TSX Surges 1.35% as Nvidia Beats and Oil Retreats Below $100
TSX Surges 1.35% as Nvidia Beats and Oil Retreats Below $100 A blowout Nvidia earnings report and accelerating US-Iran peace diplomacy conspired to lift Canadian equities, while a sharp drop in crude oil — below the psychologically important $100 mark — offered relief to consumers and rate-watchers alike. TSX 34,197.87 ▲ +1.35% CAD/USD 0.7275 ▼ −0.02% WTI Crude $97.83 ▼ −6.07% Gold $4,518/oz ▼ −0.38% Bitcoin CAD $106,195 ▲ +0.79% Market Overview Bay Street Bounces Back Canadian equities logged their best single-day gain in weeks on Thursday as two powerful tailwinds converged: Nvidia's standout quarterly results lifted North American tech sentiment broadly, while peace-talk progress between the US and Iran sent oil prices tumbling more than six percent. The S&P/TSX Composite Index climbed to 34,197.87, recovering the ground lost during Tuesday's selloff and then some. The Nvidia Effect Chipmaker Beats Estimates, Rewards Shareholders After Wednesday's close, Nvidia rep...
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