Stocks flat, but Wall Street maintains highs
Thursday’s session was lazing in the summer sun as trading barely reached half of normal volumes. Despite that, the S&P and Nasdaq hovered near all-time highs reached the day before. The two indices were basically flat, while the Dow advanced 0.2%.
Among the big movers were Illumina up 7.42%, PayPal 5.49%, Lululemon 4.79%, Dollar General -3.64% and Nvidia -1.18%. The U.S. 10-year yield continued to sink as it fell to 4.285%. Bitcoin gave back 0.8% to trade around $70,500.
The TSX performed a little better by rising 0.38%. Worries over possible OPEC production cuts lifted WTI by 2% to $75.50. Besides energy, materials enjoyed strong gains while real estate led the laggards. The sectors were mixed. Major movers: Transcontinental jumped 8.84%, Suncor 1.47%, Celestica -6.95% and Canada Goose -3.68%. A day after the Bank of Canada cut interest rates, the ECB followed suit also by 25 basis points.
🧫 Illumina Inc. (ILMN-Q) +7.42%
💳 PayPal Holdings Inc. (PYPL-Q) +5.49%
🛍 LuLulemon Athletica (US) (LULU-Q) +4.79%
🛒 Dollar General Corp. (DG-N) -3.64%
💻 NVIDIA Corporation (NVDA-Q) -1.18%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.8%
🖨 Transcontinental Inc. (A) (TCL.A-T) +8.84%
🛢 Suncor Energy Inc (SU-T) +1.47%
🧬 Celestica Inc (CLS-T) -6.95%
🧣 Canada Goose Holdings (GOOS-T) -3.68%