Stocks rebound, yields hold
The trading week began on a positive note as stocks rallied across the board in Toronto and New York. Despite typically quiet late-summer volumes, the TSX advanced nearly 1% to return past 20,000. All sectors but staples climbed, led by materials, financials, real estate and energy.
Notable movers including CNQ up 2.48%, Iamgold 5.52%, Wesdome Gold Mines 5.41%, Algoma Steel 5.03% and TD 2.07%. WTI crude inched by 0.4% past $80 a barrel.
In New York, the S&P closed 0.63% higher, the Nasdaq 0.84%, and the Dow 0.62%. Notable names included Boston Scientific surging nearly 6%, 3M rebounding 5.22% after settling a lawsuit, Western Digital 4.86% and Bath & Body Works up 2.87%. The U.S. 10-year yield held around 4.208% while Bitcoin slipped by 0.34% to $26,000.
🛢 Canadian Natural Rsrcs (CNQ-T) +2.48%
🥇 Iamgold Corp (IMG-T) +5.52%
⛏ Wesdome Gold Mines Ltd. (WDO-T) +5.41%
⛓ Algoma Steel Group Inc (ASTL-T) +5.03%
🏛 Toronto Dominion (TD) (TD-T) +2.07%
🧫 Boston Scientific Corp (BSX-N) +6%
💾 3M Co. (MMM-N) +5.22%
🧬 Western Digital (WDC-Q) +4.86%
🛍 Bath & Body Works (BBWI-N) +2.87%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.34%
