Thursday saw more losses in stocks in Toronto and New York to start the new year and halt the Santa Claus rally. The S&P closed -0.8%, the Nasdaq -1.18%, and the Dow -0.63%. Like the day before, there were losses across the board, starting with tech. <\/p>\n\n\n\n
Tesla<\/a> finished -3.87% and AMD<\/a> -2.41%. However, Eli Lilly<\/a> rallied 4.22% and Marathon Petroleum<\/a> 3.61% as oil rebounded. Meanwhile, the U.S. 10-year yield continued to inch up, reaching 3.91%. In contrast, Bitcoin<\/a> slid 5.2% to US$42,600.<\/p>\n\n\n\n On Bay Street, the TSX closed -0.26%. Only two sectors were positive, namely energy, while consumer discretionary and staples led the remaining sectors down. Notably, Baytex<\/a> rose 2.95%, First Majestic Silver<\/a> finished -7.02%, Magna<\/a> -5.62% and Cenovus<\/a> 2.76%. First Quantum Minerals<\/a> continued to make headlines as it jumped 11.03%. Ongoing Middle East tensions drove up the price of WTI crude by 3.75% to $73 a barrel.<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -3.87%<\/p>\n\n\n\n 💾 Advanced Micro Devices\u00a0(AMD-Q)<\/a> -2.41%<\/p>\n\n\n\n 💊 Eli Lilly & Co.\u00a0(LLY-N)<\/a> +4.22%<\/p>\n\n\n\n 🛢 Marathon Petroleum\u00a0(MPC-N)<\/a> +3.61%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -5.2%<\/p>\n\n\n\n 🛢 Baytex Energy Corp\u00a0(BTE-T)<\/a> +2.95%<\/p>\n\n\n\n 🥈 First Majestic Silver\u00a0(FR-T)<\/a> -7.2%<\/p>\n\n\n\n 🛢 Magna Int’l. (A)\u00a0(MG-T)<\/a> -5.62%<\/p>\n\n\n\n