TSX advances, Wall Street and yields decline
As the investing world mourned the loss of investing legend, Charlie Munger, stocks on Wall Street ticked down modestly even as the U.S. 10-year yield declined to 4.263% after U.S. GDP in Q3 was revised up from 4.9% to 5.2%. Despite this optimism, the S&P shed four points, the Dow 13 and the Nasdaq retreated 0.16%.
Key movers on Wall Street were Bank of America up 2.64%, GM soaring 9.38%, Schwab at 6.81%, Humana -5.49% and Las Vega Sands -4.87%. Meanwhile, Bitcoin also lost a little ground by trading around $37,700.
In contrast, the TSX gained 0.47% as financials and industrials led most sectors into the green. Staples was a rare loser. Major movers on Bay Street were First Quantum Minerals which tanked over 10% after the Chilean government shut down their mine, CNQ added 1.62%, Osisko Mining rallied 6.6% and the Bank of Nova Scotia recovered 3.72% of its major loss the day before on disappointing earnings. WTI rose 1.7% to $77.70 ahead of the delayed OPEC+ meeting.
🏛 Bank of America (BAC-N) +2.64%
🚘 General Motors Corporation (GM-N) +9.38%
🏛 Charles Schwab Corp (SCHW-N) +6.81%
👨⚕️ Humana Inc (HUM-N) -5.49%
♠ Las Vegas Sands Corp. (LVS-N) -4.87%
⛏ First Quantum Minerals (FM-T) -10%
🛢 Canadian Natural Rsrcs (CNQ-T) +1.62%
⛏ Osisko Mining (OSK-T) +6.6%
🏛 Bank of Nova Scotia (BNS-T) +3.72%
