Higher oil, mixed earnings, choppy markets
The major indices finished in the red on Thursday in a choppy session. Though the TSX and Nasdaq were essentially flat after shedding a handful of points, the S&P slipped 0.18% and the Dow fell 0.85% as earnings were mixed and uncertainty in the U.S.-Iran war pushed the price of oil higher. WTI jumped 3.6% to nearly US$78.
Several American stocks cratered on earnings: Honeywell Aerospace -23.16%. Trade Desk -6.8%, and AppLovin -19.66%. Meanwhile, the memory sell-off continued with Western Digital tanking 13.03%. In contrast, AT&T rallied 2.82%.
In Toronto, BCE jumped 3.27% on the strength of recent World Cup broadcasting revenues, and Equinox Gold shone 4%, but Celestica slid 12.96%, Premium Brands tumbled 14.29% and ATS plunged 27%. Telcos were the strongest sector, while eight others fell, including discretionary, real estate and tech.
Elsewhere, Bitcoin gave back US$350 to US$64,435, silver declined 50 cents to US$61.40, and gold fell US$5 to US$4,241. However, the U.S. 10-year climbed to 4.674% over inflation jitters and higher oil prices.
🧬 Honeywell Aerospace (HONA) -23.16%
💾 Trade Desk (TTD) -6.8%
💾 AppLovin Corporation (APP) -19.66%
💾 Western Digital (WDC) -13.03%
📱 AT&T (T) +2.82%
📱 BCE Inc. (BCE.TO) +3.27%
🥇 Equinox Gold (EQX.TO) +4%
🧬 Celestica Inc (CLS.TO) -12.96%
🚚 Premium Brands Holdings Corp (PBH.TO) -14.29%
⚙ ATS Automation Tooling Systems (ATS.TO) -27%
