Oil jumps, stocks flat
While the U.S. 10-year remained at a high of 5.239%, the price of oil surged again as the U.S.-Iran war continued to rage, possibly escalating. WTI jumped nearly 3% to US$93 to lift oil stocks, such as CNQ by 1.69%. Energy and tech outperformed in Toronto, but eight sectors lost ground, led by materials and industrials. The TSX shed 0.23%. Key names included Telus -2.68%, Saputo -4.75%, West Fraser Timber -3.55% and Enerflex 11.89%. Gold inched up US$20 to US$4,178 and silver gained nearly 1% to US$60.85.
Wall Street performed slightly better as the S%P rose 0.19% but the Nasdaq and Dow were basically flat after gaining a handful of points. Major movers: Synopsys 12.78%, Netflix -2.49%, Accenture 15.78% after a strong quarter, Paramount Skydance -9.58% after its Warners merger was approved and Corteva tumbled 83.81% after facing a fresh lawsuit. Meanwhile, Bitcoin climbed 1.4% to US$84,805.
🛢 Canadian Natural Rsrcs (CNQ.TO) +1.69%
📱 Telus Corp (T.TO) -2.68%
🥩 Saputo Inc. (SAP.TO) -4.75%
🌲 West Fraser Timber (WFG.TO) -3.55%
⚙ Enerflex Ltd (EFX.TO) +11.89%
💾 Synopsys Inc (SNPS) +12.78%
📺 Netflix Inc. (NFLX) -2.49%
📃 Accenture Ltd. (ACN) +15.78%
🎞 Paramount Skydance Corporation (PSKY) -9.58%
🌿 Corteva Inc. (CTVA) -83.81%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1.4%
