Oil and TSX sink, Wall Street flat
Investors remain optimistic that the U.S. and Iran will reach a peace agreement, and so investors continued to sell off oil on Wednesday. WTI sank US$4.50 to US$89.40 and helped drag down the TSX by 0.75%. Material also weighed on the Canadian index as silver slid 3% to U$74.55 and gold declined nearly U$50 to US$4,458. Only four sectors gained, led by staples. Key names: CNQ -2.19%, Baytex -3.1%, B2Gold -3.53%, Goeasy 6.42% and West Fraser Timber 4.39%.
In New York, both the S&P and Nadaq were flat, managing to gain only a handful of points while the Dow advanced 0.36%. The U.S. 10-year yield held at 4.481%. Micron continued its hot streak after ripping another 3.63%. AppLovin soared 10.42% on an upgrade. Meanwhile, MGM Resorts popped 9.1%, Boston Scientific tumbled 12.46% and Qualcomm sank 6.2%. Bitcoin declined US$750 to U$75,250.
🛢 Canadian Natural Rsrcs (CNQ.TO) -2.19%
🛢 Baytex Energy Corp (BTE.TO) -3.1%
🥇 B2Gold Corp. (BTO.TO) -3.53%
🏛 goeasy (GSY.TO) +6.42%
🌲 West Fraser Timber (WFG.TO) +4.39%
💾 Micron Technology (MU) +3.63%
💾 AppLovin Corporation (APP) +10.42%
♠ MGM Resorts International (MGM) +9.1%
🧫 Boston Scientific Corp (BSX) -12.46%
🧬 Qualcomm (QCOM) -6.2%
