Nasdaq hits high as yields rise

The U.S. 10-year yield continued to make new 52-week highs, touching 5.311% on Monday, but that didn’t stop the Nasdaq from making a record close of 24,480 after rallying 1.06%. Meanwhile, the S&P climbed 0.66%, the Dow 0.18% and the TSX remained flat, adding 15 points. Also flat was Bitcoin at US$85,800, gold at US$4,140 though silver added more than 1% to US$61. WTI sank 2% to US$89.35.

Only two sectors, mostly tech, rallied on the TSX while telcos and healthcare led the other areas down. Major movers: Athabasca Oil 13.52%, Shopify 5.7%, Cenovus -3.01%, Allied Properties REIT -8.21% and Kelt Exploration 3.85%. In New York: Corteva 3.94%, Intel -2.63%, and healthcare stalwarts Charles River Labs 7.09% and Moderna 6.34%.

🛢 Athabasca Oil Sands Corp (ATH.TO) +13.52%

🛍 Shopify Inc. (SHOP.TO) +5.7%

🛢 Cenovus Energy (CVE.TO) -3.01%

🏛 Allied Properties REIT (AP.UN.TO) -8.21%

🛢 Kelt Exploration (KEL.TO) +3.85%

🌿 Corteva Inc. (CTVA) +3.94%

💾 Intel (INTC) -2.63%

🧫 Charles River Labs Intl (CRL) +7.09%

💉 Moderna (MRNA) +6.34%