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Spreadsheet
As Russia was hammered by several new economic sanctions, stocks lacked direction and closed mixed on Monday, though off the session’s lows. The S&P finished -0.26%, the Nasdaq 0.41% after dipping in and out of the red, and the Dow -0.53%. The U.S. 10-year yield slid 7% to 1.828% though Bitcoin soared 10.5% to $41,700. Industrials and energy showed strength while financials and staples lagged.
Notable gainers included: Marathon Oil up 3.11%, Pioneer Natural Resources 4.47%, Lockheed Martin 5.82%, L3Harris Technologies 7.85% and Fortinet up 6.08%. Laggards included travel names like Booking Holdings at -4.85%, Carnival -3.65%, and banks such as Goldman Sachs at -2.68% and JPMorgan -4.28%.
The spike in oil prices benefited the TSX more as WCS jumped 5% to nearly $84 a barrel and WTI up 4.5% to encircle $96. The market is deeply worried about energy disruption because of the Russian invasion. The TSX added 20 points, also in a choppy session. Suncor advanced 2.43% in heavy volumes, while Cenovus rallied 2.57% and Crescent Point Energy leapt 3.66%. Elsewhere, Nutrien rose 5.66%, Northland Power 5.77% and Cameco 7.63%. Losing ground were Kinross Gold down 10.10%, Maple Leaf Foods falling 4.71% and Tricon Residential slipping 3.38%. Amid the turmoil, gold climbed above $1,900 an ounce.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +10.5%
🛢 Marathon Oil (MRO-N) +3.11%
🛢 Pioneer Natural Resources (PXD-N) +4.47%
🚚 Lockheed Martin (LMT-N) +5.82%
💻 L3Harris Technologies (LHX-N) +7.85%
💾 Fortinet Inc (FTNT-Q) +6.08%
🧳 Booking Holdings Inc. (BKNG-Q) -4.85%
🚢 Carnival Corp. (CCL-N) -3.65%
🏛 Goldman Sachs (GS-N) -2.68%
🏛 JP Morgan Chase & Co (JPM-N) -4.28%
🛢 Suncor Energy Inc (SU-T) +2.43%
🛢 Cenovus Energy (CVE-T) +2.57%
🛢 Crescent Point Energy Corp (CPG-T) +3.66%
🌿 Nutrien Ltd. (NTR-T) +5.66%
🌲 Northland Power Inc (NPI-T) +5.77%
⛏ Cameco Corporation (CCO-T) +7.63%
🥇 Kinross Gold (K-T) -10.10%
🍯 Maple Leaf Foods (MFI-T) -4.71%
🏠 Tricon Capital Group (TCN-T) -3.38%
