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The TSX regained 0.76% on the strength of materials rebounding sharply in names such as Lundin Mining, up 6.98%, and First Majestic Silver at 8.85%. Silver rallied nearly 2.9% to US$59.80, while gold added US$43 to US$41,21. Meanwhile, banks continued to rally with the Bank of Nova Scotia climbing 1.31%, while BlackBerry rallied 3.05% and CNQ sank 1.15% on weakness in oil prices. WTI slid 2.22% to US$71.90 as markets keep an eye on the ever-changing situation in Iran.  

On Wall Street, tech had a good session with the Nasdaq advancing 1.3%. The S&P rose 0.8% and the Dow 0.27%. Key names: Costco -4.21%, Hewlett Packard 9.94%, Tesla 3.17%, FedEx Freight 7.64%, Paramount Skydance -4.31%, and Lumentum Holdings 11.13%. The U.S. 10-year yield held around 4.549% while Bitcoin jumped US$1,100 to US$63,170.

⛏ Lundin Mining Corp. (LUN.TO) +6.98%

🥈 First Majestic Silver (AG.TO) +8.85%

🏛 Bank of Nova Scotia (BNS.TO) +1.31%

📱 BlackBerry (BB.TO) +3.05%

🛢 Canadian Natural Rsrcs (CNQ.TO) -1.15%

🛒 Costco Wholesale Corporation (COST) -4.21%

💾 Hewlett-Packard Co (HPQ) +9.94%

🚗 Tesla Inc (TSLA) +3.17%

📦 FedEx Freight Holding Company, Inc. (FDXF) +7.64%

🎞 Paramount Skydance Corporation (PSKY) -4.31%

🧬 Lumentum Holdings (LITE) +11.13%

As the U.S. and Iran exchanged fire in the Middle East, Trump announced the end of the fragile ceasefire on Wednesday, which sent oil prices soaring as much as 7% and shares tumbling. WTI closed the session nearly 6% higher at US$74.55. The S&P closed -0.28%, the Dow -1.09% though the Nasdaq climbed 0.2%. Higher oil prices revived expectations of higher inflation and interest rates. The U.S.10-year yield spiked to 4.577%. Homebuilder stocks were punished, with DR Horton plunging 4.61% as were airlines, which are struggling with soaring fuel prices. American Airlines dove 3.95%. Elsewhere, Nvidia rebounded 3.65% while Honeywell sank 5.79% and SpaceX fell 0.78% to close below its $150 IPO price.

In Canada, the TSX shed 0.95% or over 330 points. Energy led four sectors higher as materials and financials lagged the most. Silver slumped by 2.85% to US$58.15 and gold sagged US$30 to US$4,074. Major movers: Methanex 6.21%, CNQ 4.07%, TD -2.61%, Whitecap Resources 4.51% and B2Gold -7.31%.

🔧 D R Horton Inc. (DHI) -4.61%

🛫 American Airlines Group (AAL) -3.95%

💾 NVIDIA Corporation (NVDA) +3.65%

🧬 Honeywell International (HON) -5.79%

📡 SpaceX (SPCX) -0.78%

🧫 Methanex Corp (MX.TO) +6.21%

🛢 Canadian Natural Rsrcs (CNQ.TO) +4.07%

🏛 Toronto-Dominion Bank (TD.TO) -2.61%

🛢 Whitecap Resources (WCP.TO) +4.51%

🥇 B2Gold Corp. (BTO.TO) -7.31%

It was a down day for the high-flying chip stocks as Intel tumbled 9.66% and Micron sank 4.71%. The Nasdaq slid 1.16% as the S&P declined 0.45% and the Dow lost 0.25%. Meanwhile, Tesla closed -4.02%, Occidental Petroleum 5.88% and Cboe Global Markets 5.53%. Bitcoin shed US$55 to US$63,735, and the U.S. 10-year yield rose to 4.547%.

In contrast, the TSX advanced 0.12% to approach its all-time high as nine sectors rallied. Energy and telcos led while materials continued to sell off. Key Canadian names: CNQ 3.2%, TC Energy 2.69%, Americas Gold & Silver -10.25% and Hudbay Minerals -7.78%. In commodities, silver fell 3.25% to US$59.90, gold declined US$51 to US$4,113, and WTI rose US$3.45 to US$72.

💾 Intel (INTC) -9.66%

💾 Micron Technology (MU) -4.71%

🚗 Tesla Inc (TSLA) -4.02%

🛢 Occidental Petroleum Corp (OXY) +5.88%

🏛 CBOE Holdings Inc. (CBOE) +5.53%

🛢 Canadian Natural Rsrcs (CNQ.TO) +3.2%

🛢 TC Energy (TRP.TO) +2.69%

⛏ U.S. Silver & Gold (USA.TO) -10.25%

⛏ Hudbay Minerals (HBM.TO) -7.78%