Grinch extends sell-off
Markets extended last Friday’s losses, amid light holiday volumes. Though Wall Street climbed higher from this morning’s weakness, the S&P and Dow still finished nearly 1% lower while the Nasdaq closed -1.1%.
Once again, Nvidia was the most active name, but outperformed most peers by climbing 1.1%. Other major movers were Palantir at -1.81%, Tesla -2.66%, Super Micro Computer -3.8% and Boeing -2.31% following South Korea’s deadliest plane crash over the weekend. Meanwhile, Bitcoin advanced 0.9% to US$94,140 while the U.S. 10-year yield fell to 4.545%.
Canadian equities fared better on Monday as the TSX declined 0.6% or nearly 150 points. Only energy enjoyed any gains while healthcare, materials and tech led the remaining sectors down. Winners on Bay Street included Birchcliff Energy up 5.56% and Tourmaline Oil at 4.51%. Losers included MAG Silver at -4.02%, Pan American Silver -3.44% and Equinox -3.38%. WTI crude inched 0.8% higher to US$71.20 as gold slipped US$13 to US$2,607.
Over the weekend, former U.S. President (1977-81), Jimmy Carter, passed away at the age of 100. In his honour, the NYSE held a moment of silence during Monday’s session and will close on January 9.
💾 NVIDIA Corporation (NVDA-Q) +1.1%
💾 Palantir Technologies (PLTR-N) -1.81%
🚗 Tesla Inc (TSLA-Q) -2.66%
💾 Super Micro Computer (SMCI-Q) -3.8%
✈ Boeing (BA-N) -2.31%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.9%
🛢 Birchcliff Energy Ltd. (BIR-T) +5.56%
🛢 Tourmaline Oil Corp (TOU-T) +4.51%
🥈 Mag Silver Corp (MAG-T) -4.02%
⛏ Pan American Silver (PAAS-T) -3.44%
🥇 Equinox Gold (EQX-T) -3.88%
