Grinch extends sell-off

Markets extended last Friday’s losses, amid light holiday volumes. Though Wall Street climbed higher from this morning’s weakness, the S&P and Dow still finished nearly 1% lower while the Nasdaq closed -1.1%. Once again, Nvidia was the most active name, […]

Shopify leads TSX to 25,000, Wall St. fades

Allan Tong Posted On November 12, 2024

Shopify reported a blow-out quarter that helped lift the TSX to 25,000 Tuesday morning. The TSX closed below that mark, but still notched a 0.54% gain. Nearly all sectors lost ground as materials and energy led the laggards, though.

Shopify itself soared 21.45%, Denison Mines 5.26%, Enbridge -1.29% and Barrick Gold -2.02%. There were hints that the forthcoming administration in Washington will at least decriminalize cannabis, which sent names like Tilray jumping 5.13% higher. Both WTI crude and gold were flat at US$68 and US$2,598 respectively.

Otherwise, it was negative day in New York. The S&P closed -0.29%, the Dow -0.86% while the Nasdaq shed a handful of points. Major movers: Nvidia up 2.09% as the most-active name, Tesla -6.15% to end its post-election rally, Mosaic -7.74%, GE Vernova -7.36% and Amgen -7.14%. Bitcoin remained at record levels of US$88,230 while the U.S. 10-year-yield edged up to 4.429%.

🛍 Shopify Inc. (SHOP-T) +21.45%

⛏ Denison Mines Corp (DML-T) +5.26%

🛢 Enbridge (ENB-T) -1.29%

🥇 Barrick Gold (ABX-T) -2.02%

🌿 Tilray Inc. (TLRY-Q) +5.13%

💾 NVIDIA Corporation (NVDA-Q) +2.09%

🚗 Tesla Inc (TSLA-Q) -6.15%

🌿 Mosaic Company (The) (MOS-N) -7.74%

🧬 GE Vernova (GEV-N) -7.36%

🧫 Amgen Inc. (AMGN-Q) -7.14%