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Choppy stocks, oil down

Allan Tong Posted On March 23, 2023
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market comment after the close

Thursday markets were well into the green for much of the day before falling towards the end. They finished mix with the TSX shedding 0.37% as energy sank, though tech thrived.

Major movers were Cenovus at -5.17%, ECN Capital -16.67%, Capstone Copper -7.64%, though Hut 8 Mining surged 8.26% and Torex Gold added 5.69%. WTO slid 2.25% to $69 a barrel as WCS shed 1.4% to $54.50.

Wall Street was more mixed though the major indices managed to finish positive: the S&P 0.3%, the Nasdaq 1.29%, and the Dow 0.23%. Bank of American closed -2.42% as the U.S. banking crisis continues to unwind, Comerica -8.58%, but tech rallied convincingly with Netflix popping 9.01%. Block plunged 14.82% after a damning short-seller report. The U.S. 10-year yield held around 3.39% while Bitcoin rallied another 3% past $28,000.

🛢 Cenovus Energy (CVE-T) -5.17%
🏛 ECN Capital (ECN-T) -16.67%
⛏ Capstone Copper Corp (CS-T) -7.64%
💾 Hut 8 Mining Corp. (HUT-T) +8.26%
🥇 Torex Gold Resources (TXG-T) +5.69%
🏛 Bank of America (BAC-N) -2.42%
🏛 Comerica Inc (CMA-N) -8.58%
📺 Netflix Inc. (NFLX-Q) +9.01%
💾 Block Inc (SQ-N) -14.82%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3%

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