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Stockhouse @ the Bell: Delta Variant Fears & Oil Price Spike Move Markets Lower

Stockhouse Editorial
3 Comments| July 19, 2021

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A broad decline for all sectors except tech took Canada’s main index lower by three digits to hit its lowest level in two months on Monday. Energy stocks tumbled following a more than 3% drop in oil prices in the face of an OPEC deal to boost production.

Rising numbers of COVID-19 cases with the global spread the Delta variant spooked investors and saw markets sink right out of the gate. Many fear that the Delta variant could threaten the US economic recovery. Shares of companies that were widely thought to benefit most from the reopening of the economy were hit the hardest.

Today in the Markets

TSX 19,726.45 -259.09 Click to enlarge
TSXV 870.91 -37.40 Click to enlarge
CSE 709.49 -22.31 Click to enlarge
DJIA 33,962.04 -725.81 Click to enlarge
NASDAQ 14,274.98 -152.25 Click to enlarge
S&P 500 4,258.49 -68.67 Click to enlarge

The Canadian dollar traded for 78.32 cents US compared with 79.41 cents US on Friday.

Crude oil prices were down $5.84 to $65.94.

The price of gold was down 4.62 to $1,811.09.

In world markets, the Nikkei was down 350.34 points to 27,652.74, the Hang Seng was down 514.90 points to 27,489.78 the FTSE was down 167.47 points to 6,840.62 and the DAX was down 407.11 points to 15,133.20.

Top 10 Bullboards:

Company Ticker Views
PyroGenesis Canada Inc. T.PYR 2595
National Fuel Gas Company NFG 2033
Baytex Energy Corp. T.BTE 2020
Sokoman Minerals Corp. V.SIC 1889
Crescent Point Energy Corp. T.CPG 1556
Datametrex AI Ltd V.DM 1434
HEXO Corp. T.HEXO 1398
Bombardier Inc. T.BBD.A 1204
Inter Pipeline Ltd T.IPL 1144
Therma Bright Inc. V.THRM 1133

Today in the News:

Avalon Advanced Materials Inc. | Avalon Files Quarterly Financial Statements and Provides Progress Report on Current Work Programs
NEO Battery Materials Ltd Com | NEO Battery Materials Signs MOU with Ferroglobe for Silicon Anode Technology
dynaCERT Inc. | dynaCERT Announces Date of Upcoming Annual Meeting
Filament Health Corp. | Filament Health to Host Virtual Investor Event
K9 Gold Corp. | K9 Gold Corp. Awaits Highly Anticipated Drilling Results from Diamond Drilling Program
Mountain Boy Minerals Ltd | Mountain Boy to Begin Drilling on the American Creek Silver-Gold Project
Liquid Avatar Technologies Inc Com | Liquid Avatar Commends Ontario's Vaccination Efforts and Updates the Liquid Avatar Verifiable Credentials Ecosystem to Support Digital COVID-19 Testing and Vaccine Records
Infinite Ore Corp. | Infinite Ore Signs Loi With Trillium Gold to Sell Interest in Eastern Vision Project in Red Lake
GlobeX Data Ltd. | GlobeX Data Launches 30 Seconds "Sekur" Commercial on CNBC, Bloomberg TV, CNN, MSNBC, Fox News Channel, Fox Business News as Part of USA Launch Strategy
Harborside Inc. | Harborside Announces Management Changes
Blackrock Gold Corp | Blackrock Silver Triples Land Position at Tonopah West
Cerrado Gold Corp. | Cerrado Gold Reports Strong Q2 Production Results from Its Minera Don Nicolas Mine in Argentina
Red Pine Exploration Inc | Red Pine Provides Updates on Wawa Gold Project Ongoing Drill Program

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Only stupid people are getting Covid now, because they were too stupid to take the Vaccine. And only stupid people sold today, because the economy won't shut down because of those stupid people.
July 19, 2021

The only person who is probably afraid of the "delta variant" is the one who wrote this article.
July 19, 2021

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