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Investors remain optimistic that the U.S. and Iran will reach a peace agreement, and so investors continued to sell off oil on Wednesday. WTI sank US$4.50 to US$89.40 and helped drag down the TSX by 0.75%. Material also weighed on the Canadian index as silver slid 3% to U$74.55 and gold declined nearly U$50 to US$4,458. Only four sectors gained, led by staples. Key names: CNQ -2.19%, Baytex -3.1%, B2Gold -3.53%, Goeasy 6.42% and West Fraser Timber 4.39%.

In New York, both the S&P and Nadaq were flat, managing to gain only a handful of points while the Dow advanced 0.36%. The U.S. 10-year yield held at 4.481%. Micron continued its hot streak after ripping another 3.63%. AppLovin soared 10.42% on an upgrade. Meanwhile, MGM Resorts popped 9.1%, Boston Scientific tumbled 12.46% and Qualcomm sank 6.2%. Bitcoin declined US$750 to U$75,250.

🛢 Canadian Natural Rsrcs (CNQ.TO) -2.19%

🛢 Baytex Energy Corp (BTE.TO) -3.1%

🥇 B2Gold Corp. (BTO.TO) -3.53%

🏛 goeasy (GSY.TO) +6.42%

🌲 West Fraser Timber (WFG.TO) +4.39%

💾 Micron Technology (MU) +3.63%

💾 AppLovin Corporation (APP) +10.42%

♠ MGM Resorts International (MGM) +9.1%

🧫 Boston Scientific Corp (BSX) -12.46%

🧬 Qualcomm (QCOM) -6.2%

Wall Street reopened Tuesday following a holiday and played catch-up to Monday’s global rally. The S&P did by rallying 0.61% to a record close of 7,519, and the Nasdaq jumped 1.19% to its own high of 26,656. However, not everything rallied. The Dow sank 0.23%. Once again, tech led the gains with Micron soaring 19.29% and ON Semiconductor 9.29%. Elsewhere, AutoZone skidded 8.99%, Intuit slumped 4.87% and Ford rose 2.61%. Though Washington assured the public that the U.S.-Iran peace talks were progressing, the U.S. launched fresh strikes at Iran. Nonetheless, WTI crude sank US$3 to US$93.65. The U.S. 10-year yield slipped to 4.493%.

SIlver declined 1.45% to US$76.80 and gold fell US$62 to US$4,508. Their weakness didn’t help the TSX which saw seven sectors fade, led by staples, tech and healthcare. Utilities was the best performer. Major movers on Bay Street: Enbidge -1.22%, Manulife -1.19%, BlackBerry 5.14%, Boyd Group -4.35% and Brookfield Renewables 4.96%. Finally, Bitcoin sank 1.6% to US$75,980.

However, the Dow slipped 0.23% and the TSX stepped back from historic highs by 0.52%.

💾 Micron Technology (MU) +19.29%

🧬 ON Semiconductor (ON) +9.29%

🚗 Autozone Inc. (AZO) -8.99%

💾 Intuit Inc. (INTU) -4.87%

🚘 Ford Motor (F) +2.61%

🛢 Enbridge (ENB.TO) -1.22%

🏛 Manulife Financial (MFC.TO) -1.19%

📱 BlackBerry (BB.TO) +5.14%

🚗 Boyd Group Services Inc. (BYD.TO) -4.35%

♻ Brookfield Renewable Partners (BEP.UN.TO) +4.96%

🅱 Bitcoin (BTCUSD) (BTC-USD) -1.6%

With U.S. markets closed for a holiday, the TSX surged 0.88% or over 300 points to a record close of 34,774. Minerals soared, leading every sector except energy higher. Silver jumped 3.4% to nearly US$78 while gold climbed over US$60 to US$4,570. Winners included Hudbay Minerals, up 8.94%, First Quantum Minerals 8.36% and Capstone Copper 7.44%. The price of WTI crude plunged by 6.5% to US$90.30 a barrel as Baytex slid 5.2% and Whitecap Resources tumbled 3.69%. Meanwhile, Bitcoin advanced over 1% to US$77,385.

⛏ Hudbay Minerals (HBM-T) +8.94%

⛏ First Quantum Minerals (FM-T) +8.36%

🥉 Capstone Copper Corp (CS-T) +7.44%

🛢 Baytex Energy Corp (BTE-T) -5.2%

🛢 Whitecap Resources (WCP-T) -3.69%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1%