Paramount Gold Nevada Corp. shares rise 2.62% intraday as Wall Street indexes hit record highs.

Paramount Gold Nevada Corp. rose 2.62% in intraday trading, with Wall Street's main indexes hitting record highs, lifted by gains in Tesla and Micron Technology. The U.S. inflation and jobless data fed market expectations that the Federal Reserve will cut interest rates this month, which could positively impact the stock market.