Tepid stocks, cryptos retreat
The trading week began on a quiet note with the TSX shedding 24 points and the American indices modestly gaining ahead of the U.S. Fed meeting starting tomorrow. Sectors were mixed on Bay Street with financials and industrials leading gains, but discretionary, energy and materials lagging.
Notable names were Suncor at -1.63%, Manulife up 3.21%, ATS Corp at 3.02%, Gildan -10.86% and Lithium Americas at -8.86%. WTI edged up by 0.3% to $71.50.
The S&P added 0.38%, the Nasdaq 0.15% and the Dow 0.41%. Tech and communications made the largest moves: AMD rallying 4.25%, Nvidia -2%, Intel up 4.57%, Broadcom 8.86% and Paramount Global -3.65%. Though the U.S. 10-year yield held around 4.235%, but Bitcoin sank 6.3% to $41,000. The market is essentially on a holding pattern until the Fed meeting.
🛢 Suncor Energy Inc (SU-T) -1.63%
🏛 Manulife Financial (MFC-T) +3.21%
🏗 ATS Corp +3.02%
👕 Gildan Activewear Inc. (GIL-T) -10.86%
⛓ Lithium Americas Corp (LAC-T) -8.86%
💾 Advanced Micro Devices (AMD-Q) +4.25%
💾 NVIDIA Corporation (NVDA-Q) -2%
💾 Intel (INTC-Q) +4.57%
🧬 Broadcom (AVGO-Q) +8.86%
🎞 Paramount Global (PARA-Q) -3.65%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -6.3%
