Tech rallies on flat Monday

Stocks in Toronto and New York saw little movement either way to begin the week, though the Mag 7 continued to rise. Nvidia rallied another 2.17% and Amazon jumped 4% to lead the Nasdaq 0.46% higher. Meanwhile, the S&P increased 11 points and the Dow sank 0.48%. The TSX gained 14 points after a choppy start. Also making headlines on Wall Street was Kimberly-Clark (-14.57%) buying Tylenol-maker Kenvue (12.32%). Otherwise, the U.S. 10-year yield remained at 4.1% while Bitcoin slid 2.85% to US$106,830.

Canadian sectors were mixed as discretionary led and healthcare and real estate lagged the most. Major movers on Bay Street included Capital Power surging 3.65%, Energy Fuels plunging 14.86% and Discovery Silver falling 4.95%. Banks enjoyed a strong session as CIBC rose 1.4% and National Bank climbed 0.96% to a new closing high. WTI was flat at US$61 and likewise gold held at US$4,002.

💾 NVIDIA Corporation (NVDA-Q) +2.17%

📦 Amazon.com, Inc. (AMZN-Q) +4%

🛒 Kimberly Clark (KMB-N) -14.57%

🛒 Kenvue (KVUE-N) +12.32%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2.85%

💡 Capital Power (CPX-T) +3.65%

🛢 Energy Fuels Inc. (EFR-T) -14.86%

🥈 Discovery Silver (DSV-T) -4.95%

🏛 Canadian Imperial Bank of Commerce (CM-T) +1.4%

🏛 National Bank of Canada (NA-T) +0.96%