Markets decline ahead of U.S. Fed comments

The bears creeped back into the market Monday ahead of U.S. Fed Jerome Powell’s comments on Tuesday. Last Friday’s historically low unemployment numbers are rattling Wall Street and it fears Powell will issue hawkish sentiments. The S&P closed -0.6%%, the Nasdaq -0.96%, and the Dow 0.1%.

While many sectors were in the red, tech figured among the most notable movers: Apple -1.94%, Intel -5.15% and Activision Blizzard -4.8% ahead of earnings. However, Tesla fared better by adding 2.29%. The U.S. 10-year yield inched up to 3.653% while Bitcoin added 0.3% to touch $23,000.

The TSX fared little better, down 0.68% for the day. Telcos were the only positive sector and just barely. Materials and real estate fell the most. First Quantum Minerals sank 8.06% and Osisko Mining slid 10.45%. Manulife shed 1.56%. However, some tech names rallied, including Lightspeed by 2.34% and Dye & Durham up 2.04%. WTI climbed 1.3% to $74.

🍎 Apple Inc (AAPL-Q) -1.94%
💾 Intel (INTC-Q) -5.15%
🎮 Activision Blizzard (ATVI-Q) -4.8%
🚗 Tesla Inc (TSLA-Q) +2.29%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.3%
⛏ First Quantum Minerals (FM-T) -8.06%
⛏ Osisko Mining (OSK-T) -10.45%
🏛 Manulife Financial (MFC-T) -1.56%
💾 Lightspeed Commerce Inc (LSPD-T) +2.34%
💾 Dye & Durham (DND-T) +2.04%