Stocks, oil modestly decline
Stocks and oil continued to fall on Wednesday, but modestly compared to previous sessions. The major indices in Toronto and New York surrendered roughly half- to nearly a full percentage point during a typical light summer session. In Toronto, most sectors were in the red particularly consumer staples and materials.
Big movers on Bay Street included cannabis names like Cronos up 3.6% and Aurora by 6.53%, while Dye & Durham jumped 6.26%. In contrast, energy names like Enbridge took a hit, down 3.04%, and Lifeco Great-West sank by 2.22%. Energy weighed on the overall TSX as WTI slid 3% to $89.
On Wall Street, the 10-year yield inched up to 3.17% as Bitcoin also crept up to the tune of 1.33% above $20,000. returned above 2.9% while Bitcoin slid 4% to below $38,500. Gainers included Baidu by 4.56%, Las Vegas Sands by 2.74% and PayPal up 1.92%. Heading down were Crowdstrike at -5.53%, Carnival -2.76%, and memester Bed, Bath & Beyond at -5.54%.
🌿 Cronos Group Inc (CRON-T) +3-6%
🌿 Aurora Cannabis (ACB-T) +6.53%
💾 Dye & Durham (DND-T) +6.26%
🛢 Enbridge (ENB-T) -3.04%
🏛 Great West Lifeco (GWO-T) -2.22%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.33%
🈲 Baidu.com (BIDU-Q) +4.56%
♠ Las Vegas Sands Corp. (LVS-N) +2.74%
💳 PayPal Holdings Inc. (PYPL-Q) +1.92%
💻 CrowdStrike Holdings (CRWD-Q) -5.53%
🚢 Carnival Corp. (CCL-N) -2.76%
🛏 Bed Bath & Beyond (BBBY-Q) -5.54%