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Spreadsheet
Markets sank Wednesday on fears that the U.S. Fed will continue to hike rates and on negative news from key companies. Alphabet shares tanked around 7.68% (A class) after Google’s new AI demonstration suffered a glitch that left the street skeptical (coming a day after Microsoft unveiled its new AI-enhanced Bing search engine. The S&P closed -1.11%, the Nasdaq -1.68%%, and the Dow -0.61%.
Tesla traded the most hands and rose 2.28% while CME Group added 5.42%. However, Lumen Technologies sank 20.84%. The U.S. 10-year yield held at 3.619% as Bitcoin slipped 1.5% below $23,000. Earnings season continued as Disney reported a beat and layoffs after hours, and shares surged.
The TSX fared better by shedding only 0.22%. Sectors were mixed as consumer staples soared while materials led the laggards. Major movers included Enbridge at -2.69%, Shopify -2.67%, Canada Goose -4.44%, Wesdome Gold Mines rallying 4.37%, and Brookfield Asset Management advancing 2.75%. WTI oil jumped 1.65 To $78.50.
🧮 Alphabet Inc. / Google (GOOG-Q) -7.68%
🚗 Tesla Inc (TSLA-Q) +2.28%
🏛 Market Summary > CME Group Inc (CME-Q) +5.42%
📡 Lumen Technologies Inc (LUMN-N) -20.84%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.5%
🛢 Enbridge (ENB-T) -2.69%
🛍 Shopify Inc. (SHOP-T) -2.67%
🧣 Canada Goose Holdings (GOOS-T) -4.44%
⛏ Wesdome Gold Mines Ltd. (WDO-T) +4.37%
🏛 Brookfield Asset Management Inc. (BAM-N) +2.75%
