Stocks fade, cryptos surge

Stocks lost momentum on Monday, led by tech, giving back some ground after reaching recent highs, particular on Wall Street. On Monday, the S&P closed -0.54% higher, the Nasdaq -0.84% and the Dow -0.11%.

Though the U.S. 10-year yield held around 4.259%, tech names like Intel sank 3.18% and Alphabet shed nearly 2%. Elsewhere, Bath & Body Works jumped 8.88% and American Airlines rose 2.53%. Cryptos continued to rally as Bitcoin surged nearly 5% to $42,000 at one point in the session.

The TSX sectors were mixed with staples, real estate and telcos rising, but materials and energy falling. Nuvei struck a deal with Microsoft with the former soaring 6.34% and the latter actually sinking 1.43%. Tilray popped 7.39%, CNQ closed -1.43% and Cenovus -2.8% among the more heavily traded names. WTI declined around 1% to $73.50.

💾 Intel (INTC-Q) -3.18%

🧮 Alphabet Inc (GOOG-Q) -2%

🛍 Bath & Body Works (BBWI-N) +8.88%

🛫 American Airlines Group (AAL-Q) +2.53%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +5%

💾 Nuvei Corp (NVEI-T) +6.34%

Ⓜ Microsoft Corp (MSFT-Q) -1.43%

🌿 Tilray Inc. (TLRY-Q) +7.39%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.43%

🛢 Cenovus Energy (CVE-T) -2.8%