As more oil tankers are attacked in the Strait of Hormuz during the US-Israel-Iran war, markets struggled to make gains on Wednesday. The S&P finished -0.08%, the Nasdaq up by that much, the Dow -0.61% and the TSX -0.46% or down more than 150 points. The IEA released a record 400 million barrels of oil from its strategic reserves to bring down oil prices. WTI rose 5.75% to US$88.25. Gold slipped US$15 to US$5,177 and silver declined 2.8% to US$85.75.<\/p>\n\n\n\n
In Toronto, energy stocks spiked, but tech, staples and materials led eight sectors down. Key names: CNQ<\/a> 3.33%, Cenovus<\/a> 4.58%, Telus<\/a> -3.11%, Goeasy<\/a> -18.2% and Constellation Software<\/a> -8.12%. In addition to oil, fertilizer is blocked from entering the Strait of Hormuz; Mosaic<\/a> soared 10.08%. Elsewhere in New York, Oracle<\/a> rallied 9.18%, Conagra Brands<\/a> closed -6.08%, Campbell’s<\/a> -7.05%, and Fair Isaac<\/a> -9.33%. Bitcoin<\/a> added 0.33% to US$70,480 while the U.S. 10-year yield held at 4.22%.<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> +3.33%<\/p>\n\n\n\n 🛢 Cenovus Energy (CVE-T)<\/a> +4.58%<\/p>\n\n\n\n 📱 Telus Corp (T-T)<\/a> -3.11%<\/p>\n\n\n\n 🛍 goeasy (GSY-T)<\/a> -18.2%<\/p>\n\n\n\n 💾 Constellation Software Inc. (CSU-T)<\/a> -8.12%<\/p>\n\n\n\n 🌿 Mosaic Company (The) (MOS-N)<\/a> +10.08%<\/p>\n\n\n\n 💻 Oracle (ORCL-N)<\/a> +9.18%<\/p>\n\n\n\n 🍱 ConAgra Foods (CAG-N)<\/a> -6.08%<\/p>\n\n\n\n 🥫 Campbell Soup Company (CPB-N)<\/a> -7.05%<\/p>\n\n\n\n