Mild gains and losses

Allan Tong Posted On August 27, 2024

Tuesday saw little direction in markets with the S&P and Nasdaq climbing by 0.15% and the Dow barely moving, while the TSX surrendered 0.33%, largely from weakness in energy.

Once more, Nvidia saw the most action, this time adding 1.5% as the investing world awaits its earnings late Wednesday. Other major movers: Tesla -1.59%, Walgreens -9.39%, Paramount Global -6.93% and ResMed 6.97%. Bitcoin sank 1.3% to fall below US$63,000. The U.S. 10-year yield held around 3.837%.

Bay Street digested bank earnings which were very mixed. BMO reported a loss and slid 6.45% as BNS beat and rallied 2.47%. Meanwhile, CNQ declined 1.57%, H&R REIT rallied 2.45% as real estate continues to gain traction amid rising interest rates, and MDA gained 4.53%. Gold gave back US$6 to US$2,524 as WTI sank 2.25% to US$75.70 a barrel.

💾 NVIDIA Corporation (NVDA-Q) +1.5%

🚗 Tesla Inc (TSLA-Q) -1.59%

🚚 Walgreen Boots Alliance (WBA-Q) -9.39%

📺 Paramount Global (PARA-Q) -6.93%

👨‍⚕️ ResMed Inc. (RMD-N) +6.97%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.3%

🏛 Bank of Montreal (BMO-T) -6.45%

🏛 Bank of Nova Scotia (BNS-T) +2.47%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.57%

🏛 H&R Real Estate Inv Trust (HR.UN-T) +2.45%

🧬 MDA Ltd. (MDA-T) +4.53%