Mixed stocks, cryptos rally

Allan Tong Posted On December 5, 2023

Tuesday looked a lot like Monday as stocks were mixed, yields weakened and cryptos continued to rally. The TSX closed -0.17% as sectors were mixed. Staples and tech enjoyed strong gains which nearly match losses in materials and energy.

Among the big movers were North West Co. and Shopify both popping 3.44%, Nuvei adding another 2.37% after striking a deal with Microsoft, Cenovus -2.28% and Athabasca Oil -3.88% to reflect oil’s slump. WTI crude sank another 0.85% to $72.40.

The picture on Wall Street was similar. The S&P was basically flat, down two points, the Nasdaq up 0.31%, and the Dow -0.22%. The U.S. 10-year yield continued to lose ground as it fell to 4.17% while Bitcoin soared 4.39% to $43,800. Apple traded the most hands and rose 2.11%, AT&T 3.36%, Charter Communications -8.7%, Comcast -3.41% and Caesars -6.12%.

🛍 North West Company (NWC-T) +3.44%

🛍 Shopify Inc. (SHOP-T) +3.44%

💾 Nuvei Corp (NVEI-T) +2.37%

🛢 Cenovus Energy (CVE-T) -2.28%

🛢 Athabasca Oil Sands Corp (ATH-T) -3.88%

🛢 Bitcoin (BTCUSD) (CRYPTO:BTC) +4.39%

🍎 Apple Inc (AAPL-Q) +2.11%

📱 AT&T (T-N) +3.36%

📡 Charter Communications (CHTR-Q) -8.7%

📡 Comcast Corp (CMCSA-Q) -3.41%

♠ Caesars Entertainment (CZR-Q) -6.12%