Thursday markets recover early losses
North American stocks were extending losses from previous sessions until they modestly rallied late in the day. The TSX closed 0.24% on the strength of all sectors except tech. The most active names were Athabasca Oil up 2.51%, Denison Mines jumping 10.4%, Baytex up 3.6% and Cenovus by 2.42%.
Heading south were cannabis names Tilray at -10.55% and Aurora at -6.75% as well as tech name Lightspeed at -3.7%. Crude oil inched up only marginally with WTI adding 0.75% to $97 a barrel and WCS up 0.25% to $83.60.
The TSX closed on session highs, but again, it was a different story on Wall Street. The indices were in the red Thursday until the final hours: the S&P 0.43%, the Nasdaq 0.06% and the Dow 0.25%. Healthcare continued to be strong with Thermo Fisher adding 4.22%. Also, Costco rose 3.98%, Target 5.67% and Constellation Brands 4.61%. Losses were less pronounced than previous days with Etsy closing -3.6%, Penn National -3.25%, though Twitter gave back 5.4% after its huge surge earlier this week. Real estate, financials and communications were weak, though consumer and tech showed some strength. The U.S. 10-year inched up to 2.64%.
🛢 Athabasca Oil Sands Corp (ATH-T) +2.51%
⛏ Denison Mines Corp (DML-T) +10.4%
🛢 Baytex Energy Corp (BTE-T) +3.6%
🛢 Cenovus Energy (CVE-T) +2.42%
🌿 Tilray Inc. (TLRY-Q) -10.55%
🌿 Aurora Cannabis (ACB-T) -6.75%
💾 Lightspeed Commerce Inc (LSPD-T) -3.7%
🧬 Thermo Fisher Scientific (TMO-N) +4.22%
🛒 Costco Wholesale (COST-Q) +3.98%
🛒 Target Corp (TGT-N) +5.67%
🌠 Constellation Brands Inc (STZ-N) +4.61%
🛍 Etsy Inc. (ETSY-Q) -3.6%
♠ Penn National Gaming Inc (PENN-Q) -3.25%
🐦 Twitter, Inc (TWTR-N) -5.4%
