Wall Street stabilizes, TSX declines

A day after the sharpest sell-off of the year (so far), the major U.S. indices stabilized by partially regaining some of the ground they lost on Monday. The Nasdaq rose 1.15%, the Dow 0.8% to 39,000 and the S&P 1.07%.

Nvidia recovered 3.89% though Intel slipped 1.59% as the two most-active names. Uber reported and soared 10.89% as Royal Caribbean Cruises 7.59% higher and Constellation Energy jumped 6.62%. The U.S. 10-year-yield edged up to 3.899% as Bitcoin rose 4.2% to US$56,650.

As expected, the TSX lost ground Tuesday in a delayed reaction to Monday’s global rout (the TSX was closed Monday for a holiday). However, the Canadian index lost only 0.98% and stayed above 22,000. Key movers: TD -1.7%, Algoma Steel -7.03%, Osisko Mining -6.92%, Innergex Renewable 2.66% and Quebecor 2.55%. Gold shed US$22 to US$2,387 while WTO held at US$73 a barrel. Japan’s Nikkei Index jumped over 10%, recovering most of its Monday losses.

💾 NVIDIA Corporation (NVDA-Q) +3.89%

💾 Intel (INTC-Q) -1.59%

🚕 Uber (UBER-N) +10.89%

🚢 Royal Caribbean Cruises (RCL-N) +7.59%

💡 Constellation Energy (CEG-Q) +6.62%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +4.2%

🏛 Toronto Dominion (TD-T) -1.7%

⛓ Algoma Steel Group Inc (ASTL-T) -7.03%

⛏ Osisko Mining (OSK-T) -6.92%

♻ Innergex Renewable Energy (INE-T) +2.66%

📰 Quebecor Inc (B) (QBR.B-T) +2.55%