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Markets extend losses

Allan Tong Posted On July 18, 2024
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Bay and Wall streets continued to sell off on Thursday to extend losses of the previous session. This time, though, the Dow ended its record-breaking winning streak and closed -1.29% while the S&P finished -0.78% and the Nasdaq -0.7%. The U.S. 10-year yield reversed its downside by climbing nearly to 4.2%.

Major movers: homebuilder DR Horton soared 10.1%, Nvidia regained 2.63%, and Intel 1.19%, but Eli Lilly ended the day -6.26% and Domino’s Pizza -13.57%. Bitcoin retreated 0.65% to US$63,600.

Similarly, the TSX closed Thursday at -0.54% as healthcare and discretionary ranked among the laggards. Also losing ground were Hudbay Minerals at -7.54%, Lundin -6.13% and Interfor -5.97%. Winners included Algoma Steel up 5.29% and StorageVault at 4.73%. Gold slipped US$13 to US$2,445 as WTI gave back 0.5% to US$82.40.

🧱 D R Horton Inc. (DHI-N) +10.1%

💾 NVIDIA Corporation (NVDA-Q) +2.63%

💾 Intel (INTC-Q) +1.19%

🧫 Eli Lilly & Co. (LLY-N) -6.26%

🍕 Domino’s Pizza, Inc. (DPZ-N) -13.57%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.65%

⛏ Hudbay Minerals (HBM-T) -7.54%

⛏ Lundin Mining Corp. (LUN-T) -6.13%

🌲 Interfor Corp (IFP-T) -5.97%

⛓ Algoma Steel Group Inc (ASTL-T) +5.29%

🚚 StorageVault Canada (SVI-T) +4.73%

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