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.
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%
🌿 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%
🛍 Williams-Sonoma Inc. (WSM-N) +11.63%