Net worth tracking
Login Sign Up
Become a Premium Member
  • All Opinions
  • Top Picks
  • Experts
  • Companies
  • Discover
Watch List
Home » Daily

U.S. spending renews tapering worries

Allan Tong Posted On September 16, 2021
0
0
Shares
  • Share On Facebook
  • Tweet It

On Thursday, Wall Street was surprised when August’s U.S. consumer spending numbers rose 0.7% instead of slipping as expected. This renewed ongoing worries that the U.S. Fed will launch a taper tantrum and pressured stocks. The S&P closed -0.16% and the Dow -0.18% though the Nasdaq gained 0.13%. The U.S. 10-year yield popped 2.7% to 1.33%, but gold slid 2.37% to around $1,750 an ounce. Naturally, minerals as well as industrials, healthcare and energy declined in America.

Newmont closed -4%, Marathon Oil -2.45%, and Freeport-McMoran -6.64%. Gainers included American Airlines climbing 2.63%, Etsy 3.1% and BioNTech 4.9% before U.S. health offices decide on whether to greenlight Covid booster shots.

As the price of crude oil stay flat and gold tanked, the TSX closed -0.44% though financials and tech stocks advanced. Big movers were Barrick Gold losing 4%, Magna down 4.79% and Kinross Gold falling 4.59%. Rallying were Nuvei by 6.56%, Tamarack Valley Energy up 4.56% and Air Canada at 2.8%. The Canadian dollar slipped 0.43% to dip below 79 cents. Meanwhile, Bitcoin lost a bit of of ground to slip below $48,000.

🥇 Newmont Goldcorp -4%
🛢 Marathon Oil -2.45%
🥇 Freeport McMoran Copper & Gold -6.64%
🛫 American Airlines Group +2.63%
🛍 Etsy Inc. +3.1%
🧫 BioNTech +4.9%
🥇 Barrick Gold -4%
🚗 Magna Int’l. (A) -4.79%
🥇 Kinross Gold -4.59%
💻 Nuvei Corp +6.56%
⚡ Tamarack Valley Energy +4.56%
🛫 Air Canada +2.8%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Birchcliff Energy Ltd., Cardinal Energy Ltd and More at 52-week Highs & Lows (May 18-24)
Melisa R. H. May 25, 2022
3 dividend stocks to fight inflation
Allan Tong May 24, 2022
Tech, oil and jitters pressure markets
Read Next

Tech, oil and jitters pressure markets

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
  • Popular Posts

    • Birchcliff Energy Ltd., Cardinal Energy Ltd and More at 52-week Highs & Lows (May 18-24)
    • 3 dividend stocks to fight inflation
    • Royal Bank, Canopy Growth Corp. and More Earnings Reports this Week (May 23-27)
    • Target Corp, Inc, Visa Inc. and 18 Stock and 3 ETF Top Picks (May 13-19)
    • Summer stocks fun or summertime blues? 3 stocks to consider this summer
  • Stock Lists

    • 3 dividend stocks to fight inflation
      May 24, 2022
    • Summer stocks fun or summertime blues? 3 stocks to consider...
      May 17, 2022
    • 3 fast food stocks to buy this summer
      May 10, 2022
    • Are mega tech stocks still alive?
      May 3, 2022
    • 3 Consumer Stocks for Summer
      April 26, 2022


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

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