Markets shrug off Washington shutdown
Tuesday markets wobbled, but managed to close in the positive as North American markets face a likely U.S. government shutdown. The Dow crept 0.18% higher to make a record close while the S&P added 0.41% and the Nasdaq 0.3%. Health stocks enjoyed a banner day as Pfizer rallied 6.93%, Merck 6.81% and Danaher 6.56%. Semis were mixed after Nvidia rose 2.6% to a new high and Intel sank 2.7%. The U.S. 10-year yield held around 4.154% and similarly Bitcoin hovered around US$114,355.
Once more, the TSX outshone its U.S. peers, adding 50 points to close at a new high of 30,022. Six sectors were in the green, led by industrials and materials which managed to balanced outsized losses in healthcare and weakness in energy. Major movers: Stella-Jones 4.1%, Cenovus -1.75%, Novagold Resources 4.06% and New Gold 3.42%. Curaleaf gave back some of its massive gains from the previous session, down 13.93%. Gold outshone as it climbed US$26 to US$3,858 to extend its record run. Overall, the market defied historic bearishness and closed higher in September.
💉 Pfizer Inc (PFE-N) +6.93%
💊 Merck & Company (MRK-N) +6.81%
👨⚕️ Danaher Corp. (DHR-N) +6.56%
💾 NVIDIA Corporation (NVDA-Q) 2.6%
💾 Intel (INTC-Q) -2.7%
🌳 Stella-Jones Inc. (SJ-T) +4.1%
🛢 Cenovus Energy (CVE-T) -1.75%
🥇 NovaGold Resources Inc (NG-T) +4.06%
🥇 New Gold Inc. (NGD-T) +3.42%
🌿 Curaleaf Holdings Inc (CURA-T) -13.93%
