The U.S. Fed’s remarks from Wednesday, calling for interest rate hikes in 2023, weighed on investors Thursday as the Dow closed -0.62% and the S&P was nearly flat at -0.04%. At the same time, investors remain confident about a strong economic recovery, so they lifted tech stocks as the Nasdaq rallied 0.87% to approach record levels.<\/p>\n
Big gainers included AMD<\/a> at 5.55%, Amazon<\/a> 2.17% and Apple<\/a> 1.26%. As tech soared, industrials, financials and healthcare slipped. Caterpillar<\/a> was down 3.55%, JPMorgan<\/a> declined 2.89% and Marathon Oil<\/a> slid 5.64%. The U.S. 10-year yield fell 3.88% to 1.5125%.<\/p>\n The story was similar on Bay Street as the TSX closed -0.43%. The tech sector rocketed over 5%, while energy slumped 2% and materials tanked by nearly 4%. Winners included Lightspeed<\/a>, spiking 7.54%, Shopify<\/a> 7.16%, Blackberry<\/a> 5.33% and Kinaxis<\/a> up 4%. In sharp contrast, Suncor<\/a> finished -3.8%, winemaker Andrew Peller<\/a> -8.36%, Algonquin Power<\/a> -4.91% and Yamana Gold<\/a> -7.83%. Dragging the TSX down was the price of oil. WTI and WCS slid 1.5%. The CAD continued to lose ground as it fell below 81 cents against the USD. Meanwhile, gold declined more than 2% to stay below $1,800 per ounce. Similarly, Bitcoin<\/a> slid over 2% to remain under $38,000.<\/p>\n 💾 Advanced Micro Devices<\/a> +5.55% The U.S. Fed’s remarks from Wednesday, calling for interest rate hikes in 2023, weighed on investors Thursday as the Dow closed -0.62% and the S&P was nearly flat at -0.04%. At the same time, investors remain confident about a strong […]<\/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-231611","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\/231611","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=231611"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/231611\/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=231611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=231611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=231611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n📦 Amazon.com<\/a> +2.17%
\n🍎 Apple<\/a> +1.26%
\n🏗 Caterpillar<\/a> -3.55%
\n🏛 JP Morgan Chase & Co<\/a> -2.89%
\n🥇 Marathon Gold Corp<\/a> -5.64%
\n💾 Lightspeed POS<\/a> +7.54%
\n🛍 Shopify Inc.<\/a> +7.16%
\n📱 BlackBerry<\/a> +5.33%
\n💿 Kinaxis Inc<\/a> +4%
\n🛢 Suncor Energy Inc<\/a> -3.8%
\n🍾 Andrew Peller<\/a> -8.36%
\n💡 Algonquin Power & Utilities Corp<\/a> -4.91%
\n🥇 Yamana Gold Inc.<\/a> -7.83%
\n🅱 The Bitcoin Fund<\/a> -2%<\/p>\n","protected":false},"excerpt":{"rendered":"