Stockchase After the Close Following Friday’s sell-off, Monday markets rebounded on news that China was easing its strick Covid lockdowns. Though stocks were higher intraday, they closed positive: the S&P 0.31%, the Nasdaq 0.4% and the Dow flat by climbing 14.5 points. The U.S. 10-year yield returned above 3% while Bitcoinsurged 4.7% to $31,400.
Major gainers included Enphase up 5.73%, Amazon 1.76% as its stock split began, Meta/Facebook up 2%, Freeport-McMoran adding 3.48% and Etsyrising 3.15%. Losing ground were Warner Bros Discovery at -3.71%, Twitter at -1.52% after another Elon Musk tweet rattled investors, and Schwab sinking 2.93%.
The TSX faded into the close, but added 14 points for the day. Energy, consumer discretionary and tech led while staples, real estate and materials lagged. Major movers were Tamarack Valley surging 5.69%, Baytex up 2.75%, Crescent Point Energy at 2.15% and Peyto Explorationjumping 8.34%. Losers included weed names Tilray at -6.21% and Aurora at -3.98%, Osisko Mining -3% and Yamana Gold at -3.35%. Gold itself shed half a percentage point to $1,841 while WTI slipped nearly 0.4% to $118.