Markets sink on Middle East tensions and strong U.S. data
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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%