Markets extended last week’s brutal losses Monday morning as Trump’s across-the-board tariffs continued to hammer stocks, but there were signs of positivity by the close. Rumours of a tariff pause mid morning actually saw markets jolt into the green before those reports were discredited. There were wild intraday swings, with the S&P ranging 400 points. However, the major indices in New York and Toronto closed off weakness, and even the Nasdaq closed positive, albeit up 0.1%. The S&P finished -0.23% and the Dow -0.91%. <\/p>\n\n\n\n
Surprisingly, Nvidia<\/a> rallied 3.53% as the most-influential name, and Super Micro Computer<\/a> jumped 10.66%. Elsewhere, Stanley Black & Decker<\/a> closed -5.74%, DR Horton<\/a> -5.52% and AutoZone<\/a> -4.79%. The U.S. 10-year yield edged up to 4.2% while Bitcoin edged up US$700 to US$78,950.<\/p>\n\n\n\n The TSX sank 1.44%, weighed down by tariffs but also the sinking price of oil due to OPEC+ raising output. Only tech and one other sector enjoyed gained. Most active on Bay Street were TD<\/a> at -2.28%, CNQ<\/a> -3.57% and the Bank of Nova Scotia<\/a> -4.6%. Elsewhere, the TMX Group<\/a> was -5.85% and Celestica<\/a> jumped 6.48%, to be a rare green shoot in an ocean of red. Gold sank US$54 to below US$3,000 as WTI crude slipped US$1 to US$61. Market sentiment remained bearish, if not cautious, by the close, but losses were far lower than in previous sessions.<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +3.53%<\/p>\n\n\n\n 💾 Super Micro Computer\u00a0(SMCI-Q)<\/a> +10.66%<\/p>\n\n\n\n 🔌 Stanley Works, The\u00a0(SWK-N)<\/a> -5.74%<\/p>\n\n\n\n 🔨 D R Horton Inc.\u00a0(DHI-N)<\/a> -5.52%<\/p>\n\n\n\n 🚗 Autozone Inc.\u00a0(AZO-N)<\/a> -4.79%<\/p>\n\n\n\n 🏛 Toronto Dominion\u00a0(TD-T)<\/a> -2.28%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -3.57%<\/p>\n\n\n\n 🏛 Bank of Nova Scotia\u00a0(BNS-T)<\/a> -4.6%<\/p>\n\n\n\n