TSX hits record
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The TSX played catch-up after Victoria Day and set a record close of 19,564 by rising 0.19% on Tuesday. However, the Toronto index and the main American ones closed on weakness. The S&P and Dow finished below -0.2% while the Nasdaq dipped into the red by the closing bell. The U.S. indices were positive for most of the session. However, they did rally strongly on Monday.
In Toronto, tech, industrials and staples led while energy lagged. Regional airline Chorus Aviation soared 7.85%, Aurora Cannabis popped 6% while tech newcomer Nuvei jumped 5.11%. On the downside, Cargojet closed at -3.83%, Finning International -4.17% and Teck Resources (B) at -3.48%. Steelmaker Algoma Central captured the biggest headlines by merging with Legato to go public on Wall Street. Algoma shares rose 2.16%.
Speaking of America, energy, financials and industrials lagged on the Dow. Underperformers included Amgen at -2.32%, Seagate -4.74% and Nucor -3.2%. Troubled EV-maker Lordstown Motors crashed 7.45% after telling investors it needed more capital and it offered weaker guidance. Vimeo debuted on Nasdaq, but closed 5.65% below its opening price. On the upside, Royal Caribbean sailed upwards by 3.65% while Norwegian Cruise Line was close behind. Meanwhile, gold edged up 1% to $19,000, WTI finished flat in a choppy session and WCS climbed 0.6%. As for Bitcoin, it tumbled over 3%, while the U.S. 10-year hovered around 1.56%.
🛫 Chorus Aviation Inc +7.85%
🌿 Aurora Cannabis +6%
💳 Nuvei Corp +5.11%
🛫 Cargojet Inc -3.83%
🏗 Finning Int -4.17%
⛏ Teck Resources Ltd. (B) -3.48%
🐻 Algoma Central Corp. +2.16%
🧬 Amgen Inc. -2.32%
💾 Seagate Technology -4.74%
🥈 Nucor Corp. -3.2%
🚗 Lordstown Motors Corp. -7.45%
📺 Vimeo -5.65%
🚢 Royal Caribbean Cruises +3.65%
🅱 The Bitcoin Fund -3%
