Stocks sink, yields rise
Volatility returned to markets to start the week. The S&P and Dow sank nearly 1% as the Nasdaq fell 1.25% to close below 18,000. Utilities and communication services were particularly weak.
Major movers: Super Micro Computer soared 16.98%, Nvidia 2.43%, Tesla -3.65%, Vistra -5.09% and Allstate -5.11%. Bitcoin inched up 0.7% to US$63,125. Meanwhile, the U.S. 10-year yield returned to 4%.
In Toronto, the TSX declined 0.47% as only energy gained. Healthcare and utilities led the laggards. Key names: CNQ 3.3%, MDA 3.12%, Baytex 2% Iamgold -9.5% and Fortuna -8.57%. Gold sank US$10 to UA$2,643 and ounce as WTI jumped 4% to US$77 a barrel.
💾 Super Micro Computer (SMCI-Q) +16.98%
💾 NVIDIA Corporation (NVDA-Q) +2.43%
🚗 Tesla Inc (TSLA-Q) -3.65%
💡 Vistra (VST-N) -5.09%
👨⚕️ Allstate (ALL-N) -5.11%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.7%
🛢 Canadian Natural Rsrcs (CNQ-T) +3.3%
🧬 MDA Ltd. (MDA-T) +3.12%
🛢 Baytex Energy Corp (BTE-T) +2%
🥇 Iamgold Corp (IMG-T) -9.5%
⛏ Fortuna Silver Mines (FVI-T) -8.57%
