TSX fades, tech climbs
The trading week began with the TSX drifting down 0.47% or by 171 points. Nine sectors led by staples, telcos and materials lost ground while healthcare was among the two sectors that enjoyed any gains. Materials continued to sink: silver down 1.45% to US$58.20 and gold slipping US$75 to US$70.55. After the U.S. and Iran traded strikes over the weekend, WTI rose nearly 2% Monday to US$70.55, though both sides have since vowed to cease hostilities. Major movers on Bay Street: BlackBerry jumped 9.98%, Telus -2.48%, TC Energy -1.57%, Brookfield Business Partners -5.61% and MDA Space up 6.99%.
In contrast, tech led Wall Street higher after the Nasdaq rallied 2.1%, the S&P 1.17% and the Dow 0.59%. Corning soared 15.72%, Comcast 4.52% and Western Digital 11.16%, though Super Micro Computer sank 8.1% and Honeywell declined 6.41%. The U.S. 10-year yield held around 4.374% while Bitcoin gained 1.25% to US$60,330.
📱 BlackBerry (BB.TO) +9.98%
📱 Telus Corp (T.TO) -2.48%
🛢 TC Energy (TRP.TO) -1.57%
🏛 Brookfield Business Partners LP (BBU.UN.TO) -5.61%
🧬 MDA Space Ltd. (MDA.TO) +6.99%
🧬 Corning Inc (GLW) +15.72%
📡 Comcast Corp (CMCSA) +4.52%
💾 Western Digital (WDC) +11.16%
💾 Super Micro Computer (SMCI) -8.1%
🧬 Honeywell International (HON) -6.41%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1.25%
