Tech rallies, but markets mixed

AI names such as Western Digital jumped 6.09% on Monday and Nvidia gained 1.35%, but markets in New York and Toronto were mixed to begin the week. The Nasdaq rallied 1.11% and the S&P 0.41%, but the Dow slipped 0.07% while the TSX tumbled 0.69% or nearly 250 points. Energy was the only bright spot on Bay Street while telcos, utilities and real estate sold off the most. Worries over inflation and yields persisted after energy prices continued to climb. WTI rose 2.5% to US$103.90. The U.S. 10-year yield inched up to 5.144%.

Major names in New York included Cleveland-Cliffs soaring 16.05%, but Mosaic ended the session 4.78%, Honeywell Aerospace -3.33% and Constellation Energy -3.01%. In Toronto: Enbridge -2.13%, TC Energy -1.56%, Telus -1.85%, Air Canada -3.23% and Kelt Exploration 3.14%. In minerals, silver held at US$59.90 while gold inched down by US$26 to US$4,138. Bitcoin advanced 1.3% to US$81,915.

💾 Western Digital (WDC) +6.09%

💾 NVIDIA Corporation (NVDA) +1.35%

⛏ Cleveland-Cliffs Inc. (CLF) +16.05%

🌿 Mosaic Company (The) (MOS) -4.78%

🧬 Honeywell Aerospace (HONA) -3.33%

💡 Constellation Energy (CEG) -3.01%

🛢 Enbridge (ENB.TO) -2.13%

🛢 TC Energy (TRP.TO) -1.56%

📱 Telus Corp (T.TO) -1.85%

🛫 Air Canada (AC.TO) -3.23%

🛢 Kelt Exploration (KEL.TO) +3.14%

🅱 Bitcoin (BTCUSD) (BTC-USD) +1.3%