Stocks and oil climb
Stocks mildly rose on Wednesday to partially offset recent losses. A rise in commodity prices helped lift the TSX by 0.23% back into 20,000 territory. WTI rose 1.65% above $95 a barrel as energy as well as materials led Canadian stocks.
Big gainers included Cameco by 14.93%, Nexgen Energy up 14.81%, and Denison Mines at 17%. Rio Tinto sweetened its takeover off for Turquoise Mines and the latter’s shares soared 24%. In contrast a disappointing quarter pressured Royal Bank by 2.67% as WSP Global finished -2.19% and Weston -1.89%.
Wall Street continued to fret over Jay Powell’s comments that he will deliver on Friday, but the S&P added 0.16%, the Nasdaq 0.42%, and the Dow added 0.18%. All 11 S&P sectors were in the green led by energy and real estate. Gainers: Mosaic 6%, cruise liners Royal Caribbean by 7.47% and Norwegian soaring nearly 14%, Intuit 3.76% and Illumina by 8.19%. However, Peloton announced it would start selling through Amazon and stocks rocketed over 20%. Heading down were Newell Brands at -3.51% and Dow -2.5%. The 10-year yield inched up to 3.11% while Bitcoin added almost 1% to $21,700.
⛏ Cameco Corporation (CCO-T) +14.93%
⚡ NexGen Energy (NXE-T) +14.81%
⛏ Denison Mines Corp (DML-T) +17%
⛏ Turquoise Hill Resources (TRQ-T) +24%
🏛 Royal Bank (RY-T) -2.67%
🏗 WSP Global Inc. (WSP-T) -2.19%
🥫 George Weston Ltd. (WN-T) -1.89%
⛏ Mosaic Company (The) (MOS-N) +6%
🚢 Royal Caribbean Cruises (RCL-N) +7.47%
🚢 Norwegian Cruise Line Holdings (NCLH-N) +14%
💾 Intuit Inc. (INTU-Q) +3.76%
🧫 Illumina Inc. (ILMN-Q) +8.19%
🚲 Peloton Interactive (PTON-Q) +20%
🛍 Newell Brands Inc (NWL-N) -3.51%
⚗ Dow Inc. (DOW-N) -2.5%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1%
