Stocks, yields climb, oil flat
The trading week began on a relatively quiet note with stocks edging up in Toronto and New York while crude oil was flat. The TSX added 20 points to remain just below 20,000 as Canadian sectors were mixed. Energy stocks were the strongest while real estate and consumer staples were the weakest.
Key movers included CNQ up 2.37%, Northwest Healthcare REIT at -8.7% after cutting its dividend, Tilray 6.83%, Denison Mines 5.94% and Dye & Durham -4.44%. WTI crude hovered around $90 a barrel.
On Wall Street, the main indices enjoyed modest gains with the S&P closing 0.4% higher, the Nasdaq 0.45%, and the Dow adding 0.13% to return to 34,000. The U.S. 10-year yield edged up to 4.544%. Major movers were Amazon up 1.67%, GE Healthcare at 3.34%, Warner Bros. Discovery -3.96% despite the Writers Guild of America announcing a tentative agreement that may end its strike, Norwegian Cruise Line -3.07% and Williams-Sonoma surging 11.63% on receiving some private investment.
🛢 Canadian Natural Rsrcs (CNQ-T) +2.37%
🏛 NorthWest Health Prop Real Est Inv Trust (NWH.UN-T) -8.7%
🌿 Tilray Inc. (TLRY-Q) +6.83%
⛏ Denison Mines Corp (DML-T) +5.94%
💾 Dye & Durham (DND-T) -4.44%
📦 Amazon.com, Inc. (AMZN-Q) +1.67%
👨⚕️ GE HealthCare (GEHC-Q) +3.34%
📺 Warner Bros. Discovery (WBD-Q) -3.96%
🚢 Norwegian Cruise Line Holdings (NCLH-N) -3.07%
🛍 Williams-Sonoma Inc. (WSM-N) +11.63%
