Markets fails to rebound

Melisa R. H. Posted On July 25, 2024

Following a sharp tech-led sell-off, Thursday’s session ended with the Dow advancing 0.38% to return to 40,000, but the S&P closed -0.32% and the Nasdaq -0.77%.

Earnings were in the headlines with ServiceNow soaring 13.13%, but Ford tanking 18.14%. American Airlines rallied 5.26%, Tesla regained 2.37% but Nvidia lost another 1.23% after a particularly weak morning. The U.S. 10-year-yield inched down to 4.2449% as Bitcoin slid 2.3% to about US$64,600.

The TSX was flat, surrendering three points with healthcare showing particular strength. Royal Bank was the most active name, but ended the day -0.45% as Bank of Montreal rose 0.92%. Other major movers: Veren -2.38%, Mullen Group 9.27%, and West Fraser Timber 7.06%. Gold faded US$37 to US$2,360 but WTI climbed 60 cents to US$78.20.

💾 Servicenow (NOW-N) +13.13%

🚘 Ford Motor (F-N) -18.14%

🛫 American Airlines Group (AAL-Q) +5.26%

🚗 Tesla Inc (TSLA-Q) +2.37%

💾 NVIDIA Corporation (NVDA-Q) -1.23%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2.3%

🏛 Royal Bank (RY-T) -0.45%

🏛 Bank of Montreal (BMO-T) +0.92%

🛢 Veren (VRN-T) -2.38%

🚚 Mullen Group Ltd (MTL-T) +9.27%

🌲 West Fraser Timber (WFG-T) +7.06%