Flat Thursday, oil sinks
The S&P and Dow made intraday, 52-week highs, but fell short of establishing new closing highs. Amid typically light volumes, both indices closed flat while the Dow added 0.13%.
Trading the most hands again was Tesla which sank 3%, while AMD closed 1.93% higher, Match Group 2.61% and Hess -2.48%. Likewise, there was little movement in the U.S. 10-year yield which hovered around 3.846%. Meanwhile, Bitcoin sank 2% to $42,600.
In contrast, the TSX declined 0.38% to close below 21,000. A big factor was the price of crude oil. Disruption in the Red Sea is clearing up, so WTI prices sank 3% to below $72 a barrel. Materials also weighed on the TSX, though consumer staples rallies. Canadian sectors were mixed for the day. Notable names were Tilray which soared 7.09%, Bausch Health up 3.71%, TC Energy -2.96%, Canada Goose up 2.15% and Energy Fuels at -7.06%.
Tomorrow will be the last trading day of 2023. Will Santa Claus stick around?
🚗 Tesla Inc (TSLA-Q) -3%
💾 Advanced Micro Devices (AMD-Q) +1.93%
💾 Match Group (MTCH-Q) +2.61%
🛢 Hess Corp. (HES-N) -2.48%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2%
🌿 Tilray Inc. (TLRY-Q) +7.09%
👨⚕️ Bausch Health Companies Inc. (BHC-T) +3.71%
🛢 TC Energy (TRP-T) -2.96%
🧣 Canada Goose Holdings (GOOS-T) +2.15%
🛢 Energy Fuels Inc. (EFR-T) -7.06%
