Oil sinks, materials spike, stocks up
The TSX regained 0.76% on the strength of materials rebounding sharply in names such as Lundin Mining, up 6.98%, and First Majestic Silver at 8.85%. Silver rallied nearly 2.9% to US$59.80, while gold added US$43 to US$41,21. Meanwhile, banks continued to rally with the Bank of Nova Scotia climbing 1.31%, while BlackBerry rallied 3.05% and CNQ sank 1.15% on weakness in oil prices. WTI slid 2.22% to US$71.90 as markets keep an eye on the ever-changing situation in Iran.
On Wall Street, tech had a good session with the Nasdaq advancing 1.3%. The S&P rose 0.8% and the Dow 0.27%. Key names: Costco -4.21%, Hewlett Packard 9.94%, Tesla 3.17%, FedEx Freight 7.64%, Paramount Skydance -4.31%, and Lumentum Holdings 11.13%. The U.S. 10-year yield held around 4.549% while Bitcoin jumped US$1,100 to US$63,170.
⛏ Lundin Mining Corp. (LUN.TO) +6.98%
🥈 First Majestic Silver (AG.TO) +8.85%
🏛 Bank of Nova Scotia (BNS.TO) +1.31%
📱 BlackBerry (BB.TO) +3.05%
🛢 Canadian Natural Rsrcs (CNQ.TO) -1.15%
🛒 Costco Wholesale Corporation (COST) -4.21%
💾 Hewlett-Packard Co (HPQ) +9.94%
🚗 Tesla Inc (TSLA) +3.17%
📦 FedEx Freight Holding Company, Inc. (FDXF) +7.64%
🎞 Paramount Skydance Corporation (PSKY) -4.31%
🧬 Lumentum Holdings (LITE) +11.13%
