Stocks slightly down, Bitcoin pops

Allan Tong Posted On February 26, 2024

After a week of record highs, the new trading week began with mild downside on Bay and Wall streets. The TSX closed Monday -0.33% as sectors were mixed. Tech and energy rallied, but dividend-paying sectors including real estate and utilities led the laggards.

Key names were Enbridge at -1.15%, CNQ 0.9%, Algonquin Power -3.23%, Celestica 3.35% and Orla Mining -8.15%. WTI crude rose 1.4% to $77.50.

The Wall Street indices were down, but also mildly so. The S&P closed -0.38%, the Nasdaq -0.13% to fall below 16,000, and the Dow -0.16%. The U.S. 10-year yield edged up to 4.278%, but Bitcoin jumped 5.5% to $54,600. Major movers were a mixed bag: Palo Alto 7.33%, Pfizer -2.09%, Tesla 3.87%, Alphabet (A class) -4.44% and Keycorp -4.07%. Canadian bank earnings begin Tuesday.

🛢 Enbridge (ENB-T) -1.15%

🛢 Canadian Natural Rsrcs (CNQ-T) +0.9%

💡 Algonquin Power & Utilities Corp (AQN-T) -3.23%

🧬 Celestica Inc (CLS-T) +3.35%

⛏ Orla Mining (OLA-T) -8.15%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +5.5%

💾 Palo Alto Networks (PANW-N) +7.33%

💉 Pfizer Inc (PFE-N) -2.09%

🚗 Tesla Inc (TSLA-Q) +3.87%

🧮 Alphabet Inc (GOOG-Q) -4.44%

🏛 Keycorp (KEY-N) -4.07%