Stocks Close to Flat to Start Week

U.S. equities were flat on Monday, as U.S. Treasury yields reversed and climbed higher, and investors awaited quarterly reports from big retailers later in the week.

The Dow Jones Industrials eased back 12.86 points to greet the closing bell Monday at 36,087.45.

The S&P 500 dropped 0.05 points to 4,682.80.

The NASDAQ Composite skidded 7.11 points to 15,853.85.

Chief among featured stocks was Tesla, whose shares fell 1.9% and continued their decline from last week, when CEO Elon Musk sold nearly $7 billion worth of Tesla stock. Tesla ended the week down 15.4% for its worst week since March 2020.

Tech darling Nvidia also lost 1.2% as investors pulled back their positions ahead of the company’s quarterly results this week. Some have said the chipmaker is overextended on a relative strength basis, and last week Wedbush Securities downgraded the stock to neutral from outperform.

But investors’ main focus was on … Read more

Arena, Eskay, BriaCell at 52-Week Highs on News

Arena Minerals Inc.(V.AN) hit a new 52-week high of 58 cents on Friday. Arena announced the commencement of drilling on the Sal de la Puna Project located in the Pastos Grandes basin within Salta province, Argentina. Arena is operating the drill program on behalf of Sal de la Puna Holdings Ltd., which is jointly owned by Arena (65%) and Ganfeng New Energy Technology Development (Suzhou) Co., Ltd.

Eskay Mining Corp.(V.ESK) hit a new 52-week high of $3.31 on Friday. Eskay has entered into an amended agreement whereby Seabridge and Eskay Mining have amended the terms of their original agreement to share equally the costs of construction of the first 9 kilometres of the Coulter Creek Access Road, estimated to cost $12.5 million, including to introduce a limit on Eskay’s contribution to a maximum of $6,250,000 and eliminate the sale by Eskay of a convertible debenture.

BriaCell Therapeutics Corp.(V.BCT) hit a … Read more