S&P and Nasdaq notch records, but stocks mixed
Wall Street reopened Tuesday following a holiday and played catch-up to Monday’s global rally. The S&P did by rallying 0.61% to a record close of 7,519, and the Nasdaq jumped 1.19% to its own high of 26,656. However, not everything rallied. The Dow sank 0.23%. Once again, tech led the gains with Micron soaring 19.29% and ON Semiconductor 9.29%. Elsewhere, AutoZone skidded 8.99%, Intuit slumped 4.87% and Ford rose 2.61%. Though Washington assured the public that the U.S.-Iran peace talks were progressing, the U.S. launched fresh strikes at Iran. Nonetheless, WTI crude sank US$3 to US$93.65. The U.S. 10-year yield slipped to 4.493%.
SIlver declined 1.45% to US$76.80 and gold fell US$62 to US$4,508. Their weakness didn’t help the TSX which saw seven sectors fade, led by staples, tech and healthcare. Utilities was the best performer. Major movers on Bay Street: Enbidge -1.22%, Manulife -1.19%, BlackBerry 5.14%, Boyd Group -4.35% and Brookfield Renewables 4.96%. Finally, Bitcoin sank 1.6% to US$75,980.
However, the Dow slipped 0.23% and the TSX stepped back from historic highs by 0.52%.
💾 Micron Technology (MU) +19.29%
🧬 ON Semiconductor (ON) +9.29%
🚗 Autozone Inc. (AZO) -8.99%
💾 Intuit Inc. (INTU) -4.87%
🚘 Ford Motor (F) +2.61%
🛢 Enbridge (ENB.TO) -1.22%
🏛 Manulife Financial (MFC.TO) -1.19%
📱 BlackBerry (BB.TO) +5.14%
🚗 Boyd Group Services Inc. (BYD.TO) -4.35%
♻ Brookfield Renewable Partners (BEP.UN.TO) +4.96%
🅱 Bitcoin (BTCUSD) (BTC-USD) -1.6%