Banks drag down TSX
On Wednesday, the first bank reports dragged down the TSX, which closed more than 1% lower and fell below 20,000. BMO reported a serious miss and sank 3.91%. Financials as well as materials and industrials led most sectors down with consumers staples being the only sector enjoying any real gains.
On Wall Street, ongoing squabbling in Washington to resolve the lingering debt ceiling crisis continued to wear on American markets. The S&P finished -0.73%, the Nasdaq -0.61%, and the Dow -0.77% to tumble below 32,800. All sectors except energy finished int he red as WTI spiked 1.3% to nearly $74 a barrel. Notable movers were Analog Devices sinking 7.83% after reporting a miss, Palo Alto surging 7.68% after a strong beat, Intuit falling 7.53%, and Netflix gaining 2.47%. Nvidia reported after the bell and shares soared after hours. The U.S. 10-year yield was 3.734%, and Bitcoin slid 3.5% to $26,200.
🏛 Manulife Financial (MFC-T) -2.23%
🛍 Shopify Inc. (SHOP-T) +1.79%
💾 Dye & Durham (DND-T) -8.11%
💾 Analog Devices (ADI-Q) -7.83%
💾 Palo Alto Networks (PANW-N) +7.68%
💻 Intuit Inc. (INTU-Q) -7.53%
📺 Netflix Inc. (NFLX-Q) +2.47%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -3.5%