Stocks partially rebound, metals sink more
February began with a partial recovery on the TSX after Friday’s steep sell-off when gold and silver crashed. On Monday, the TSX regained 0.84%, but still remained well below the 33,000 mark. The Wall Street bourses recovered some ground as well: the S&P 0.54%, the Nasdaq 0.56% and the Dow 1.05%. Silver continued to slide, down 6.15% to US$79.90 while gold fell 4.5% to US$4,670. Easing tensions between the U.S. and Iran pushed WTI lower by 4.6% to US$62.20.
In Toronto, all but energy and another sector enjoyed gains, especially staples, financials and discretionary. Key names: Aritzia 6.53%, Eldorado Gold -8.47%, Energy Fuels -5.68%, Brookfield Business Partners 4.93% and TFI International 4.98%. In New York, the most active names were Nvidia, down 2.89%, and Apple, up 4.06%. Meanwhile, the storage stocks continued to rip: Sandisk by 15.44% and Western Digital 7.99%. The U.S. 10-year yield held at 4.281% while Bitcoin regained 2.5% to US$78,325.
👗 Aritzia Inc. (ATZ-T) +6.53%
🥇 Eldorado Gold (ELD-T) -8.47%
⛏ Energy Fuels Inc. (EFR-T) -5.68%
🏛 Brookfield Business Partners LP (BBU.UN-T) +4.93%
🚚 TFI International Inc (TFII-T) +4.98%
💾 NVIDIA Corporation (NVDA-Q) -2.89%
🍎 Apple Inc (AAPL-Q) +4.06%
💾 Sandisk Corp (SNDK-Q) +15.44%
💾 Western Digital (WDC-Q) +7.99%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.5%
