Markets sink on Middle East tensions and strong U.S. data
Though futures pointed up Monday morning, markets sank across the board into the close due to geopolitical tensions between Israel and Iran as well as strong U.S. data that highlighted a robust consumer. As the world watches to see if military conflict escalates or not, the S&P closed Monday -1.11%, the Nasdaq -1.7% and the Dow -0.57%. The U.S. 10-year-yield climbed to 4.612%.
Major movers were Apple at -2.1%, Tesla -5.38%, Amazon -1.26%, Salesforce -7.28% and Intel up 1.77%. Bitcoin slid 3.5% to nearly $63,500.
The price of WTI actually held into the close around $85.60, but energy led nearly all sectors except consumer staples down. Also particularly weak were real estate and materials. The TSX closed -0.77% as Parkland Fuel gained 5.32%, Enbridge ended the session -1.15%, CNQ -2.01%, B2Gold -5.78% and BlackBerry -10.21%. Gold climbed even higher Monday, up to US$2,385 an ounce.
🍎 Apple Inc (AAPL-Q) -2.1%
🚗 Tesla Inc (TSLA-Q) -5.38%
📦 Amazon.com, Inc. (AMZN-Q) -1.26%
💨 SalesForce.com Inc. (CRM-N) -7.28%
💾 Intel (INTC-Q) +1.77%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -3.5%
🚚 Parkland Fuel Corp (PKI-T) +5.32%
🛢 Enbridge (ENB-T) -1.15%
🛢 Canadian Natural Rsrcs (CNQ-T) -2.01%
🥇 B2Gold Corp. (BTO-T) -5.78%
📱 BlackBerry (BB-T) -10.21%