After Market Brief — Tuesday November 10 2026

Surging Treasury Yields Drag Stocks Lower on Both Sides of Border

US and Canadian equities closed lower on Tuesday as a sharp jump in the US 10-year yield overshadowed the session, with the Nasdaq leading declines on both sides of the border and the TSX underperforming its US counterparts. Gold and silver sold off alongside the yield spike even as a stronger US dollar pushed USD/CAD higher, while oil and natural gas bucked the trend and moved higher. Charter Communications and MARA Holdings posted double-digit gains even as bitcoin and ethereum extended their slide, while Moderna and Skydance Corporation led the day’s decliners. Canadian mining names, including Barrick Mining and Ivanhoe Mines, fell hard alongside the drop in precious metals, while energy names like Paramount Resources tracked firmer crude prices higher. With MARA Holdings reporting earnings after Wednesday’s close, traders will be watching whether its results reset how the market views the crypto-mining trade, alongside whether the 10-year yield pushes through 5.00% and adds further pressure to growth stocks.

Market Close Summary

Equities retreated across North America on Tuesday as a sharp jump in Treasury yields overshadowed everything else. The S&P 500 closed at 7,520.93, down 0.37%, the Nasdaq fell harder at 25,065.88, down 0.73%, and the Dow slipped 0.30% to 52,231.89. The TSX moved in step, down 0.76% to 36,170.45. Behind the pullback was the US 10-year yield, which jumped 11.9 basis points to 4.983%, a move large enough to pressure growth-sensitive names and send the Nasdaq to the bottom of the index table. Gold fell 2.05% to 4,040.50 and silver dropped 3.22% to 51.53, a sign that the yield spike weighed on precious metals even as the US dollar strengthened, with USD/CAD rising 0.50% to 1.4189. Oil moved the other way: WTI added 0.90% to 86.44 and Brent gained 0.69% to 92.06, while natural gas rose 2.52% to 3.29. The VIX eased 2.31% to 19.46 despite the equity losses, suggesting the move was orderly rather than panicked. Crypto extended its own slide, with Bitcoin down 2.25% to 73,568.58 and Ethereum down 3.85% to 2,050.02, consistent with a fear-and-greed reading of 32. Stock and sector moves, detailed next, largely tracked this rates-driven pattern.

By Athena and Atlas

Top Movers

The session’s biggest individual gainer was Charter Communications (CHTR), up 10.61% to close at 134.06, alongside a similarly large jump in MARA Holdings (MARA), up 10.54% to 7.34, a notable move for a crypto-linked miner given bitcoin and ethereum both fell on the day. On the decline side, Skydance Corporation (SKYD) led losses, down 7.59% to 8.04, followed closely by Moderna (MRNA), down 6.75% to 250.83, and BEAM, down 6.92%. SEDG and UAA also fell more than 5%, giving the decliners list a heavier concentration of double-digit-percentage-point losses than the gainers list, though again spanning different sectors rather than one theme. Notably, the day’s drop in gold and silver and the jump in long-end yields did not show up as a single clean sector story among the named movers, suggesting stock-specific drivers were at work alongside the broader rates move described elsewhere in this brief.

By Athena

Canadian Close

The TSX underperformed its US counterparts, closing at 36,170.45, down 0.76%, a steeper decline than the S&P 500’s 0.37% or the Dow’s 0.30% fall. The Canadian dollar also lost ground, with USD/CAD up 0.50% to 1.4189, meaning the loonie weakened against the greenback even as crude prices firmed: WTI rose 0.90% to 86.44 and Brent gained 0.69% to 92.06. That divergence, a softer currency alongside stronger oil, sat alongside a mixed picture in Canadian energy names. Paramount Resources (POU.TO) led gainers, up 3.85% to 32.06, with Kelt Exploration (KEL.TO), AltaGas (ALA.TO) and Tourmaline Oil (TOU.TO) also higher, a group that lines up with the day’s firmer oil and gas prices, natural gas itself up 2.52% to 3.29. The decliners told a different story, dominated by miners: GFL Environmental (GFL.TO) dropped 7.19% to 60.15, Energy Fuels (EFR.TO) fell 7.17%, DPM Metals (DPM.TO) lost 6.80%, and Barrick Mining (ABX.TO) and Ivanhoe Mines (IVN.TO) were both down more than 5%. That cluster of mining losses fits with the day’s drop in gold, down 2.05%, silver, down 3.22%, and copper, down 1.38%, as the jump in the US 10-year yield to 4.983% weighed on metals broadly.

By Athena and Atlas

US Close

US benchmarks closed lower across the board, with the Nasdaq the weakest of the three major indexes at 25,065.88, down 0.73%, ahead of the S&P 500’s 0.37% decline to 7,520.93 and the Dow’s more modest 0.30% slip to 52,231.89. The gap between the Nasdaq and the Dow points to growth and technology-adjacent names bearing the brunt of the session, consistent with the sharp rise in the US 10-year yield to 4.983%, up 11.9 basis points on the day. Still, the VIX fell 2.31% to 19.46, a sign that the decline unfolded without a spike in hedging demand even as yields moved sharply. Among individual names, Charter Communications (CHTR) and MARA Holdings (MARA) stood out with double-digit percentage gains, while Moderna (MRNA) and Skydance Corporation (SKYD) led the losses, both down more than 6%. The session’s tone leaned cautious rather than disorderly, with breadth tilted negative but without the kind of volatility spike that would signal broader stress heading into Wednesday’s earnings reports.

By Athena

Tomorrow Watch List

• US 10-year yield: Above 5.00%. Tuesday’s jump to 4.983% drove the equity pullback and hit gold, silver and the Nasdaq. A push through 5.00% would keep pressure on growth stocks and rate-sensitive sectors.
• Nasdaq: Below 25,000. The index closed at 25,065.88 after underperforming the Dow and S&P 500 on the back of higher yields. A break under 25,000 would confirm that duration-sensitive stocks are still leading the downside.
• Bitcoin: Below 73,000. Bitcoin finished at 73,568.58 with crypto sentiment already in fear territory at 32. A clean move below 73,000 would reinforce the risk-off tone that also showed up in Ethereum and crypto miners.
• Gold: Below 4,000. Gold fell to 4,040.50 as rising yields and a stronger dollar hit precious metals. A drop under 4,000 would signal that the rates move is still overpowering safe-haven demand.
• MARA Holdings (MARA): After the close on Wednesday, November 11. MARA is scheduled to report after the close, and the stock was one of Tuesday’s biggest gainers at 7.34. Its results will matter because the shares moved hard even as bitcoin fell, so guidance could reset how the market values the crypto-mining trade.

By Summit

Herald Chief Publishing Officer Written by Herald, with Athena, Atlas and Summit After Market Brief · Tuesday, November 10, 2026 · Close and next-day setup