Commodities, stocks sink
Materials and oil continued to fall on Wednesday after WTI sank 4.4% to US$69.99, gold lost 2.86% to US$3,999 and silver tumbled 6.75% to US$57.50. Energy was the worst performer on the TSX as tech and staples fell short in propping up the Canadian index. The TSX shed nearly 30 points or 0.86%. Key movers: Shopify up 6.12%, Boyd Group 5.81%, CNQ -3.69%, Whitecap Resources -4.59% and Suncor -3.4%.
In New York, the S&P closed -0.1%, the Nasdaq -0.43% and the Dow up 0.36%. Tech continued to lose ground with Microsoft, for example, slipping 2.27%. Meanwhile, Charles River Labs rallied 8.31% while Apollo Global Management finished -6.13%, Blackstone -5.9% and Robinhood -5.87% The U.S. 10-year yield fell to 4.404%. Bitcoin slid 2.7% to US$60,725.
🛍 Shopify Inc. (SHOP.TO) +6.12%
🚗 Boyd Group Services Inc. (BYD.TO) +5.81%
🛢 Canadian Natural Rsrcs (CNQ.TO) -3.69%
🛢 Whitecap Resources (WCP.TO) -4.59%
🛢 Suncor Energy Inc (SU.TO) -3.4%
Ⓜ Microsoft Corp (MSFT) -2.27%
🧫 Charles River Labs Intl (CRL) +8.31%
🏛 Apollo Global Management (APO) -6.13%
🏛 Blackstone Group LP (BX) -5.9%
🏛 Robinhood (HOOD) -5.87%
🅱 Bitcoin (BTCUSD) (BTC-USD) -2.7%
