Oil spikes, markets tumble again amid war

Ongoing worries over the US-Israel-Iran war weighed on markets as the major indices slid on Thursday while oil spiked again. WTI jumped over 10% to US$96.20 as several countries untap their reserves and the Strait of Hormuz remains frozen during warfare. The S&P closed -1.52%, the Nasdaq -1.78%, the Dow -1.56% and the TSX -0.83% or down 275 points. Gold slipped 1.7% to US$5,085 while silver declined 1.5% to US$84.35.

In Toronto, energy made outsized gains as healthcare, industrials and tech led nine sectors downward. Major movers: NFI Group 6.61%, CNQ 3.1%, Goeasy -13.89%, MDA Space -7.15% and TFI International -6.93%. In New York: SLB -7.49%, Nvidia -1.53%, Charles River Labs -9.78%, Carnival -7.99% and Estee Lauder -7.92% The U.S. 10-year yield climbed to 4.263% on fears that a prolonged war will fuel inflation.

🚚 New Flyer Industries Inc. (NFI-T) +6.61%

🛢 Canadian Natural Rsrcs (CNQ-T) +3.1%

🏛 goeasy (GSY-T) -13.89%

🧬 MDA Space Ltd. (MDA-T) -7.15%

🚚 TFI International Inc (TFII-T) -6.93%

🛢 Schlumberger Ltd. (SLB-N) -7.49%

💾 NVIDIA Corporation (NVDA-Q) -1.53%

🧫 Charles River Labs Intl (CRL-N) -9.78%

🚢 Carnival Corp. (CCL-N) -7.99%

💄 Estee Lauder (EL-N) -7.92%