Stocks modestly rebound
Call it modest Monday as stocks on both sides of the border partially recovered last Friday’s sharp losses. Toronto squeezed out a 0.2% gain though sectors were mixed. Materials and industrials rallied, but staples fell.
Among the key movers were Athabasca Oil up 2.75%, TC Energy closing -1.87%, Hudbay Minerals soaring nearly 7% and Cargojet losing 3.22% of altitude. WTI continued to lose ground, declining 0.71% to $75.75 per barrel.
Wall Street fared a little better: the S&P added 0.31% but remained below 4,000, the Nasdaq 0.63%, and the Dow 0.22% to hover below 33,000. Once again, Tesla was the busiest stock, jumping 5.46%, as Union Pacific rallied 9.35%, Live Nation regained 4.43%, though Dish Network closed -8.06% and Schwab -3.37%. Bitcoin retreated 0.8% to $23,000 while the U.S. 10-year yield hovered around 3.92%.
🛢 Athabasca Oil Sands Corp (ATH-T) +2.75%
🛢 TC Energy (TRP-T) -1.87%
⛏ Hudbay Minerals (HBM-T) +7%
🛫 Cargojet Inc (CJT-T) -3.22%
🚗 Tesla Inc (TSLA-Q) +5.46%
🚚 Union Pacific Corp (UNP-N) +9.35%
📺 Live Nation Entertainment Inc. (LYV-N) +4.43%
📺 Echostar Communications (DISH-Q) -8-06%
🏛 Charles Schwab Corp (SCHW-N) -3.37%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.8%
