Grinch spoils Santa rally
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The TSX reopened on Friday as the NYSE was already back in business. Both markets sank. Tech led the decline as the Nasdaq tumbled 300 points or 1.49%, the S&P fell below 6,000 after shedding 1.11% and the Dow slipped 0.77%.
Once more, Nvidia was the most-influential name, closing -2.06%, followed by Tesla at -5.02%. Other major movers were Lamb Weston, rallying 2.67%, Palantir at -3.68% and Vistra -3.73%. Gold declined US$17 to US$2,616 while WTI climbed 0.8% to US$70.20. The U.S. 10-year yield continued to inch higher, up to 4.627%.
The Canadian index fared a little better, slipping 0.2% or 50 points, to settle below 24,800. Only three sectors gained, however, including healthcare, while tech and industrial led the others down. Major movers: Onex 2.89%, CAE 2.21%, CIBC -2.03%, ATS -3.31% and Granite REIT -2.22%.
💾 NVIDIA Corporation (NVDA-Q) -2.06%
🚗 Tesla Inc (TSLA-Q) -5.02%
🍭 Lamb Weston (LW-N) +2.67%
💾 Palantir Technologies (PLTR-N) -3.68%
💡 Vistra (VST-N) -3.73%
🏛 Onex Corp (ONEX-T) +2.89%
✈ CAE Inc (CAE-T) +2.21%
🏛 Canadian Imperial Bank of Commerce (CM-T) -2.03%
⚙ ATS Automation Tooling Systems (ATS-T) -3.31%
🏛 Granite REIT (GRT.UN-T) -2.22%