TSX pauses, Wall Street climbs
After rallying over the last two weeks, the TSX gave back 0.52%. Only financials gained as a component as staples and tech took it on the chin. Major movers to the downside included Shopify at -4.37%, lumber names like Interfor -3.96% and Western Forest Products -3.48%, and cannabis including Tilray at -3.07%. Climbing were banks, such as Laurentian by 2.39%, and metal names including Silvercrest up 6.11% and Sierra by 3.4%. The oil stocks were own, the price of WTI rose 1% to around $84.60 and WCS added 1.5% to nearly $69.
A deluge of heavy earnings and ongoing optimism drove markets hiring on Wall Street. The Dow barely made another record close as it rose only 0.04% while the S&P added 0.18% and the Nasdaq was flat, gaining nine points. Top movers to the upside: UPS 6.95% on strong earnings, Nvidia 6.7%. Losing ground: Lockheed Martin at -11.8%, Corning -5.26%, Universal Health Services -5.62% and Facebook at -3.92%, which has been a magnet of negative sentiment as it just issued a mixed quarter. After the bell, there was a deluge of earnings from Microsoft, Alphabet, AMD, Visa and others, mostly positive which helped lift the futures. Lastly, Bitcoin ticked down 1% to $62,000 while gold slipped below $1,800 an ounce.
🛍 Shopify Inc. (SHOP-T) -4.37%
🌲 Interfor Corp (IFP-T) -3.96%
🌲 Western Forest Products Inc. (WEF-T) -3.48%
🌿 Tilray Inc. (TLRY-Q) -3.07%
🏛 Laurentian Bank (LB-T) +2.39%
⛏ SilverCrest Metals Inc (SIL-T) +6.11%
⛏ Sierra Metals +3.4%
📦 United Parcel Services (UPS-N) +6.95%
💿 Nvidia Corp (NVDA-Q) +6.7%
✈ Lockheed Martin (LMT-N) -11.8%
👁🗨 Corning Inc (GLW-N) -5.26%
👨⚕️ Universal Health Services (UHS-N) -5.62%
🕵️♂️ Facebook (FB-Q) -3.92%
🅱 Bitcoin Cash (CRYPTO:BCH) -1%
