Markets sideways, eying tariffs and earnings
Stocks offered few dramatic moves on Tuesday as investors eyed earnings reports in the U.S. and ongoing American tariffs. The TSX climbed 47 points to nearly match its all-time record set last week, while the Nasdaq slipped 0.39%, the Dow rose 0.4% and the S&P inched up four points to technically set a new record. Yields declined, starting with the U.S. 10-year which hovered around 4.346% while Bitcoin rallied more than $2,800 to US$119,825, gold edged US$33 to US$3,430 and WTI sank a dollar to US$66.20.
On Bay Street, materials led six other sectors higher while tech languished the most. Ivanhoe Mines rallied 7.02%, Agnico Eagle soared 4.23%, CNQ advanced 1.46%, though MDA Space sputtered by 4.46% and Celestica slid 4.38%. On Wall Street, Nvidia declined 2.54%, Lockheed Martin tanked 10.81%, MSCI faded by 8.91%, while DR Horton soared 16.98%. GM reported and issued a tariffs warning; its shares slid 8.12%.
⛏ Ivanhoe Mines Ltd (IVN-T) +7.02%
⛏ Agnico-Eagle Mines (AEM-T) +4.23%
🛢 Canadian Natural Rsrcs (CNQ-T) +1.46%
🧬 MDA Ltd. (MDA-T) -4.46%
🧬 Celestica Inc (CLS-T) -4.38%
💾 NVIDIA Corporation (NVDA-Q) -2.54%
🧬 Lockheed Martin (LMT-N) -10.81%
💾 MSCI Inc. (MSCI-N) -8.91%
🧱 D R Horton Inc. (DHI-N) +16.98%
🚘 General Motors Corporation (GM-N) -8.12%
