TSX climbs, Wall Street mixed

Allan Tong Posted On January 4, 2024

The TSX enjoyed modest gains on Thursday as industrials and financials led most sectors higher while energy lagged.

Notable names included Parkland up 3.71%, Nuvei 3.48%, Baytex -2.42%, Cenovus -3.57% and Silvercrest Metals advancing 2.98%. WTI crude slipped 0.4% to $72.40.

The picture was more mixed on Wall Street as the S&P was flat, down five points, the Dow added 0.25%, but the Nasdaq sank for a fifth-straight session, shedding 0.27%. As investors continued to take profits from big tech while bearish worries over interest rate cuts lingered. Apple received another analyst downgrade and declined 1.12%. Amazon closed -2.05%, Dollar General 2.79% and Pfizer -1.93%. Walgreens sank 5.38% after slashing its dividend. Meanwhile, the U.S. 10-year yield continued to climb, nearly returning to 4.0% as Bitcoin rebounded 3.65% to US$44,400. Markets will be watching for the latest U.S. jobs report right before Friday’s opening bell.

🚚 Parkland Fuel Corp (PKI-T) +3.71%

💾 Nuvei Corp (NVEI-T) +3.48%

🛢 Baytex Energy Corp (BTE-T) -2.42%

🛢 Cenovus Energy (CVE-T) -3.57%

⛏ SilverCrest Metals Inc (SIL-T) +2.98%

🍎 Apple Inc (AAPL-Q) -1.12%

📦 Amazon.com, Inc. (AMZN-Q) -2.05%

🛒 Dollar General Corp. (DG-N) +2.79%

💉 Pfizer Inc (PFE-N) -1.93%

💊 Walgreen Boots Alliance (WBA-Q) -5.38%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.65%