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Home » Daily

TSX and Dow hit highs from energy and tech

Allan Tong Posted On October 25, 2021
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The trading week began on a positive note as markets climbed Monday into the finish. Though crude oil faded into the close, the TSX finished 0.32% to a new closing high of 21,284. Energy and materials rallied as telcos lagged, weighed by Rogers which tanked by 5.78% due to the ongoing feud within the Rogers family, the board and the company’s executives. Shaw Communications, which Rogers intends to buy, was dragged down by 2.44%.

Big gainers included Suncor, up 3%, Whitecap Resources jumping 4.6% and Cominar REIT which soared 12% after a consortium announced it was buying it. Mining names struck it rich, including Osisko by 6.61% and Lithium Americas by 6.48%. WTI crude slipped 0.21% but stayed above $83 per barrel, while WCS surrendered 1.6% to dip below $68.

Tech led the charge on Wall Street as Facebook reported after hours to kick off a heavy earnings week. The Dow hit a new record high by climbing 0.18% to 35,741, the S&P 0.47% and the Nasdaq 0.9%. Energy, healthcare and energy led, while consumer names and financials were mixed. Moving up were BioNTech by nearly 6%, Avis Budget Group at 5.17%, Martin Marietta Materials by 3.27% and Tesla which soared 12.66% to a $1-trillion market cap and a new high. In contrast, American Express closed -2.55%, Danaher -2.32% and Whirlpool -2.38% and Pinterest -12.71% after PayPal walked away from their deal. Lastly, Bitcoin climbed past $62,800.

📱 Rogers Communications (B) (RCI.B-T) -5.78%
📱 Shaw Communication (B) (SJR.B-T) -2.44%
🛢 Suncor Energy Inc (SU-T) +3%
🛢 Whitecap Resources (WCP-T) +4.6%
🏛 Cominar Real Estate Inv Tr (CUF.UN-T) +12%
⛏ Osisko Mining Inc (OSK-T) +6.61%
🥈 Lithium Americas Corp (LAC-T) +6.48%
🧫 BioNTech (BNTX-Q) +6%
🚘 Avis Budget Group (CAR-Q) +5.17%
🧱 Martin Marietta Materials (MLM-N) +3.27%
🚗 Tesla Motors Inc (TSLA-Q) +12.66%
💳 American Express (AXP-N) -2.55%
🩺 Danaher Corp. (DHR-N) -2.32%
🔌 Whirlpool Corp (WHR-N) -2.38%
📷 Pinterest (PINS-N) -12.71%

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