Gold and crypto shine, stocks mixed
On Tuesday, gold made a new high after adding US$31 to US$2,773 while Bitcoin popped 4% to US$72,370. Stocks, however, were mixed, with the TSX flat. Materials outperformed all other sectors on Bay Street, but most areas lagged, led by utilities and telcos. Big gainers: Eldorado Gold up 5.42%, Lundin Mining 4.23% and the Bank of Nova Scotia 0.82%. Losing ground were Innergex Renewables at -4.32% and Brookfield Renewable Partners -4.1%. WTI held steady, up a modest 0.12% to US$67.50.
Amid earnings season, Wall Street’s main indices were decidedly varied: the S&P up 0.16%, the Nasdaq 0.78% to a record high, but the Dow -0.36%. The U.S. 10-year yield barely moved around 4.256%. Major names: Ford -8.44%, Keurig Dr. Pepper -2.89%, Stanley Black & Decker -8.77%, DR Horton -7.24% and AMD up 3.96%. Megatech earnings began with AMD reporting a beat after the bell with shares jumping 6% after hours.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +4%
🥇 Eldorado Gold (ELD-T) +5.42%
⛏ Lundin Mining Corp. (LUN-T) +4.23%
🏛 Bank of Nova Scotia (BNS-T) +0.82%
♻ Innergex Renewable Energy (INE-T) -4.32%
♻ Brookfield Renewable Energy (BEP.UN-T) -4.1%
🚘 Ford Motor (F-N) -8.44%
🥤 Keurig Dr Pepper (KDP-Q) -2.89%
🔌 Stanley Black and Decker (SWK-N) -8.77%
🧱 D R Horton Inc. (DHI-N) -7.24%
💾 Advanced Micro Devices (AMD-Q) +3.96%