Equities managed to hold onto their positive values by Monday’s closing bell in Toronto, as tech and energy issues eclipsed losses by health-care and gold.
The S&P/TSX settled from earlier gains, but still finished green by 28.36 points, to conclude Monday at 20,819.09.
The Canadian dollar nosed ahead 0.06 cents to 79.52 cents U.S.
Tech firm was the champion of the positive groups, with Alithya ahead 25 cents, or 8.1%, to $3.35, while Haivision obtaining 13 cents, or 2.5%, to $5.38.
Energy also carried their share of the load, with Peyto Exploration improving $1.30, or 8.4%, to $16.77, while Tamarack Valley picked up 36 cents, or 6.4%, to $5.98.
Among consumer discretionary stocks, Magna International amassed $3.27, or 4.1%, to $83.80, while Martinrea International grabbed 22 cents, or 2.3%, to $9.67.
Cannabis concerns did feel around for the bruises, with Tilray shedding 32 cents, or 6%, to $4.99, while Canopy Growth lost 25 cents, or 4.6%, to $5.17.
Gold also lost of its mojo, while IAMGOLD forking over 16 cents, or 5.5%, to $2.74, while Yamana Gold dropped 22 cents, or 3.1%, to $6.94.
In real-estate, Tricon Capital Group staggered 48 cents, or 3.1%, to $14.92, while Killam REIT slid 71 cents, or 3.7%, to $18.35.
ON BAYSTREET
The TSX Venture Exchange dropped 1.48 points to 718.63.
Seven of the 12 subgroups were negative to greet the closing bell, with health-care off 2.3%, gold subsiding 1.4%, and real-estate giving back 1.2%.
The five gainers were led by information technology, better by 1%, energy, 0.8% more energetic, while consumer discretionary stocks notched forward 0.7%.
ON WALLSTREET
Stocks moved slightly higher on Monday as Wall Street tried to rebound from a losing week and navigated a jump in Treasury yields.
The Dow Jones Industrials managed to hang onto gains of 16.08 points to 32,915.78.
The S&P 500 accumulated 12.89 points to 4,121.43.
The NASDAQ Composite stayed green 48.64 points to 12,061.37.
Investor sentiment got a boost after Beijing rolled back some COVID-related restrictions. Meanwhile, The Wall Street Journal reported that Chinese regulators are wrapping up their investigations into ride-hailing giant Didi — potentially signaling that the country’s crackdown on its tech sector may be coming to an end.
Overseas, stocks rose more than 1% in China and over 2% in Hong Kong. The U.S.-traded shares of Didi jumped more than 24%, while JD.com tacked on 6.5% and Pinduoduo added 5.6%.
The China news appeared to boost casino stocks, with shares of Wynn Resorts gaining nearly 2.5%. Solar stocks ticked higher after the Biden administration moved to suspend tariffs on solar panel products from four countries, with Enphase Energy rising more than 5%.
Elsewhere, shares of Amazon rose nearly 2% following a 20-for-1 stock split. Amgen and Salesforce each dropped more than 1%, weighing on the Dow.
Investors will be focused on the consumer price index reading for May, which is slated for Friday morning release. The key inflation gauge is expected to be just slightly cooler than April, which could be interpreted by some as a confirmation that inflation has peaked.
Treasury prices fell hard, raising yields to 3.05% from Friday’s 2.95%. Treasury prices and yields move in opposite directions.
Oil prices slipped 39 cents to $118.48 U.S. a barrel.
Gold prices dipped $5.10 to $1,845.10 U.S. an ounce.
