Wednesday’s session tried to extend the record-breaking rally, but indices in Toronto and New York faded into the close. The S&P and Nasdaq sank around 1.5% with the Dow doing only slightly better. This despite the U.S. 10-year yield edging down to 3.849%.
Major movers included CVS up 1.29%, Alphabet (class A) at 1.24%, Caesars -5.7%, Tesla-3.92% and FedEx which slid 12.05% after lowering guidance and an earnings miss. Bitcoin rebounded 3.1% to $43,600.
The TSX fell 1.15% as sectors declined, particularly materials, staples, real estate and utilities. Major movers on Bay Street were Aritizia popping 3.24%, Athabasca Oil up 1.48%, Cargojet -7.4%, Kelt Exploration -4.59% and Storagevault -4.58%. Meanwhile, WTI crude declined 0.2% to $73.70.