{"id":237591,"date":"2021-07-30T17:29:15","date_gmt":"2021-07-30T21:29:15","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=237591"},"modified":"2021-08-02T12:51:26","modified_gmt":"2021-08-02T16:51:26","slug":"amazon-inflation-drag-u-s-markets-down-commodities-pressure-tsx","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/amazon-inflation-drag-u-s-markets-down-commodities-pressure-tsx\/","title":{"rendered":"Amazon, inflation drag U.S. markets down, commodities pressure TSX"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/1282\/Barry-Schwartz\">Barry Schwartz<\/a>, including <a href=\"https:\/\/stockchase.com\/company\/view\/1381\/X-T\">TMX Group<\/a>.<span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Jun 24\/19, Up 54%<\/strong><\/span><span style=\"font-family: inherit; font-size: inherit;\">) <\/span><strong style=\"font-family: inherit; font-size: inherit;\"><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/strong><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>On Friday, data showed that U.S. consumer spending rose more than expected in June, which pushed annual inflation above the Federal Reserve&#8217;s 2% target. This triggered anxiety in some investors.<\/p>\n<p>Further pressure came from <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a>, which sank 7.6% in its biggest daily drop since May 2020 after Q2 sale narrowly missed the street&#8217;s estimates and the company warned that sales would ease in coming months as consumers spend more outside the home. The result was a down day to end a record-breaking week: the Dow -0.42%, the S&amp;P 0.54%% and the Nasdaq -0.71%. For the week, both the both the Dow and S&amp;P lost a third of a percentage point, but the former climbed almost 2% for July and the latter nearly 2.5% added for the month. The Nasdaq shed 1% for the week, but rose 1% in July.<\/p>\n<p>The TSX closed -0.12% for the day, but was up 0.5% for the week. Most sectors performed well, but energy and financials dragged the index down. Winners included <a href=\"https:\/\/stockchase.com\/company\/view\/2412\/QSR-T\">Restaurant Brands International<\/a>, the home of Timmy&#8217;s, which served a 5.42% gain, <a href=\"https:\/\/stockchase.com\/company\/view\/4533\/TVE-T\">Tamarack Valley Energy<\/a> up 4.67%, <a href=\"https:\/\/stockchase.com\/company\/view\/1783\/YRI-T\">Yamana Gold<\/a> up 3.71%. Losers included <a href=\"https:\/\/stockchase.com\/company\/view\/2655\/DML-T\">Denison Mines<\/a> which closed -5.59%, <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">BMO<\/a> at -2.07%, <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> at -5%. The price of WTI crude was flat, while WCS gained 0.5% to approach $60 per barrel.<\/p>\n<p>&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com<\/a> -7.6%<br \/>\n&#x1f35b; <a href=\"https:\/\/stockchase.com\/company\/view\/2412\/QSR-T\">Restaurant Brands International<\/a> +5.42%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4533\/TVE-T\">Tamarack Valley Energy<\/a> +4.67%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/1783\/YRI-T\">Yamana Gold Inc.<\/a> +3.71%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2655\/DML-T\">Denison Mines Corp<\/a> -5.59%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">Bank of Montreal<\/a> -2.07%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc.<\/a> -5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Barry Schwartz, including TMX Group. (A Top Pick Jun 24\/19, Up 54%) Get Premium to receive all past top picks opinions a few hours before market open. On Friday, data showed [&hellip;]<\/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-237591","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\/237591","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=237591"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/237591\/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=237591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=237591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=237591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}