Markets fade, yields and gold shine
Tuesday’s session saw mild losses on Bay and Wall streets, though gold cracked a new high of US$2,400 and the U.S. 10-year yield climbed further, to 4.669%. The TSX closed -0.45% after only three sectors gained, including tech and energy. Staples, financials and utilities led the laggards. Canada’s March inflation rate came in as expected at 2.9%, though Ottawa unveiled a capital gains increase in its annual budget right after the closing bell.
Big movers were Descartes jumping 4.43%, First Majestic Silver at -8.24%, Barrick Gold -4.96%, Enbridge -2.11% and TC Energy -2.02%. WTI gave back 0.15% to $85.30.
In New York, the S&P sank 10 points, the Nasdaq closed -0.12% and the Dow added 0.17%. Super Micro Computer soared 10.6%, Live Nation tanked 7.58% after reports of an anti-trust investigation, Albemarle closed -5.3%, Apple -1.92% and Bank of America -3.53% after missing its quarter. Bitcoin declined 0.9% to $62,900.
💾 Descartes (DSG-T) +4.43%
🥈 First Majestic Silver (FR-T) -8.24%
🥇 Barrick Gold (ABX-T) -4.96%
🛢 Enbridge (ENB-T) -2.11%
🛢 TC Energy (TRP-T) -2.02%
💾 Super Micro Computer (SMCI-Q) +10.6%
📺 Live Nation Entertainment Inc. (LYV-N) -7.58%
⛏ Albemarle Corp (ALB-N) -5.3%
🍎 Apple Inc (AAPL-Q) -1.92%
🏛 Bank of America (BAC-N) -3.53%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.9%