Stocks fall after recent highs
After days of record closes, markets on Wednesday sold off: the TSX -0.85%, the S&P -0.34%, and the Dow -0.94% though the Nasdaq gained 0.16%. The run in precious metals reversed as silver slid US$3 to US$78.15 and gold fell $40 to US4,454. WTI continued to weaken after the U.S. invasion of Venezuela, sinking 1.45% to US$56.30.
Energy as well as industrials were among the nine sectors under water on Bay Street, as healthcare rallied. Major movers in Toronto included CNQ at -2.8%, Cenovus -2.14%, B2Gold -2.23%, and Capstone Copper -7.01%. Utilities, which lagged in 2025, have been catching a bid lately, with Algonquin Power up 3.61% today. On Wall Street, Intel rallied 6.47%, Regeneron 4.6% and Nvidia 1%. In contrast, First Solar tumbled 10.29% and Western Digital sank 8.89% after Tuesday’s surge. Bitcoin fell 2.25% while the U.S. 10-year yield edged down to 4.15%.
🛢 Canadian Natural Rsrcs (CNQ-T) -2.8%
🛢 Cenovus Energy (CVE-T) -2.14%
🥇 B2Gold Corp. (BTO-T) -2.23%
🥉 Capstone Copper Corp (CS-T) -7.01%
💡 Algonquin Power & Utilities Corp (AQN-T) +3.61%
💾 Intel (INTC-Q) +6.47%
👨⚕️ Regeneron Pharmaceuticals Inc (REGN-Q) +4.6%
💾 NVIDIA Corporation (NVDA-Q) +1%
⛏ First Solar Inc. (FSLR-Q) -10.29%
💾 Western Digital (WDC-Q) -8.89%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2.25%
