TSX hits high as Wall Street fades

WTI crude jumped 4.6% as tensions in the Middle East rose Wednesday after reports that the U.S. will evacuate its Iraqi embassy in Iraq, given heightened security concerns. WTI nearly touched US$68 a barrel and was instrumental in lifting the TSX 97 points to 26,524, a new high for the Canadian index. Consumer discretionary and tech also rallied, while staples lagged the most.

Major movers: Baytex 3.19%, Whitecap Resources 3.28%, Celestica 5.04%, Methanex 5% and Dollarama 9.8% after a strong report. Gold rose US$29 to US$3,353.

It was a different story on Wall Street where the S&P sank 0.27%, the Nasdaq fell 0.5% and the Dow was flat. Trade talks between the U.S. and China continued. Even a slightly better-than-expected inflation number for May (2.4% vs. 2.3% in April), didn’t lift sentiment. Major movers: Warner Bros. Discovery popped 5%, Starbucks 4.33%, GE Vernova 3.9%, Intel -6.34% and Nucor -6.06%. The U.S. 10-year yield edged down to 4.418% while Bitcoin slipped 1% to US$108,900.

🛢 Baytex Energy Corp (BTE-T) +3.19%

🛢 Whitecap Resources (WCP-T) +3.28%

🧬 Celestica Inc (CLS-T) +5.04%

🧫 Methanex Corp (MX-T) +5%

🛒 Dollarama Inc. (DOL-T) +9.8%

📺 Warner Bros. Discovery (WBD-Q) +5%

☕ Starbucks (SBUX-Q) +4.33%

⚙ GE Vernova (GEV-N) +3.9%

💾 Intel (INTC-Q) -6.34%

⛓ Nucor Corp. (NUE-N) -6.06%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1%