Markets turn bearish

Selling on Tuesday continued after a dour Monday. Investors sold more AI tech stocks which have been seen as overvalued after hitting recent record highsy. On the eve of reporting earnings, Nvidia sank another 2.81% while Amazon tumbled 4.43%. The Nasdaq shed 1.21% while the S&P slipped 0.83% and the Dow gave back 1.07%. Elsewhere, Home Depot sank 6.02%, Warner Bros. Discovery rallied 4.18% and Medtronic rose 4.69% as healthcare stocks showed strength. The U.S. 10-year yield dipped below 4.2% to 4.119%, and Bitcoin climbed US$1,120 to US$92,945.

In Canada, the TSX outperformed Wall Street again, staying relatively flat with a 20-point decline. Only four sectors gained, most notably energy as WTI popped 1.355 to US$60.70. Gold increased US$22 to US$4,067, though some mineral companies slid, such as Capstone Copper, down 6.73%. Cenovus rallied 2.74%, CNW 1.47%, Whitecap Resources 4.41%, though Telus fell 5.28%.

💾 NVIDIA Corporation (NVDA-Q) -2.81%

📦 Amazon.com, Inc. (AMZN-Q) -4.43%

🛠 Home Depot (HD-N) -6.02%

📺 Warner Bros. Discovery (WBD-Q) +4.18%

🧫 Medtronic Inc (MDT-N) +4.69%

⛏ Capstone Copper Corp (CS-T) -6.73%

🛢 Cenovus Energy (CVE-T) +2.74%

🛢 Whitecap Resources (WCP-T) +4.41%

📱 Telus Corp (T-T) -5.28%