World markets sell on Russian aggression
Over the long weekend, Russia’s Vladimir Putin announced he would invade eastern Ukraine, which triggered a sell-off in world markets Tuesday. While North American futures were as down by as much as 3% overnight, Wall Street indices finished slightly better albeit remained in the red on Tuesday: the S&P -1.01%, the Nasdaq -1.23% and the Dow -1.42%. The selling touched virtually every sector.
Laggards included Ford at -4.16%, Tesla -4.14%, Home Depot -8.8%, and Pioneer Natural Resources -4.36%. Among the few gainers were Kraft Heinz up 5.04% and Medtronic at 3.12%. The U.S. 10-year yield remained below 2% at 1.94%.
The only winners on Tuesday were Bitcoin, up nearly 2.5% to $38,000 and crude oil. WTI marched over 1.4% to hover between $92-92 a barrel while WCS jumped over 2% to almost top $80. This helped the TSX limit its loses as the index closed -0.65%, right below 21,000. All sectors were in the red except real estate. Paramount Resources was among the few gainers, up. 7.7% while many REITs gained such as Dream Industrial up 3.13% and Summit Industrial at 2.52%. Losing ground were Kinross Gold at -5.12%, Canopy -6.73%, Hexo -9.09% and Magna -3.12%.
🚚 Ford Motor (F-N) -4.16%
🚗 Tesla Motors Inc (TSLA-Q) -4.14%
🛠 Home Depot (HD-N) -8.8%
🛢 Pioneer Natural Resources (PXD-N) -4.36%
🍅 Kraft Heinz Company (KHC-Q) +5.04%
🧫 Medtronic Inc (MDT-N) +3.12%
🅱 Bitcoin Cash (CRYPTO:BCH) +2.5%
🛢 Paramount Resources (POU-T) +7.7%
🏛 Dream Industrial REIT (DIR.UN-T) +3.13%
🏛 SUMMIT INDUSTRIAL INCOME REIT RCPTS (SMU.UN-T) +2.52%
🥇 Kinross Gold (K-T) -5.12%
🌿 Canopy Growth Corp. (WEED-T) -6.73%
🌿 Hexo Corp (HEXO-T) -9.09%
🚗 Magna Int’l. (A) (MG-T) -3.12%