Oil slides, stocks rebound

WTI sank nearly 5% on Monday to US$95.45, though the U.S. 10-year yield hovered right below the 5% mark as inflation worries persist. Markets rebounded with tech leading the way in Toronto and New York. The TSX gained over 200 points or 0.57% as energy led four sectors down and financials also showed strength. Big movers: Aecon 8.07%, CNQ -2.23%, Shopify 7.83%, BlackBerry 7.08% and MDA Space 6.18%. Precious metals saw minor movement: silver was down 0.4% to US$65.85 and gold slipped US$36 to US$4,340.

In New York, the S&P rallied 1.49%, the Nasdaq 2.26% and the Dow 0.71%. Intel soared 12.14%, Nvidia 2.3%, Warner Bros. Discovery 10.79%, Moderna 12.27% and Marathon Petroleum -5.3%. Bitcoin jumped 7.25% to nearly US$87,000. 

⚙ Aecon Group Inc (ARE.TO) +8.07%

🛢 Canadian Natural Rsrcs (CNQ.TO) -2.23%

🛍 Shopify Inc. (SHOP.TO) +7.83%

📱 BlackBerry (BB.TO) +7.08%

🧬 MDA Space Ltd. (MDA.TO) +6.18%

💾 Intel (INTC) +12.14%

💾 NVIDIA Corporation (NVDA) +2.3%

📡 Warner Bros. Discovery (WBD) +10.79%

💉 Moderna (MRNA) +12.27%

🛢 Marathon Petroleum (MPC) -5.3%

🅱 Bitcoin (BTCUSD) (BTC-USD) +7.25%