TSX flat, tech climbs amid earnings
Tuesday saw the TSX shed only 0.09% as sectors were mixed . Materials led, but financials and staples lagged.
Banks gave back some recent gains, including Royal at -1.55% in the heaviest trading and Bank of Nova Scotia by -2.61%. Elsewhere, TC Energy closed -4.7%, Hudbay Minerals rallied 8.2% and Capstone Copper jumped 6.1%. WTI crude rose more than 1% to approach $80 a barrel to extend its current run.
Wall Street was focused on major tech earnings. The S&P closed 0.28% higher, the Nasdaq 0.61%, and the Dow 0.08%. In heavy trading were Tesla which closed -1.54 and Intel which gained 1.4%. Bank of America finished the day -1.53% while MSCI popped 9.04%. After hours saw a flurry of tech earnings reports, including Snap which plunged, though Alphabet rallied. The U.S. 10-year yield climbed to 3.888% while Bitcoin inched up 0.3% to $29,200. All eyes are awaiting the U.S. Fed’s next rate decision and comments tomorrow afternoon.
🏛 Royal Bank (RY-T) -1.55%
🏛 Bank of Nova Scotia (BNS-T) -2.61%
🛢 TC Energy (TRP-T) -4.7%
⛏ Hudbay Minerals (HBM-T) +8.2%
⛏ Capstone Copper Corp (CS-T) +6.1%
🚗 Tesla Inc (TSLA-Q) -1.54%
💾 Intel (INTC-Q) +1.4%
🏛 Bank of America (BAC-N) -1.53%
🏛 MSCI Inc. (MSCI-N) +9.04%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.3%
