Markets recover, oil sinks

Markets in Toronto and New York regained some of yesterday’s losses, but remained down for the week. The latest from the White House was in giving the automakers a month’s reprieve from the sweeping tariffs, but the tariff cloud continues to hang over markets. The TSX rose 1.22% as all sectors but energy gained. Materials, discretionary and tech were the biggest winners.
Key names included Bombardier jumping 9.95%, First Quantum Minerals 9.59%, First Majestic Silver 7.33%, Suncor -3.11% and Baytex -4.68%. WTI crude sank 2.6% to US$66.50, the lowest since 2021, while gold edged up US$2 to US$2,920.
On Wall Street, the S&P advanced 1.12%, the Nasdaq 1.46% and the Dow 1.14% as materials and discretionary showed strength. Microsoft led the Mag 7 with a 3.19% pop, Moderna soared 15.94%, Ford 5.81%, Palantir 6.79%, but Crowdstrike slid 6.34%. In cryptos, Bitcoin recovered 3.1% to US$90,260, while the U.S. 10-year yield inched up to 4.288%.
🚂 Bombardier Inc (B) (BBD.B-T) +9.95%
⛏ First Quantum Minerals (FM-T) +9.59%
🥈 First Majestic Silver (AG-N) +7.33%
🛢 Suncor Energy Inc (SU-T) -3.11%
🛢 Baytex Energy Corp (BTE-T) -4.68%
Ⓜ Microsoft Corp (MSFT-Q) +3.19%
💉 Moderna (MRNA-Q) +15.94%
🚘 Ford Motor (F-N) +5.81%
💾 Palantir Technologies (PLTR-Q) +6.79%
💾 CrowdStrike Holdings (CRWD-Q) -6.34%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.1%