Markets rise, but mixed
Tuesday saw North American markets attempt to bounce back, but finished with mixed results. Stocks rallied at the open, but dipped into the negative midday, and finished both positive and negative. The S&P rose 0.24% and the Nasdaq 1%, but the Dow closed -0.27% and the TSX -0.59%. The decline in crude oil didn’t help the Toronto index as WTI slipped over 3% below $100 a barrel and WCS fell to $85.50. All the major sectors were in the red.
Suncor declined 1.26% in heavy trading, though Athabasca Oil jumped 4.82%. Also rallying were Cronos Group, up 13.15%, and Element Fleet Management by 11%. Tumbling were Bausch Health by 27.12%, Dye & Durham down 8.66% and Lion Electric sliding 8.14%.
The U.S. 10-year yield dipped below 3% as tech mounted a comeback. Apple rose 1.68%, AMD 2.73% and Adobe 4.38%. Elsewhere, Chipotle jumped 3.67%, Fortinet 6.76% and Pfizer 1.73% after announcing it was buying Biohaven, which soared over 68%. Losers included Equinix at -3.69%, Sherwin-Williams -3.83%, Prologis -5.21% and Newell Brands -6.76%. Like equities, Bitcoin mounted a modest comeback by advancing 0.81% to $31,200. Investors will keep an eye for inflation data this week.
🛢 Suncor Energy Inc (SU-T) -1.26%
🛢 Athabasca Oil Sands Corp (ATH-T) +4.82%
🌿 Cronos Group Inc (CRON-T) +13.15%
🏛 Element Fleet Management (EFN-T) +11%
👨⚕️ Bausch Health Companies Inc. (BHC-T) -27.12%
💾 Dye & Durham (DND-T) -8.66%
⚡ The Lion Electric Co (LEV-N) -8.14%
🍎 Apple (AAPL-Q) +1.68%
💾 Advanced Micro Devices (AMD-Q) +2.73%
💾 Adobe Systems (ADBE-Q) +4.38%
🌶 Chipotle Mexican Grill (CMG-N) +3.67%
💻 Fortinet Inc (FTNT-Q) +6.76%
💉 Pfizer Inc (PFE-N) +1.73%
🧫 Biohaven Pharmaceutical (BHVN-N) +68%
🏛 Equinix, Inc. (EQIX-Q) -3.69%
👨🎨 Sherwin-Williams Co. (SHW-N) -3.83%
🏛 Prologis (PLD-N) -5.21%
📦 Newell Brands Inc (NWL-N) -6.76%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.81%
