Markets fade on tariff worries
Despite (or because of) assurances from the White House that Washington is “very close” to some trade deals with nations it is hitting with tariffs, Monday markets lost ground. The S&P closed -0.64%, the Nasdaq -0.74% and the Dow -0.24%. The U.S. 10-year yield edged up to 4.349% while Bitcoin slid US$1,515 to US$94,215.
Key movers were GoDaddy up 3.36%, Apple -3.15%, Tesla -2.42%, ON Semiconductor -8.35% and Berkshire Hathaway (B class) -5.12% after its CEO, legendary investor Warren Buffett, announced his successor.
Eight sectors lagged on the TSX which declined 0.31%. Materials outpaced all others, but couldn’t outweigh losses in healthcare and energy. WTI tumbled US$1.25 after OPEC+ announced more oil production, though gold rose US$89 to US$3,329. Major movers were CNQ at -3.42%, Whitecap Resources -3.45%, Suncor -3.1% and Bird Construction soaring 4.93%. Sunoco announced a friendly takeover of Parkland Fuel; PKI gained 5.51%.
💻 Go Daddy (GDDY-N) +3.36%
🍎 Apple Inc (AAPL-Q) -3.15%
🚗 Tesla Inc (TSLA-Q) -2.42%
🧬 ON Semiconductor (ON-Q) -8.35%
🏛 Berkshire Hathaway (B class) -5.12%
🛢Canadian Natural Rsrcs (CNQ-T) -3.42%
🛢 Whitecap Resources (WCP-T) -3.45%
⚡ Suncor Energy Inc (SU-T) -3.1%
🧱 Bird Construction Income Fund (BDT-T) -4.93%
🚚 Parkland Fuel Corp (PKI-T) +5.51%
