Monday slump
Despite climbing to all-time highs early in the session, the TSX finished in the red Monday along with its Wall Street peers. The Canadian index finished the day -0.26% as sectors were mixed. A strong performance in materials and healthcare nearly offset losses in utilities and tech.
Major movers for the day: BlackBerry soared 13.39%, Enbridge -1.64%, embattled TD gained 1.51%, Bird Construction -7.12% and Capital Power -6.26%. Gold added US$26 to US$2,659 while WTI jumped 1.35% to US US$68.10 following the surprise exit of the Assad regime from Syria over the weekend.
In New York, the S&P closed -0.61%, the Nasdaq -0.62% and the Dow -0.54%. Once more, Nvidia was the most active name but it finished the session -2.55%, followed by Palantir at -5.08%, Hershey leapt 10.85% after a report that Mondelez would take it over, Enphase Energy 6.75% and Comcast -9.5%. While the U.S. 10-year yield held just below 4.2%, Bitcoin continued to slip from last week’s six-digit peak to trade around US$96,800 or a 3.3% decline. Canadian investors will keep their eyes on the Bank of Canada this week; the BOC is expected to cut key interest rates by 50 basis points.
📱 BlackBerry (BB-T) +13.39%
🛢 Enbridge (ENB-T) -1.64%
🏛 Toronto Dominion (TD-T) +1.51%
🧱 Bird Construction Income Fund (BDT-T) -7.12%
💡 Capital Power (CPX-T) -6.26%
💾 NVIDIA Corporation (NVDA-Q) -2.55%
💾 Palantir Technologies (PLTR-N) -5.08%
🍫 Hershey Foods Corp (HSY-N) +10.85%
🧬 Enphase Energy (ENPH-Q) +6.75%
📡 Comcast Corp (CMCSA-Q) -9.5%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -3.3%