Stockchase-logo
Loading...
    Track Stocks Watchlist
    Top Picks Today
    =iconClose Home All Opinions Top Picks Stocks Experts Top Experts Panic-proof Top 100 Stocks Monthly gems News
    Watchlist Track Stocks
    Top Picks Today
    Home » Daily

    Tech leads April slide, oil sustains TSX

    Allan Tong Posted On April 29, 2022
    0
    0
    Shares
    • Share On Facebook
    • Tweet It

    Traditionally a rally month, April ended with the Nasdaq sliding 13% (its worst month since October 2008), the S&P sliding 8.8% (worst since June 2020), though the rally in oil and natural resources cushioned the TSX’s losses to only 3% after posting an all-time high early in April. On Friday, the last trading day of April, the S&P closed -3.63%, the Nasdaq -4.19% and the Dow -2.77%. Wall Street erased the strong gains of Thursday and then some as ongoing fears over rising rates, hot inflation, slowing growth and the Russian war weighed on investors. A catalyst may have been Amazon’s weak quarterly report and forecast, even though Apple delivered top and bottom line beats and projected a positive 2022.

    It was an ugly Friday with selling across the board. Despite a strong quarter, Apple slid 3.66%, Intel lost nearly 7% after a disappointing report, Amazon tanked 14.05%, Nvidia fell 6.24% and defensive name Colgate shed 5.13%. A rare gainer was Honeywell up 1.89%. The U.S. 10-year yield returned above 2.9% while Bitcoin slid 4% to below $38,500.

    TSX closed -1.7% for the day. Industrials, tech and real estate were the worst performers. Major movers were Cenovus at -4.35%, Baytex -7.59%, TC Energy -5.19% and NFI Group -15% after a weak forecast. WTI and WCS crude declined around 0.75% to hover below $105 and $92 a barrel respectively. Focus will shift the American Fed meeting next Tuesday as a rate hike is widely expected.

    🍎 Apple (AAPL-Q) -3.66%
    💾 Intel (INTC-Q) -7%
    📦 Amazon.com (AMZN-Q) -14.05%
    💾 Nvidia Corp (NVDA-Q) -6.24%
    🧼 Colgate Palmolive (CL-N) -5.13%
    🍯 Honeywell International (HON-N) +1.89%
    🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -4%
    🛢 Cenovus Energy (CVE-T) -4.35%
    🛢 Baytex Energy Corp (BTE-T) -7.59%
    🛢 TC Energy (TRP-T) -5.19%
    🚚 New Flyer Industries Inc. (NFI-T) -15%

    0
    Shares
    • Share On Facebook
    • Tweet It




    Trending Now
    This Week's Stock Picks & BNN Top Picks Summary: OSPN-Q, VET-T and 20 Stock and 4 ETF Top Picks (Jul 18-24)
    Melisa R. H. July 25, 2025
    Weekly 52-Week Low (or 52-Week High): AEM-T, OLA-T, FOM-X, QTRH-T and More 52-Week Highs and Lows (Jul 16-22)
    Melisa R. H. July 23, 2025
    Late rally ends choppy day
    Read Next

    Late rally ends choppy day

    • logo

      We’re fintech passionates that reinvest almost all our revenues into the development of Stockchase and Wealthica. We hope you enjoy Stockchase and join Premium!

    • Top Reviews

      • Questrade Review: Pros & Cons of Trading with Questrade Canada (2023)
        8.5
      • The Ugly Truth About Identity Theft – Free Credit Report
        7
      • Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)
    • Popular Posts

      • This Week's Stock Picks & BNN Top Picks Summary: OSPN-Q, VET-T and 20 Stock and 4 ETF Top Picks (Jul 18-24)
      • Weekly 52-Week Low (or 52-Week High): AEM-T, OLA-T, FOM-X, QTRH-T and More 52-Week Highs and Lows (Jul 16-22)
      • Most Anticipated Earnings: PSD-T, MTL-T and more Canadian Companies Reporting Earnings this Week (Jul 21-25)
      • JULY Gems
    • Stock Lists

      • Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA...
        November 10, 2023
      • 13 Recession-Proof Stocks for Portfolio Safety
        October 26, 2023
      • The Ultimate Top Drone Stocks List for Sky-High Returns...
        October 25, 2023
      • Top Hotel Stocks to Buy for your Growth Portfolio
        October 12, 2023
      • Which Brookfield Stock to Buy? BAM vs BN: the Inspiring...
        October 9, 2023



    • Stockchase neither recommends nor promotes any investment strategies.

      About us : Privacy & Terms : Contact us

    © Stockchase Inc.
    Press enter/return to begin your search