Stocks drift amid earnings
Tuesday saw the major indices drift downwards to start August amid a flurry of earnings reports. The TSX closed -0.45% as only three sectors, led by energy, rallied, and the others sank, especially materials and utilities.
Despite reporting a miss, TFI International climbed 3.13%. Meanwhile, Linamar advanced 2.03%, the Bank of Nova Scotia closed -1.3% and Kinross Gold -3.5%. WTI held at just below $82 a barrel.
On Wall Street, the Dow briefly touched a 52-week high of 35,679 and managed to close 0.2% higher. In contrast, the S&P finished -0.27% and the Nasdaq -0.43%. Many major movers reported with varying results. Uber closed -5.68%, JetBlue -8.3%, Caterpillar 8.85% and AMD jumped 2.8% and rose even further after hours when it reported. Meanwhile, Norwegian Cruise Line plunged 12.05%. The U.S. 10-year yield returned to 4% as Bitcoin shed 0.2% to trend below $29,200.
🚚 TFI International Inc (TFII-T) +3.13%
🚗 Linamar Corp (LNR-T) +2.03%
🏛 Bank of Nova Scotia (BNS-T) -1.3%
🥇 Kinross Gold (K-T) -3.5%
🚕 Uber (UBER-N) -5.68%
🛫 JetBlue Airways Corp. (JBLU-Q) -8.3%
🏗 Caterpillar (CAT-N) +8.85%
💾 Advanced Micro Devices (AMD-Q) +2.8%
🚢 Norwegian Cruise Line Holdings (NCLH-N) -12.05%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.2%
