft -3.46%. The last two names slumped after announcing price increases to their products. The U.S. 10-year edged down to 4.392%.

The TSX gained 0.33% as materials, healthcare and industrials led eight sectors higher. Tech fared the worst, despite BlackBerry soaring 19.25%. Elsewhere, Jamieson Wellness rallied 10.41%, while B2Gold rose 2.72%, Telus slipped 1.69% and MDA Space declined 4.64%. Gold added US$30 to $4,029 while silver advanced 0.87% to US$57.80. 

💾 Micron Technology (MU) +15.74%

💾 Sandisk Corp (SNDK) +21.97%

📦 Amazon.com, Inc. (AMZN) -3.1%

🍎 Apple Inc (AAPL) -6.12%

Ⓜ Microsoft Corp (MSFT) -3.46%

📱 BlackBerry (BB.TO) +19.25%

💊 Jamieson Wellness (JWEL.TO) +10.41%

🥇 B2Gold Corp. (BTO.TO) +2.72%

📱 Telus Corp (T.TO) -1.69%

🧬 MDA Space Ltd. (MDA.TO) -4.64%

Materials and oil continued to fall on Wednesday after WTI sank 4.4% to US$69.99, gold lost 2.86% to US$3,999 and silver tumbled 6.75% to US$57.50. Energy was the worst performer on the TSX as tech and staples fell short in propping up the Canadian index. The TSX shed nearly 30 points or 0.86%. Key movers: Shopify up 6.12%, Boyd Group 5.81%, CNQ -3.69%, Whitecap Resources -4.59% and Suncor -3.4%.

In New York, the S&P closed -0.1%, the Nasdaq -0.43% and the Dow up 0.36%. Tech continued to lose ground with Microsoft, for example, slipping 2.27%. Meanwhile, Charles River Labs rallied 8.31% while Apollo Global Management finished -6.13%, Blackstone -5.9% and Robinhood -5.87% The U.S. 10-year yield fell to 4.404%. Bitcoin slid 2.7% to US$60,725.

🛍 Shopify Inc. (SHOP.TO) +6.12%

🚗 Boyd Group Services Inc. (BYD.TO) +5.81%

🛢 Canadian Natural Rsrcs (CNQ.TO) -3.69%

🛢 Whitecap Resources (WCP.TO) -4.59%

🛢 Suncor Energy Inc (SU.TO) -3.4%

Ⓜ Microsoft Corp (MSFT) -2.27%

🧫 Charles River Labs Intl (CRL) +8.31%

🏛 Apollo Global Management (APO) -6.13%

🏛 Blackstone Group LP (BX) -5.9%

🏛 Robinhood (HOOD) -5.87%

🅱 Bitcoin (BTCUSD) (BTC-USD) -2.7%

Overnight selling of the semis stocks in Asia swept across New York and Toronto markets on Tuesday. There were sharp losses in the chipmakers, led by Nvidia at -4.13%, Intel -6.14% and Sandisk -13.64%. In contrast, GE Healthcare jumped 5.08% and IBM 5.04%. The S&P closed -1.44, the Nasdaq -2.21% and the Dow -0.09%. Bitcoin slid over 3% to US$62,400. The U.S. 10-year yield held just under 4.5%.

Toronto fared better by slipping 0.21% or 74 points. Staples and telcos led eight sectors higher, while materials lagged the most. Heavy hitters included Alimentation Couche-Tard, jumping 11.68%, TC Energy 1.88%, CNQ -1.57%, Hudbay Minerals -8.81% and Open Text 6.1% as several software names rebounded. Silver fell 5.4% to US$61.45, gold declined US$80 to US$4,110 and WTI crude -0.66% to US$4,110.

💾 NVIDIA Corporation (NVDA) -4.13%

💾 Intel (INTC) -6.14%

💾 Sandisk Corp (SNDK) -13.64%

👨‍⚕️ GE HealthCare Technologies Inc (GEHC) +5.08%

💾 IBM Common Stock (IBM) +5.04%

🅱 Bitcoin (BTCUSD) (BTC-USD) -3%

🍱 Alimentation Couche-Tard (ATD.TO) +11.68%

🛢 TC Energy (TRP.TO) +1.88%

🛢 Canadian Natural Rsrcs (CNQ.TO) -1.57%

⛏ Hudbay Minerals (HBM.TO) -8.81%

💾 Open Text (OTEX.TO) +6.1%