Wall St. and tech gain, oil and TSX lag
On Thursday, higher than expected crude oil supplies pressured the price of WTI by 4.3% down to $69.50 a barrel. In turn, the TSX declined 0.66%. Only staples and industrials gained on Bay Street as energy and discretionary led the remaining sectors down.
Notable gainers were Empire up 4% and BlackBerry by 2.51% while Baytex closed -6.78%, Suncor -2.79% and Cenovus -3.12%.
In contrast, Wall Street enjoyed a mild rebound as the S&P rose 0.37% to nearly 34,000, the Nasdaq added 0.95%, while the Dow was flat, bubbling just below 34,000. Tech led the American rally with Amazon jumping 4.29% and Palo Alto 3.93%. Elsewhere, FedEx regained nearly 3% after losing ground the previous session on a mixed quarter, and the Bank of America slumped 2.15%. The U.S. 10-year yield ticked up to 3.79% as Bitcoin added 0.5% to $30,200.
🍱 Empire Company (A) (EMP.A-T) +4%
📱 BlackBerry (BB-T) +2.51%
🛢 Baytex Energy Corp (BTE-T) -6.78%
🛢 Suncor Energy Inc (SU-T) -2.79%
🛢 Cenovus Energy (CVE-T) -3.12%
📦 Amazon.com, Inc. (AMZN-Q) +4.29%
💾 Palo Alto Networks (PANW-N) +3.93%
📦 FedEx (FDX-N) +3%
🏛 Bank of America (BAC-N) -2.15%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.5%
