Commodities lift TSX, Wall Street flat
Tuesday saw oil, minerals and other commodities lift the TSX by 0.55%. Sectors were mixed, but energy, financials and materials rallied while consumer discretionary and staples lagged.
Suncor was the most-traded stock, adding 1.6%. Barrick Gold jumped 4.16%, Cenovus 2.51%, Tilray -5.63% and Mullen Group -4.49% as some of the major movers. WTI crude rose 1.2% to $76 a barrel.
Wall Street saw modest gains. The Nasdaq and S&P added a handful of points and were essentially flat, though the Dow advanced 0.28%. Gaining were Moderna by nearly 6%, and oil names such as Schlumberger by 3.87%. However, Warner Bros. Discovery closed -2.35%, UPS -2.69% and Tesla sank another 8.05% a day after Twitter users voted Elon Musk to find someone to replace him as that platform’s CEO. Meanwhile, the U.S. 10-year yield inched up 3.68% while Bitcoin leapt 2.68% to nearly $17,000.
🛢 Suncor Energy Inc (SU-T) +1.6%
🥇 Barrick Gold (ABX-T) +4.16%
🛢 Cenovus Energy (CVE-T) +2.51%
🌿 Tilray Inc. (TLRY-Q) -5.63%
🚚 Mullen Group Ltd (MTL-T) -4.49%
💉 Moderna (MRNA-Q) +6%
🛢 Schlumberger Ltd. (SLB-N) +3.87%
📺 Warner Bros. Discovery (WBD-Q) -2.35%
📦 United Parcel Services (UPS-N) -2.69%
🚗 Tesla Motors Inc (TSLA-Q) -8.05%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.68%
