Stocks on both sides of the border were under water for most of Tuesday, but rallied at the end. The TSX added 0.13%, the Dow 0.5% and the S&P 0.17% but many tech names lost ground as the Nasdaq gave back 0.5%. Meanwhile, the U.S. 10-year yield jumped 3.5% to 1.68%. In Toronto, materials and tech showed weakness, though the other components were in the green, most notably energy. WTI crude jumped 2.6% to nearly $79 per barrel while WCS added 3.6% to nearly $59. The big news in oil was that President Biden was releasing 50 million barrels to temper high gas prices and wider inflation.<\/p>\n
Naturally, the TSX’s biggest gainers included oil names, such as Crescent Point<\/a> by 6.57%, Cenovus<\/a> up 6.15% and Meg Energy<\/a> at 5.85%. Beyond oil, TD<\/a> leapt 2.43% and Denison Mines<\/a> soared 7.39%. In contrast, Lundin Mining<\/a> closed -3.27%, Hexo<\/a> lost nearly 6%, and Yamana Gold<\/a> finished at -3.71%. Gold dipped below $1,800 an ounce.<\/p>\n Back on Wall Street, energy, financials and real estate gained while consumer discretionary struggled. Goldman Sachs<\/a> climbed 2.57%, Bank of America<\/a> 2.64% and Marathon Oil<\/a> rallied 5.43%. However, Best Buy<\/a> reported that their margins are being squeezed, partly to customer theft, and tumbled 12.31%. Also, Tesla<\/a> slid 4.14%, cheesemaker Cracker Barrel lost 8.75% and Bed Bath & Beyond<\/a> tanked by 7.25%.<\/p>\n 🛢 Crescent Point Energy Corp (CPG-T)<\/a> +6.57% Stocks on both sides of the border were under water for most of Tuesday, but rallied at the end. The TSX added 0.13%, the Dow 0.5% and the S&P 0.17% but many tech names lost ground as the Nasdaq gave […]<\/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-254702","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\/254702","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=254702"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/254702\/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=254702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=254702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=254702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛢 Cenovus Energy (CVE-T)<\/a> +6.15%
\n🛢 MEG Energy Corp (MEG-T)<\/a> +5.85%
\n🏛 Toronto Dominion (TD-T)<\/a> +2.43%
\n⛏ Denison Mines Corp (DML-T)<\/a> +7.39%
\n⛏ Lundin Mining Corp. (LUN-T)<\/a> -3.27%
\n🌿 Hexo Corp (HEXO-T)<\/a> -6%
\n🥇 Yamana Gold Inc. (YRI-T)<\/a> -3.71%
\n🏛 Goldman Sachs (GS-N)<\/a> +2.57%
\n🏛 Bank of America (BAC-N)<\/a> +2.64%
\n🛢 Marathon Oil (MRO-N)<\/a> +5.43%
\n🛍 Best Buy Company Inc (BBY-N)<\/a> -12.31%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> -4.14%
\n🧀 Cracker Barrel -8.75%
\n🛏 Bed Bath & Beyond (BBBY-Q)<\/a> -7.25%<\/p>\n","protected":false},"excerpt":{"rendered":"