{"id":226996,"date":"2021-05-17T18:08:40","date_gmt":"2021-05-17T22:08:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=226996"},"modified":"2021-05-17T18:08:40","modified_gmt":"2021-05-17T22:08:40","slug":"tsx-and-commodities-up-wall-st-down","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-and-commodities-up-wall-st-down\/","title":{"rendered":"TSX and commodities up, Wall St. down"},"content":{"rendered":"

Commodities, especially oil, kept the TSX in the green to start the week, while the American indices declined. The TSX closed 0.5% up as energy and materials popped nearly 3%. The prices of WTI and WSC crude both rose nearly 1.5%. Cenovus Energy<\/a> climbed 2.77% in brisk trading. However, the biggest gainer in Toronto was Western Copper and Gold<\/a>, which soared over 25% after Rio Tinto announced it was pouring $25.6 million into a Yukon project run by WRN-T. There was a gold rush on the TSX as the miners rallied. Also making headlines was Whitecap Resources<\/a>, which jumped 5.88% after raisingits dividend 8% upon closing its Kicking Horse deal.<\/p>\n

There was plenty of news on Wall Street, too, on Monday. AT&T and Discovery announced a blockbuster US$43 billion merger in which WarnerMedia will be spun off and combined with Discovery to create a new standalone media company. Many details need to be ironed out, but it’s clear that the new entity is intended to compete with Netflix and Disney+. AT&T<\/a> shares sagged 2.7% while Discovery (A)<\/a> slid 5%. That didn’t help the Nasdaq which closed -0.38%, though all the American indices finished well off their morning lows, though. The Dow closed -0.16% and the S&P -0.25%.<\/p>\n

Action was mixed with American Airlines<\/a> climbing 4.24%, but Disney<\/a> sagging over 2%. Chipmakers Seagate<\/a> and Western Digital<\/a> both surged 6.3% while Tesla<\/a> slipped 2.19%. Speaking of which, Elon Musk’s weekend tweets about selling and not selling Bitcoin spun the crypto up and down like a yo-yo. By the Monday close, Bitcoin<\/a> sank 3% to $44,000. Meanwhile, the 10-year U.S. yield climbed 15% to 1.64%.<\/p>\n

🛢 Cenovus Energy<\/a> +2.77%
\n⛏ Western Copper<\/a> +25%
\n🛢 Whitecap Resources<\/a> +5.88%
\n📱 AT&T<\/a> -2.7%
\n📺 Discovery, Inc.<\/a> -5%
\n🛫 American Airlines Group<\/a> +4.24%
\n👸 Walt Disney<\/a> -2%
\n💾 Seagate Technology<\/a> +6.3%
\n💿 Western Digital<\/a> +6.3%
\n🚗 Tesla Motors Inc<\/a> -2.19%
\n🅱 The Bitcoin Fund<\/a> -3%<\/p>\n","protected":false},"excerpt":{"rendered":"

Commodities, especially oil, kept the TSX in the green to start the week, while the American indices declined. The TSX closed 0.5% up as energy and materials popped nearly 3%. The prices of WTI and WSC crude both rose nearly […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-226996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/226996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=226996"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/226996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=226996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=226996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=226996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}