Markets extend losses

Allan Tong Posted On July 18, 2024

Bay and Wall streets continued to sell off on Thursday to extend losses of the previous session. This time, though, the Dow ended its record-breaking winning streak and closed -1.29% while the S&P finished -0.78% and the Nasdaq -0.7%. The U.S. 10-year yield reversed its downside by climbing nearly to 4.2%.

Major movers: homebuilder DR Horton soared 10.1%, Nvidia regained 2.63%, and Intel 1.19%, but Eli Lilly ended the day -6.26% and Domino’s Pizza -13.57%. Bitcoin retreated 0.65% to US$63,600.

Similarly, the TSX closed Thursday at -0.54% as healthcare and discretionary ranked among the laggards. Also losing ground were Hudbay Minerals at -7.54%, Lundin -6.13% and Interfor -5.97%. Winners included Algoma Steel up 5.29% and StorageVault at 4.73%. Gold slipped US$13 to US$2,445 as WTI gave back 0.5% to US$82.40.

🧱 D R Horton Inc. (DHI-N) +10.1%

💾 NVIDIA Corporation (NVDA-Q) +2.63%

💾 Intel (INTC-Q) +1.19%

🧫 Eli Lilly & Co. (LLY-N) -6.26%

🍕 Domino’s Pizza, Inc. (DPZ-N) -13.57%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.65%

⛏ Hudbay Minerals (HBM-T) -7.54%

⛏ Lundin Mining Corp. (LUN-T) -6.13%

🌲 Interfor Corp (IFP-T) -5.97%

⛓ Algoma Steel Group Inc (ASTL-T) +5.29%

🚚 StorageVault Canada (SVI-T) +4.73%