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

    Markets stabilize after recent sell-off

    Allan Tong Posted On December 7, 2022
    0
    0
    Shares
    • Share On Facebook
    • Tweet It

    Despite a fall in crude oil prices, markets on both sides of the border stabilized after recent selling driven by recessionary fears. The TSX was basically flat on Wednesday when the Bank of Canada increased its key interest rate by 50 basis points to 4.2%, as many expected. Sectors were mixed, though slightly more positive than negative, led by consumer discretionary and staples while energy lagged.

    Major movers included gold names Barrick up 2.49% and B2Gold up 1.55% while cannabis stocks fell, including Canopy shedding 10% and Tilray losing 8.51%. WTI crude sank -2.5% to around $72.40.

    The Dow was flat for the day while the S&P closed -0.19% to stay below 4,000. The Nasdaq finished -0.51% to trade below 11,000. Major Wall Street movers were Tesla at -3.57%, Apple -1.6% and Expedia -0.654%, but Campbell Soup jumped nearly 6% and the Bank of New York Mellon advanced 4.14%. The U.S. 10-year yield dipped to 3.41% as Bitcoin slipped 0.89% below $17,000.

    🥇 Barrick Gold (ABX-T) +2.49%
    🥇 B2Gold Corp. (BTO-T) +1.55%
    🌿 Canopy Growth Corp. (WEED-T) -10%
    🌿 Tilray Inc. (TLRY-Q) -8.51%
    🚗 Tesla Motors Inc (TSLA-Q) -3.57%
    🍎 Apple (AAPL-Q) -1.6%
    ✈ Expedia (EXPE-Q) -0.654%
    🥫 Campbell Soup Company (CPB-N) +6%
    🏛 Bank of New York Mellon (BK-N) +4.14%
    🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.89%

    0
    Shares
    • Share On Facebook
    • Tweet It




    Trending Now
    Weekly 52-Week Low (or 52-Week High): ALS-T, BMO-T, MPVD-T, CMG-T and More 52-Week Highs and Lows (Aug 06-12)
    Melisa R. H. August 13, 2025
    Most Anticipated Earnings: OLA-T, TTNM-T and more Canadian Companies Reporting Earnings this Week (Aug 11-15)
    Melisa R. H. August 11, 2025
    Stocks snap losing streak
    Read Next

    Stocks snap losing streak

    • 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

      • Weekly 52-Week Low (or 52-Week High): ALS-T, BMO-T, MPVD-T, CMG-T and More 52-Week Highs and Lows (Aug 06-12)
      • Most Anticipated Earnings: OLA-T, TTNM-T and more Canadian Companies Reporting Earnings this Week (Aug 11-15)
      • This Week's Stock Picks & BNN Top Picks Summary: RY-T, ATD-T and 19 Stock Top Picks (Aug 01-07)
    • 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