Oil fades, stocks rise as war grinds on

Stocks in Toronto and New York saw some gains as oil fell, lifted by optimism over the US-Israel-Iran war. The S&P closed 0.73%, the Nasdaq 1.16%, the Dow 0.48% and the TSX 0.63%. WTI, in contrast, sank US$2.30 to US$99.10, though gold added US$99 to US$4,767 and silver climbed half a dollar to US$76.

Tech led the rally in New York with Western Digital up 10.07%, Sandisk 9.03%, Micron 8.88% and Intel 8.84%. Nike reported and cratered 15.51%. In Toronto, materials and healthcare led nine sectors up while energy saw a big sell-off. Most notable were Discovery Silver up 9.84%, Capstone Copper 7.91%, CNQ -4.75%, Torex Gold Resources 7.42% and Whitecap Resources -6.94%. Bitcoin was flat at US$68,125 while the US 10-year yield held at 4.33%.

💾 Western Digital (WDC-Q) +10.07%

💾 Sandisk Corp (SNDK-Q) +9.03%

💾 Micron Technology (MU-Q) +8.88%

💾 Intel (INTC-Q) +8.84%

👟 Nike Inc (NKE-N) -15.51%

🥈 Discovery Silver (DSV-T) +9.84%

🥉 Capstone Copper Corp (CS-T) +7.91%

🛢 Canadian Natural Rsrcs (CNQ-T) -4.75%

🥇 Torex Gold Resources (TXG-T) +7.42%

🛢 Whitecap Resources (WCP-T) -6.94%