360°
Spreadsheet
As megatech earnings marched on, the latest U.S. GDP number came in weaker than expected while inflation was higher. Add to this a disappointing report from Meta (-10.57% for the session) and Wall Street saw a broad sell-off on Thursday, though it eased into the close. When the dust settled, the S&P finished the day -0.45%, the Nasdaq -0.63% and the Dow -0.98%. However, the U.S. 10-year yield spiked to 4.7%.
Other major movers were Newmont popping 12.46%, Bristol Myers at -8.51%, IBM -8.25% and Caterpillar -7.02%. After the bell, Alphabet and Microsoft reported and both rallied sharply. Bitcoin added 0.5% to US$64,560.
In contrast, the TSX was flat, adding 16 points, though most sectors declined. Materials and energy performed the best, while tech and real estate fell the most. Notable names: Teck Resources 8.71%, Bank of Nova Scotia -1.51%, Mullen Group -9.08%, Bombardier 8.32% and StorageVault -6.11%. WTI added $1 to US$83.80 while gold edged up to US $2,333.
🕵️♂️ Meta Platforms Inc / Facebook (META-Q) -10.57%
🥇 Newmont Goldcorp (NGT-T) +12.46%
🧫 Bristol Myers Squibb (BMY-N) -8.51%
💾 IBM Common Stock (IBM-N) -8.25%
⚙ Caterpillar (CAT-N) -7.02%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.5%
⛏ Teck Resources Ltd. (B) (TECK.B-T) +8.71%
🏛 Bank of Nova Scotia (BNS-T) -1.51%
🚚 Mullen Group Ltd (MTL-T) -9.08%
💣 Bombardier Inc (B) (BBD.B-T) +8.32%
🚚 StorageVault Canada (SVI-T) -6.11%
