Climbing oil, falling stocks
Markets in New York and Toronto skidded on Tuesday as the price of oil continued to creep towards $100 and the trade war between the U.S. and Canada weighed on investors. The S&P closed -0.58%, the Nasdaq -0.32% and the Dow -1.18% while the U.S. 10-year yield edged up to 4.788% on inflation fears. WTI leapt nearly 3% to over US$94 a barrel. Key names on Wall Street: Nvidia -2.01%, Intel 9.05%, PG&E 3.64%, Tesla 3.98% and Amgen -10.08%. Bitcoin slipped nearly 1% to US$78,530.
The TSX slid over 1% and nearly 400 points as tech, discretionary and real estate led nine sectors down. Energy was unsurprisingly the best performer. Tamarack Valley Energy rallied 3.29%, Ivanhoe Mines 12.82%. Manulife -2.48%, Shopify -7.84% and Thomson Reuters -6.84%. Silver declined -0.6% to US$65.70 and gold slipped 1% to US$4,360.
💾 NVIDIA Corporation (NVDA) -2.01%
💾 Intel (INTC) +9.05%
💡 PG&E Corp (PCG) +3.64%
🚗 Tesla Inc (TSLA) +3.98%
🧫 Amgen Inc. (AMGN) -10.08%
🅱 Bitcoin (BTCUSD) (BTC-USD) -1%
🛢Tamarack Valley Energy (TVE.TO) +3.29%
⛏ Ivanhoe Mines Ltd (IVN.TO) +12.82%
🏛 Manulife Financial (MFC.TO) -2.48%
🛍 Shopify Inc. (SHOP.TO) -7.84%
🖨 Thomson Reuters Corp (TRI.TO) -6.84%
