Nasdaq hits highs on mixed Monday
The trading week began with mild losses on Bay Street and mild gains on Wall Street, but a record close for the Nasdaq. The tech-heavy index climbed 98 points to 21,798 while ongoing market jitters drove gold to ever-new highs of US$3,636. Major movers in New York included Uber up 3.7%, Take-Two Interactive 3.8%, Norwegian Cruise Line -4.4%, Broadcom 3.21% and CVS -4.77%. Meanwhile, the U.S. 10-year yield continued to sink, down to 4.047%, with the street expecting an interest cut this month.
Only materials and one other sector were in the green on Bay Street as the TSX slipped 28 points. Industrials and staples saw the deepest losses. Key names included BRP up 3.96%, Hudbay Minerals 3.35%, Parex Resources -3.41%, Canada Goose soaring 12.4% and MDA cratering 25.04% after losing a major contract. WTI addded 50 cents to US$63.35.
🚕 Uber (UBER-N) +3.7%
💾 Take-Two Interactive Softwar (TTWO-Q) +3.8%
🚢 Norwegian Cruise Line Holdings (NCLH-N) -4.4%
💾 Broadcom (AVGO-Q) +3.21%
👨⚕️ CVS Health Corp (CVS-N) -4.77%
🛍 BRP INC. (DOO-T) +3.96%
⛏ Hudbay Minerals (HBM-T) +3.35%
🛢 Parex Resources Inc. (PXT-T) -3.41%
🧣 Canada Goose Holdings (GOOS-T) +12.4%
🧬 MDA Ltd. (MDA-T) -25.04%
