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Spreadsheet
Markets treaded water on Wednesday until the U.S. Fed’s Jay Powell announced his latest interest rate decision: no change. This was widely expected. However, his comments immediately afterwards at the press conference were considered hawkish by many. As a result, the S&P closed -0.94%, the Nasdaq -1.53% to fall below 13,500, and the Dow -0.22% to slip below 34,400.
Conversely, the U.S. 10-year yield ticked up to 4.391% while Bitcoin shed 0.87% to dip below $27,000. Tech was hit hard as Intel closed -4.64%, Alphabet (class A) -2.97% and Nvidia -2.63%. However, Western Digital popped nearly 4% while AutoZone advanced 4.45%.
In contrast, the TSX was flat, adding five points. Nearly all sectors gained, led by staples, materials and utilities, while energy sank. Key movers were CNQ at -1.56%, Baytex -1.59%, Bausch Health up 8.09% and Equinox Gold up 4.04%. WTI crude oil gave back 1% to $90 a barrel.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.87%
💾 Intel (INTC-Q) -4.64%
🧮 Alphabet Inc (GOOG-Q) -2.97%
💾 NVIDIA Corporation (NVDA-Q) -2.63%
💻 Western Digital (WDC-Q) +4%
🚗 Autozone Inc. (AZO-N) +4.45%
🛢 Canadian Natural Rsrcs (CNQ-T) -1.56%
🛢 Baytex Energy Corp (BTE-T) -1.59%
👨⚕️ Bausch Health Companies Inc. (BHC-T) +8.09%
🥇 Equinox Gold (EQX-T) +4.04%
