Stocks rebound, oil pauses
On Tuesday, American stocks strongly bounced back, even as the U.S. 10-year advanced to 2.94%. The S&P rallied 1.61%, the Nasdaq 2.15% and the Dow 1.45%.
The most influential names were Apple, up 1.41%, Bank of America at 1.85%, Ford 3.06% and Intel 2.77%. In contrast, Twitter slid 4.73% and Pfizer lost 3.2%. Besides tech, travel stocks soared as American Airlines rose 5.66% and Carnival 4.57%. Meanwhile, Bitcoin added 1.6% to top $41,000 though gold retreated 1.5% to hover around $1,950. However, Netflix reported a disappointing forecast after the bell and shares slid.
Crude oil returned Monday’s gains as WTI fell more than 5% to $102.50 and WCS tumbled 5% to $90. Despite weakness in energy as well as materials, the TSX advanced 0.68% on the strength of most other sectors, including tech. The biggest movers included Royal Bank up 1.12%, Crescent Point Energy at -3.31%, Bombardier up 2.8% and Arc Resources by -4.56%. Other notable stocks were Cineplex jumping 7.28% on a strong moviegoing report, Shopify up 4.25%, Western Forest Products up 6.22% and Aritzia which climbed 4.97%.
🍎 Apple (AAPL-Q) +1.41%
🏛 Bank of America (BAC-N) +1.85%
🚘 Ford Motor (F-N) +3.06%
💾 Intel (INTC-Q) +2.77%
🐦 Twitter, Inc (TWTR-N) -4.73%
💉 Pfizer Inc (PFE-N) -3.2%
🛫 American Airlines Group (AAL-Q) +5.66%
🚢 Carnival Corp. (CCL-N) +4.57%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.6%
🏛 Royal Bank (RY-T) +1.12%
🛢 Crescent Point Energy Corp (CPG-T) -3.31%
🚂 Bombardier Inc (B) (BBD.B-T) +2.8%
🛢 Arc Resources Ltd (ARX-T) -4.56%
🎟 Cineplex Inc (CGX-T) +7.28%
🛍 Shopify Inc. (SHOP-T) +4.25%
🌲 Western Forest Products Inc. (WEF-T) +6.22%
👗 Aritzia Inc. (ATZ-T) +4.97%
