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After Monday’s across-the-board rally, stocks declined slightly Tuesday as American investors awaited announcements from the two-day Fed policy meeting, and Canadians weathered some energy weakness. Overall, it was a quiet session as the S&P closed -0.16%, the Dow -0.39% and the TSX -0.43%, though the Nasdaq just squeaked into the positive at 0.09%. This despite the 10-year U.S. yield inching up 0.87% to 1.621%, a sign that the market is accepting the interest rate rise without selling off tech names.<\/p>\n
Apple<\/a> rose 1.27%, Facebook<\/a> 2.02% and Microsoft<\/a> 1.24%. On the Dow, industrials, energy and financials lagged as Boeing<\/a> closed -3.92%, American Express<\/a> -2.51% and Chevron<\/a> -2.37%. Elsewhere, Micron<\/a> advanced 2.9% and Campbell Soup<\/a> simmered by 2.73%. Travel names which had been soaring lately gave back. Royal Caribbean<\/a> finished -5.32% and Carnival<\/a> -5.17%.<\/p>\n On Bay Street, telcos and staples rallied while energy and materials faltered. Rogers<\/a> continued to climb, up 5.65%, a day after announcing its bid to buy western rival, Shaw Communications<\/a>, itself up 2.51%. Kinaxis<\/a> rallied 5.25%, though CNQ<\/a> declined 4.25% along with many oil names. Weed also tumbled as Organigram<\/a> slid over 7%. The price of oil weighed on the TSX as WCS per barrel fell 1% and WTI by half that. The price of gold remained steady while Bitcoin<\/a> declined 0.4%.<\/p>\n 🍎 Apple<\/a> +1.27% This week, you missed Past Top Picks comments by Michael Sprung, including Manulife Financial (A Top Pick Mar 20\/19, Down 36%) Get Premium to receive all past top picks opinions a few hours before market open. After Monday’s across-the-board rally, […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-216905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/216905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=216905"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/216905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=216905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=216905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=216905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🕵️♂️ Facebook<\/a> +2.02%
\nⓂ Microsoft<\/a> +1.24%
\n🛫 Boeing<\/a> -3.92%
\n🏛 American Express<\/a> -2.51%
\n🛢 Chevron Texaco<\/a> -2.37%
\n💾 Micron Technology<\/a> +2.9%
\n🥫 Campbell Soup Company<\/a> +2.73%
\n🚢 Royal Caribbean Cruises<\/a> -5.32%
\n🚢 Carnival Corp.<\/a> -5.17%
\n📱 Rogers Communications (B)<\/a> +5.65%
\n📱 Shaw Communication (B)<\/a> +2.51%
\n💾 Kinaxis Inc<\/a> +5.25%
\n🛢 Canadian Natural Rsrcs<\/a> -4.25%
\n🌿 OrganiGram Holdings Inc.<\/a> -7%
\n🅱 The Bitcoin Fund<\/a> -0.4%<\/p>\n","protected":false},"excerpt":{"rendered":"