Markets fade slightly

Allan Tong Posted On July 23, 2024

Tuesday markets saw mild losses following days of dramatic moves. The TSX closed -0.18%, highlighted by weakness in energy as WTI declined 1.35% to US$77.35 a barrel. Royal Bank was the most active name at -0.85%. Other key movers: Baytex -2.54%, Canada goose -3.5%, Goeasy 4.52% and Badger up 4.02%. Gold added US$11 to US$2,407 an ounce. Bay Street is awaiting the Bank of Canada’s interest rate decision tomorrow, widely expecting a cut.

Wall Street also saw muted action as the Nasdaq was flat, down four points, the S&P -0.11% and the Dow -0.1%. Major movers: Amazon up 2.17%, AT&T -1.73%, MSCI jumped 7.72%, Sherwin-Williams 6.55% and UPS -12.45% after reporting a miss. The U.S. 10-year yield declined to 4.239% while Bitcoin sank 3% to US$65,500.

🏛 Royal Bank (RY-T) -0.85%

🛢 Baytex Energy Corp (BTE-T) -2.54%

🧣 Canada Goose Holdings (GOOS-T) -3.5%

🏛 goeasy (GSY-T) +4.52%

🛢 Badger Daylighting (BDGI-T) +4.02%

📦 Amazon.com, Inc. (AMZN-Q) +2.17%

📱 AT&T (T-N) -1.73%

💻 MSCI Inc. (MSCI-N) +7.72%

🎨 Sherwin-Williams Co. (SHW-N) +6.55%

📦 United Parcel Services (UPS-N) -12.45%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -3%