The annual U.S. inflation rose crept up to 2.7% in June, after posting 2.4% in May. The second-straight month of rising American prices made Wall Street jittery and sold off across all three major indices. The S&P closed -0.3%, the Nasdaq -0.38% and the Dow -0.46%. Meanwhile, earnings remained the focus. <\/p>\n\n\n\n
Corning<\/a> beat and shares shot up 11.86%. Novo Nordisk<\/a> slashed its outlook and its shares crashed by 21.83%. After the close, Spotify<\/a> reported a miss and tanked 11.55%. Elsewhere, UPS<\/a> was -10.57% and Carrier Global<\/a> -10.61%. The U.S. 10-year yield ticked down to 4.324%. Bitcoin<\/a> slipped 0.4% to US$117,565.<\/p>\n\n\n\n In contrast, the TSX beat last Friday’s record high by climbing 0.49% to 27,539. Nearly all sectors rallied, led by tech, real estate and healthcare. Financials were flat. Earnings and forecast dominated headlines on Bay Street as much as on Wall Street. Celestica<\/a> reported a slam-dunk quarter and its shares soared 16.92%. BRP<\/a> rallied 7.88%, Colliers<\/a> 6.6% and New Gold<\/a> 5.49%. However, Air Canada saw net income plunge by half in Q2 due to Canadians boycotting travel to the U.S., and AC<\/a> shares cratered 12.25%. Focus remains on whether the U.S. can reach trade agreements with Canada and China by the August 1 deadline. Meanwhile, the U.S. Fed will make its next rate decision on Wednesday.<\/p>\n\n\n\n 🧬 Corning Inc (GLW-N)<\/a> +11.86%<\/p>\n\n\n\n 🧫 Novo-Nordisk (NVO-N)<\/a> -21.83%<\/p>\n\n\n\n 🎧 Spotify Technology (SPOT-N)<\/a> -11.55%<\/p>\n\n\n\n 📦 United Parcel Services (UPS-N)<\/a> -10.57%<\/p>\n\n\n\n ⚙ Carrier Global Corporation (CARR-N)<\/a> -10.61% <\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.4%<\/p>\n\n\n\n 🧬 Celestica Inc (CLS-T)<\/a> +16.92%<\/p>\n\n\n\n ⚙ BRP INC. (DOO-T)<\/a> +7.88%<\/p>\n\n\n\n 🏛 Colliers International Group (CIGI-T)<\/a> +6.6%<\/p>\n\n\n\n