Watch list
After Friday’s record highs, New York and Toronto indices pared back those gains Monday before the heart of earnings season arrives. The Nasdaq surrendered nearly 1%, the S&P about half that and the Dow a third. Energy was modestly up, industrials were down and other Dow components were decidedly mixed.
Boeing dipped 1.62%, ViacomCBS shed 2.41% and Intel slipped 1.73%. Morgan Stanley rose 1.83% and Netflix climbed 1.45% ahead of earnings. However, Tesla grabbed headlines after self-driving car crashed and killed two people, and the stock plunged 3.4%. After sliding on the weekend, Bitcoin recovered nearly 1% to finish above US$56,200. Also gaining was the U.S. 10-year yield by 1.75% to 1.601%.
In Toronto, the TSX retreated 0.76% with only staples and telcos showing any strength. Tech was especially hit as Shopify fell 5.17% and Lightspeed 3.61%. Also sliding were Polaris Infrastructure, down 5.4% and Innergex Renewable down 4.7%. In contrast, Copper Mountain Mining surged 7.41% and Organigram Holdings grew 4.14%. Though energy stocks lost ground, the price of crude WTI rose nearly 0.5% while WCS advanced even further. After the bell, investors were busy digesting the first federal budget in two years.
🛫 Boeing -1.62%
📺 ViacomCBS -2.41%
🏛 Morgan Stanley +1.83%
📺 Netflix Inc. +1.45%
🚗 Tesla Motors Inc -3.4%
🅱 The Bitcoin Fund +1%
🛍 Shopify Inc. -5.17%
💾 Lightspeed POS -3.61%
♻ Polaris Infrastructure -5.4%
♻ Innergex Renewable Energy -4.7%
⛏ Copper Mountain Mining +7.41%
🌿 OrganiGram Holdings Inc. +4.14%
Trending Now
