After seeing green at the start of Tuesday’s session, the major indices tumbled into the red and stayed there until the close. The bears continued to rule as the S&P closed -1.1%, the Nasdaq -1.12%, and the Dow -0.96%. It wasn’t only tech, but there was red across screens as 28 of the Dow 30 stocks closed negative while the Nasdaq fell below 12,000.
Major movers: Apple -1.52%, Intel -2.06%, Freeport-McMoRan -5.52%, Mosaic -4.97% though Best Buy advanced 1.61% after their quarter as a rare bright spot. Even Bitcoin lost 1% to slip below $20,000. Oil stocks got crushed, like Halliburton down 4.86%. The 10-year yield slipped to 3.1%.
In fact, WTI slid 5% to $92 which helped pressure the TSX by 1.63%. All sectors were negative. Major movers: Denison Mines up 3.41%, Cameco 2.59%, Bausch Health 2.13%, Suncor -4.77%, Crescent Point Energy -5.63% and Vermilion Energy -7.12%. It was the third-straight day of losses as hawkish sentiment from the U.S. Fed continues to worry investors.
🍎 Apple (AAPL-Q) -1.52%
💾 Intel (INTC-Q) -2.06%
⛏ Freeport McMoran Copper & Gold (FCX-N) -5.52%
🌿 Mosaic Company (The) (MOS-N) -4.97%
🛍 Best Buy Company Inc (BBY-N) +1.61%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1%
🛢 Halliburton Co (HAL-N) -4.86%
⛏ Denison Mines Corp (DML-T) +3.41%
⛏ Cameco Corporation (CCO-T) +2.59%
👨⚕️ Bausch Health Companies Inc. (BHC-T) +2.13%
🛢 Suncor Energy Inc (SU-T) -4.77%
🛢 Crescent Point Energy Corp (CPG-T) -5.63%
🛢 Vermilion Energy Inc (VET-T) -7.12%
