Tech leads sell-off

After hitting recent highs, tech stocks sold off hard on Tuesday, fed by valuation concerns. Nvidia ended the day -3.96%, Palantir -7.94%, Intel -6.25% and Tesla -5.15% Also sliding was Norwegian Cruise Line at -15.28% which set a revenue record, but still disappointed the street with its quarter. All the U.S. indices sank: S&P -1.17%, Nasdaq -2.04% and the Dow -0.53%. Bitcoin tumbled 6.66% to US$99,815 while the U.S. 10-year yield held around 4.085%.

Similarly, the TSX lost 1.64% or nearly 500 points as all sectors but staples declined. Tech and materials suffered the biggest losses. Major movers: B2gold -6.03%, CNQ -1.6%, TD 1-1.41%, New Gold -8.99% and Pet Valu after reporting a mixed quarter and dour forecast. Gold declined US$70 to US$3,931 while WTI fell 1.1% to US$60.35.

💾 NVIDIA Corporation (NVDA-Q) -3.96%

💾 Palantir Technologies (PLTR-Q) -7.94%

💾 Intel (INTC-Q) -6.25%

🚗 Tesla Inc (TSLA-Q) -5.15%

🚢 Norwegian Cruise Line Holdings (NCLH-N) -15.28%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -6.66%

🥇 B2Gold Corp. (BTO-T) -6.03%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.6%

🏛 Toronto-Dominion Bank (TD-T) -1.41%

🥇 New Gold Inc. (NGD-T) -8.99%