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Supply chain woes continued to bedevil the market, particularly consumer names. on the last full trading day this week in America before Thanksgiving, Wall Street was decidedly mixed: the Dow shed 12 points to close essentially flat as the S&P added 0.2% and the Nasdaq recovered 0.44% after recent selling.
Retailers are being hammered by product shortages, which sent the Gap sliding by 24% and Nordstrom plunging 29%. Macy’s was also hit for 4.43% and Abercrombie & Fitch lost 4.55%. The Dow components were mixed though there were some bright spots. Visa regained 2.4% after being pummeled recently, AMD advanced 5.26%, Etsy added 6.22% and Deere rose 5.32%. Meanwhile, Bitcoin slipped 0.5% to trade around $57,300 as gold was flat.
The TSX gained 0.39% as most components, starting with energy, tech and real estate rallied while consumer staples lagged. Trading heavily were Suncor, up 2.24%, Bombardier at 3.37% and Organigram which jumped 5.43% to continued its recent wild ride. Sliding down, however, were Alimentation Couche-Tard at -4.59% and Enghouse which closed at -2.48%. Meanwhile, crude oil lost a little ground as WTI slipped 0.28% to trade over $78 per barrel and WCS lost 0.75% to dip below $59. American markets will closed Thursday and open only partially Friday, though the TSX will be open for business as usual.
🧢 Gap (GPS-N) -24%
🛍 Nordstrom Inc (JWN-N) -29%
🛍 Macys Inc. (formerly Federated Department Stores) (M-N) -4.43%
👕 Abercrombie & Fitch (ANF-N) -4.55%
🏛 Visa Inc. (V-N) +2.4%
💾 Advanced Micro Devices (AMD-Q) +5.26%
🛍 Etsy Inc. (ETSY-Q) +6.22%
🦌 Deere & Co. (DE-N) +5.32%
🅱 Bitcoin Cash (CRYPTO:BCH) -0.5%
🛢 Suncor Energy Inc (SU-T) +2.24%
🚂 Bombardier Inc (B) (BBD.B-T) +3.37%
🌿 OrganiGram Holdings Inc. (OGI-T) +5.43%
🛒 Alimentation Couche-Tard (B) (ATD.B-T) -4.59%
💾 Enghouse Systems (ENGH-T) -2.48%
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