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Spreadsheet
Wednesday markets were weak until the U.S. Fed released its latest minutes mid-afternoon. Markets didn’t bounce, but nearly climbed to break-even levels: the S&P 0.09%, the Nasdaq -0.11% and the Dow -0.15%.
Staples, energy and travel names led the gainers, including Kraft Heinz up 5.64%, Devon 4.73%, Carnival 2.37% and Booking Holdings up 2.79%. The street was happy with Airbnb‘s quarter and pushed shares 3.65% higher. Tech lagged with AMD down nearly 3%, PayPal sliding 4.2% and Netflix declining 2.42%. Plunging were ViacomCBS by nearly 18% and Roblox tanking 26.41% after disappointing earnings. The U.S. 10-year yield retreated slightly to 2.082% while Bitcoin was basically flat just above $44,000.
Crude oil also had a mixed session as WTI shed 1.8% to $90 a barrel though WCS added 0.4% to nearly $80. However, a 9% plunge in tech pushed the TSX down 0.45%, despite gains in materials. All eyes were on Shopify which tanked 17.19% to fall below $1,000 after the company issued a growth warning. Also down were Boyd Group Services at -5.24%, Park Lawn -4.14% and Lightspeed at -3.74%. In contrast, Barrick Gold rose 7.14%, B2Gold 3.19% and Kinross Gold 2.34%.
🍅 Kraft Heinz Company (KHC-Q) +5.64%
🛢 Devon Energy Corp (DVN-N) +4.73%
🚢 Carnival Corp. (CCL-N) +2.37%
🧳 Booking Holdings Inc. (BKNG-Q) +2.79%
🏠 Airbnb (ABNB-Q) +3.65%
💾 Advanced Micro Devices (AMD-Q) -3%
💳 PayPal Holdings Inc. (PYPL-Q) -4.2%
📺 Netflix Inc. (NFLX-Q) -2.42%
📡 ViacomCBS (VIAC-Q) -18%
🎮 Roblox Corporation (RBLX-N) -26.41%
🛍 Shopify Inc. (SHOP-T) -17.19%
🛍 Boyd Group Services Inc. (BYD-T) -5.24%
🏛 Park Lawn Corp (PLC-T) -4.14%
💿 Lightspeed Commerce Inc (LSPD-T) -3.74%
🥇 Barrick Gold (ABX-T) +7.14%
🥇 B2Gold Corp. (BTO-T) +3.19%
🥇 Kinross Gold (K-T) +2.34%
