Stocks fade, minerals rally and slide
Markets extended losses Wednesday as all the major indices lost ground. The S&P closed -0.28%, the Nasdaq -0.33%, the Dow -0.37% and the TSX -0.2%. In Toronto, sectors were mixed as energy and healthcare led while real estate and materials lagged. Making headlines was Lithium Americas, which rocketed 97.87% after Washington announced it would take a stake in the company. Also, in this space, Capstone Copper soared 11.25%, but Lundin Gold plunged 5.05%. Elsewhere, Celestica slid 6.19% but CNQ rose 2.5%. Gold itself slipped US$31 to US$3,732 though WTI regained 2.25% to US$64.85.
On Wall Street, Freeport McMoRan tanked 16.95% after cutting its forecast, Intel rallied 6.41%, Tesla 3.98%, KKR sank 6.32% and Apollo Global faded 5.34%. Bitcoin climbed 1.45% to US$113,625. The U.S. 10-year yield inched up to 4.149%.
⛏ Lithium Americas Corp (LAC-T) +97.87%
🥉 Capstone Copper Corp (CS-T) +11.25%
🥇 Lundin Gold Inc. (LUG-T) -5.05%
🧬 Celestica Inc (CLS-T) -6.19%
🛢 Canadian Natural Rsrcs (CNQ-T) +2.5%
⛏ Freeport McMoran Copper & Gold (FCX-N) -16.95%
💾 Intel (INTC-Q) +6.41%
🚗 Tesla Inc (TSLA-Q) +3.98%
🏛 KKR & Co. LP (KKR-N) -6.32%
🏛 Apollo Global Management (APO-N) -5.34%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.45%
