Markets mixed after slide
A day after the market sell-off, stocks stabilized to some degree and closed mixed on Wednesday. On Wall Street, trending up were the S&P by 0.16% and the Dow at 0.26% while tech continued to decline (albeit less dramatically) as the Nasdaq closed -0.24%. Healthcare and consumer names rallied, while financials, industrials and tech were mixed.
Advancing were Boeing by over 3%, Merck by 2.55%, Dollar Tree which soared 16.49% and Wells Fargo by 2.44%. Slipping were Applied Materials at -3.48%, Micron at -2% and Etsy at -3.32%. As noted, tech extended its declined but Apple did recover 0.65%. Meanwhile, the U.S. 10-year yield continued to climb up to 1.53%.
The TSX closed down nearly 15 points or 0.07%. Energy and staples rallied while tech slid yet again. Notable winners included Cenovus popping 2.31%, Vermilion Energy jumping 9.56% and Weston up 6.36%. In contrast, Lightspeed tanked by 11.74% while Yamana Gold fell 3.54%. Oil was also mixed with WTI retreating nearly 1% to fall below $75 per barrel, but WCS added nearly 1% to top $63. Gold held steady while Bitcoin lost 1% and traded around $41,100.
🛫 Boeing +3%
💊 Merck & Company +2.55%
🛍 Dollar Tree +16.49%
🏛 Wells Fargo +2.44%
🧱 Applied Materials -3.48%
💾 Micron Technology -2%
🛍 Etsy Inc. -3.32%
🍎 Apple +0.65%
🛢 Cenovus Energy +2.31%
🛢 Vermilion Energy Inc +9.56%
🥫 George Weston Ltd. +6.36%
💾 Lightspeed Commerce Inc -11.74%
🥇 Yamana Gold Inc. -3.54%
🅱 The Bitcoin Fund -1%
