Stocks give back gains

Melisa R. H. Posted On September 12, 2023

Tuesday markets returned most of the gains made in Monday’s rally, led by tech. The Nasdaq closed -1.04%, the S&P -0.57% and the Dow -0.05%.

Oracle plunged 13.5% after reporting. Apple unveiled new products but declined 1.71%. Meanwhile, Tesla closed -2.23%, Occidental Petroleum gained 4.06% and Keycorp 5%. The U.S. 10-year yield held around 4.274% as Bitcoin rose 3.7% to $26,000.

Canadian stocks fared better. The TSX climbed 0.2% as the sectors were mixed. Consumer staples and real estate led the laggards while energy continued to rally. WTI crude rose to nearly $89 a barrel. Key movers were unsurprisngly oil names: Vermilion Energy up 4.63%, Precision Drilling up 4.33% and Suncor 2.53%. As on Wall Street, tech was weak as Nuvei sank 3.42%. Tilray slid 12.3% as cannabis stocks fell back after recent gains.

💾 Oracle (ORCL-N) -13.05%

🍎 Apple Inc (AAPL-Q) -1.71%

🚗Tesla Inc (TSLA-Q) -2.23%

🛢️Occidental Petroleum Corp (OXY-N) +4.06%

🔑Keycorp (KEY-N) +5%

⚡️Vermilion Energy Inc (VET-T) +4.63%

🚜Precision Drilling (PD-T) +4.33%

🛢️Suncor Energy Inc (SU-T) +2.53%

💳Nuvei Corp (NVEI-T) -3.42%

🌿Tilray Inc. (TLRY-Q) -12.3%