Oil sinks, SpaceX plunges, markets mixed
As a fragile peace hangs over the US-Israel-Iran war, the price of oil continued to sink as WTI fell 2.3% to US$74.80. Despite that, energy as well as materials were the strongest sectors on the TSX, which rose 0.43% on Monday to return above 35,000. Sectors were mixed with telcos and real estate fading the most. Gold added US$37 to US$4,192 while silver rose 0.5% to US$65.05. Key names on Bay Street included Alamos Gold up 7.87%, Atkins Realis 6.11%, Telus -1.59%, Parex Resources -5.24% and MDA Space -5.23%. Canada’s May inflation rate jumped to 3.2%, due to the spike in oil prices from the Mideast war.
It was a different story on Wall Street where the S&P closed 0.37%, the Nasdaq sank 1.32% while the Dow advanced 0.29%. SpaceX plunged 16.43% on its third-straight day of losses, while Super Micro Computer soared 15.66%, Coherent jumped 9.22%, Moderna sank 7.22% and Palantir tumbled 6.98%. Bitcoin slipped 1% to US$64,400. The U.S. 10-year yield climbed to 4.509%.
🥇 Alamos Gold Inc (AGI.TO) +7.87%
🧱 AtkinsRéalis Group Inc. (ATRL.TO) +6.11%
📱 Telus Corp (T.TO) -1.59%
🛢 Parex Resources Inc. (PXT.TO) -5.24%
🧬 MDA Space Ltd. (MDA.TO) -5.23%
📡 SpaceX (SPCX) -16.43%
💾 Super Micro Computer (SMCI) +15.66%
🧬 Coherent, Inc. (COHR) +9.22%
💉 Moderna (MRNA) -7.22%
💾 Palantir Technologies (PLTR) -6.98%
🅱 Bitcoin (BTCUSD) (BTC-USD) -1%
