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Stockhouse @ the Bell: Oil Slump Hits Energy Stocks, Pushes Indexes Lower

Stockhouse Editorial
1 Comment| August 9, 2021

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After a record closing Friday, the heavyweight energy sector led losses to push Canada’s main stock index lower on Monday, as rising COVID-19 cases simmered concerns over crude demand and pushed oil prices 4% lower. The utilities and industrials sectors moved higher.

Futures on the Dow Jones Industrial Average pulled back from Friday’s record highs, while the S&P 500 Index also took a breather. Meanwhile, futures on the NASDAQ moved marginally higher on a boost from Tesla and its analyst upgrade. Traders are tracking the $1 trillion infrastructure bill in Washington, as US senators work toward an agreement on the bipartisan deal.

Today in the Markets

TSX 20,437.42 -38.00 Click to enlarge
TSXV 917.99 -7.66 Click to enlarge
CSE 736.32 +6.55 Click to enlarge
DJIA 35,101.85 -106.66 Click to enlarge
NASDAQ 14,860.18 +24.41 Click to enlarge
S&P 500 4,432.35 -4.17 Click to enlarge

The Canadian dollar traded for 79.54 cents US compared with 79.68 cents US on Friday.

Crude oil prices were down $1.45 to $66.83.

The price of gold was up 11.02 to $1,729.37.

In world markets, the Nikkei was up 91.92 points to 27,820.04, the Hang Seng was up 104.00 points to 26,283.40 the FTSE was up 9.35 points to 7,132.30 and the DAX was down 16.04 points to 15,745.41.

Top 10 Bullboards:

Company Ticker Views
Liminal BioSciences Inc. LMNL 979
Reconnaissance Energy Africa Ltd V.RECO 926
PyroGenesis Canada Inc. T.PYR 913
Datametrex AI Ltd V.DM 822
Bombardier Inc. T.BBD.A 770
Taseko Mines Limited T.TKO 716
EV Battery Technologies Corp. C.ACDC 655
Baytex Energy Corp. T.BTE 618
Petroteq Energy Inc. V.PQE 537

Today in the News:

Kuya Silver Corporation | Kuya Silver Announces Changes to its Board and Management Team
Rockcliff Metals Corp | Rockcliff Provides Update on 2021 Exploration Program
Galane Gold Ltd | Galane Gold Ltd. Commences Stoping at the Galaxy Ore Body and Provides an Update on Its Operations and Progress at the Summit Mine
E79 Resources Corp. | E79 Resources Commences Phase 2 Drilling and Confirms Results at Happy Valley Gold Prospect, Victoria, Australia
Hut 8 Mining Corp. | Hut 8 to Present at the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021
Cybin Inc. | Cybin to Present at Canaccord Genuity's 41st Annual Growth Conference on August 10th
Willow Biosciences Inc | Willow Biosciences Reports Second Quarter 2021 Results
1933 Industries Inc. | 1933 Industries Receives Approval to Delist Convertible Debentures and Proceeds to Extend Maturity Date
Algernon Pharmaceuticals Inc. | Algernon Pharmaceuticals Announces Exclusive Licensing Agreement with Dartmouth College
Cerrado Gold Corp. | Cerrado Gold Announces Annual Meeting of Shareholders
Extreme Vehicle Battery Technologies Corp Com | EV Battery Tech Offers Chance to Win IoniX Pro Trilogy EV in Summer Contest

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