Mixed Tuesday

Allan Tong Posted On January 14, 2025

Markets in Toronto and New York ended their losing streaks, but also failed to rebound. The S&P was flat, gaining six points, the Dow advanced 0.52%, the Nasdaq -0.23% and the TSX 0.14% in mixed trading. On Bay Street, materials led the way up, but were balanced by losses in staples and telcos.

Major movers on the TSX were Enbridge, up 1.23%, BCE -2.97% after a downgrade, Cogeco -5.93%, Fortuna Silver Mines 7.38% and SilverCrest Metals 6.83%. Gold climbed US$13 to US$2,676 while WTI gave back a dollar to US$77.80.

The U.S. 10-year yield stalled beneath 4.8% as Bitcoin popped 2.5% to US$96,550. Key names on Wall Street included Tesla at -1.72%, Vistra 5.17%, Charles River Laboratories -6.34%, United Rentals 5.91% and Eli Lilly -6.59% after cutting revenue guidance. Investors are looking forward to U.S. bank earnings tomorrow.

🛢 Enbridge (ENB-T) +1.23%

📱 BCE Inc. (BCE-T) -2.97%

📡 Cogeco Communications (CCA-T) -5.93%

⛏ Fortuna Silver Mines (FVI-T) +7.38%

🥈 SilverCrest Metals Inc (SIL-T) +6.83%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.5%

🚗 Tesla Inc (TSLA-Q) -1.72%

💡 Vistra (VST-N) +5.17%

💊 Charles River Labs Intl (CRL-N) -6.34%

🏛 United Rentals (URI-N) +5.91%

🧫 Eli Lilly & Co. (LLY-N) -6.59%