Lacklustre stocks, cryptos gain
Markets straddled break-even on Monday and closed modestly higher to start the trading week after Easter. Investors are eyeballing with caution or nervousness Wednesday’s American consumer inflation read. The S&P closed 0.1%, the Nasdaq -0.03%, and the Dow 0.3%.
Apple made headlines by announcing a surprise decline in computer sales and shares declined 1.6%, though off the day’s lows. In contrast, semi-makers rallied, such as Micron up 8.04% and AMD by 3.26%. Meanwhile Schwab rebounded 4.8% after recent selling, and Ford gained 3.16%. The U.S. 10-year yield clocked in at 3.421% as Bitcoin surged 3.76% past $29,000.
TSX rose 0.41% as it went to pot. Telcos, industrials and cannabis stocks led the gains with Tilray buying Hexo. Details were announced at the closing bell, but Tilray shares popped 6.27% during the session as Organigram soared 14.63%. The surge in cryptos helped lift Hut 8 Mining by 11.11%. Elsewhere, Nutrien rose 4.84% while New Gold sank 5.09% among many miners.
🍎 Apple Inc (AAPL-Q) -1.6%
💾 Micron Technology (MU-Q) +8.04%
💾 Advanced Micro Devices (AMD-Q) +3.26%
🏛 Charles Schwab Corp (SCHW-N) +4.8%
🚘 Ford Motor (F-N) +3.16%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.76%
🌿 Tilray Inc. (TLRY-Q) +6.27%
🌿 OrganiGram Holdings Inc. (OGI-T) +14.63%
💾 Hut 8 Mining (HUT-Q) +11.11%
🌿 Nutrien Ltd. (NTR-T) +4.84%
🥇 New Gold Inc. (NGD-T) -5.09%