Mideast calms, stocks rise, oil slides

Allan Tong Posted On June 23, 2025

Markets were on edge after the U.S. attacked a nuclear target in Iran over the weekend. However, on Monday those jitters faded and stocks rose after a retaliatory attack on a U.S. air base in Qatar caused minimal damage. The major U.S. indices all gained nearly 1% as WTI crude tumbled 9% to US$67.25.

Major movers on Wall Street included Halliburton -6.78%, Arista 6.01%, Generac 4.86%, Super Micro Computer -9.77% and Tesla 8.23% Meanwhile, Bitcoin jumped 4.4% to US$103,900.

The TSX climbed 0.42% as all but two sectors rallied. Tech and telcos led while energy lagged by far. Winners included Iamgold up 5.64%, Air Canada 5.05% ERO Copper 3.53% and West Fraser Timber 3.45%. Energy names CNQ were down 4.09% and Baytex 9.15%. Gold held around US$3,371.

🛢 Halliburton Co (HAL-N) -6.78%

💾 Arista Networks (ANET-N) +6.01%

🧬 Generac (GNRC-N) +4.86%

💾 Super Micro Computer (SMCI-Q) -9.77%

🚗 Tesla Inc (TSLA-Q) +8.23%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +4.4%

🥇 Iamgold Corp (IMG-T) +5.64%

🛫 Air Canada (AC-T) +5.05%

🥉 Ero Copper Corp (ERO-N) +3.53%

🌲 West Fraser Timber (WFG-T) +3.45%

🛢 Canadian Natural Rsrcs (CNQ-T) -4.09%

🛢 Baytex Energy Corp (BTE-T) -9.15%