Markets give back despite earnings
Stocks in Toronto and New York gave back recent gains Thursday, a day after an unsurprising U.S. Fed announcement about interest rates and amid some positive earnings. The TSX shed 0.83% but stayed above 20,000 as all sectors except healthcare sold off. Real estate and materials led the laggards.
Cenovus was the most-traded stock, rallying 2.73%, but Crescent Point Energy sank 4.19% and TC Energy shed 3.35% after announcing it was selling one of its businesses. Meanwhile, Celestica rocketed 9.29% and Storagevault sank 9.34%. WTI oil rose 1.4% to touch nearly $80 a barrel as crude oil continued its summer rally.
On Wall Street, all the major indices were down: the S&P -0.64%, the Nasdaq -0.55%, and the Dow -0.67%. Meta reported a strong beat and rallied 4.4%, though Tesla sank 3.27%, AT&T fell 2.55% and Ebay plunged 10.53%. Intel reported after the closing bell and rallied after hours on a beat. The U.S. 10-year yield returned to 4%. Bitcoin gave back 0.66% to trade around $29,100.
🛢 Cenovus Energy (CVE-T) +2.73%
🛢 Crescent Point Energy Corp (CPG-T) -4.19%
🛢 TC Energy (TRP-T) -3.35%
🧬 Celestica Inc (CLS-T) +9.29%
🚚 StorageVault Canada (SVI-T) -9.34%
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) +4.4%
🚗 Tesla Inc (TSLA-Q) -3.27%
📱 AT&T (T-N) -2.55%
🛍 eBay Inc (EBAY-Q) -10.53%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.66%