Sell-off resumes, gold shines

Allan Tong Posted On March 18, 2025

Markets in Toronto and New York resumed selling off on Tuesday, as the S&P closed -1.07%, the Dow -0.62% and the Nasdaq -1.71% or more than 300 points.

Once more, tech led the way down with Tesla skidding 5.34%, Nvidia falling 3.43% and Palantir fading 3.96%. In contrast, Discover Financial ralled 3.82% and Viatris 2.92%. Trump’s tariffs and fears over inflation and even a recession keep driving market uncertainty and the price of gold which rose US$34 to a record US$3,034. Elsewhere, Bitcoin lost US$1,925 to US$82,000.

The TSX performed better than its American counterparts, shedding 0.36% in mixed trading. Healthcare led, but tech saw a pronounced sell-off. Major movers: Celestica -4.51%, Aya Silver & Gold 9.85%, ERO Copper 4.03% and Fortuna Mining 3.54%. RioCan REIT sank 3.01% as its key tenant, The Bay, sadly endures bankruptcy. In commodities, WTI declined 1.1% to US$66.80.

🚗 Tesla Inc (TSLA-Q) -5.34%

💾 NVIDIA Corporation (NVDA-Q) -3.43%

💾 Palantir Technologies (PLTR-Q) -3.96%

🏛 Discover Financial Services LLC (DFS-N) +3.82%

👨‍⚕️ Viatris (VTRS-Q) +2.92%

🧬 Celestica Inc (CLS-T) -4.51%

🥇 Aya Gold & Silver (AYA-T) +9.85%

🥉 Ero Copper Corp (ERO-N) +4.03%

🥈 Fortuna Silver Mines (FVI-T) +3.54%

🏛 RioCan Real Estate Investment (REI.UN-T) -3.01%