Oil sinks in choppy session
Crude oil continued its slide on Thursday as WTI sank over 2% to $82.50 a barrel. Despite that, the TSX managed to advance 0.54% as most sectors gained, led by income stocks in utilities, telcos and real estate. In contrast, staples showed mild weakness.
In contrast, Wall Street indices spent most of the session in the red, but managed to close slightly negative. The S&P, Nasdaq and Dow each declined a handful of points. Major movers included Coca-Cola at -4.83%, Molson-Coors -6.3%, Newmont 2.6% and CME Group 2.05%. The U.S. 10-year yield continued to decline as it fell back to 4.72%, and Bitcoin sank 1.25% to $27,400. All eyes will be on Friday’s unemployment numbers.
🛢 TC Energy (TRP-T) +1.46%
📱 Telus Corp (T-T) +1.94%
💡 Transalta Corp (TA-T) +6.96%
♻ Innergex Renewable Energy (INE-T) +4.67%
⛏ Fortuna Silver Mines (FVI-T) +4.13%
🥤 Coca-Cola Company (KO-N) -4.83%
🥇 Newmont Goldcorp (NGT-T) -2.6%
🏛 CME Group Inc (CME-Q) +2.05%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.25%