Normally, low jobless numbers pump the markets, but on Thursday American unemployment claims hit an 18-month low and stoked worries of a slowing recovery and the Fed scaling back its accomodative policies. The Dow and S&P fell by nearly half-a-percent while the Nasdaq retrenched 0.25%. Healthcare, tech and industrials struggled.<\/p>\n
Losing ground were Amgen<\/a> at -2.4%, Johnson & Johnson<\/a> at -2.23% and gamer Activision Blizzard<\/a> which sank another 2.79%. On the upside were Moderna<\/a> popping 7.81% amid President Biden announcing a new strategy to defeat the Delta variant, American Airlines<\/a> climbing 5.59%, and Lululemon<\/a> soaring 10.8% after a strong earnings beat. Gold held steady right below $1,800 per ounce while Bitcoin<\/a> inched up 0.38% to roughly $46,500.<\/p>\n Worries about a slowing recovery also dampened the TSX where tech and financials offsets weakness in energy. The TSX closed -0.18%. Notable movers included Lightspeed<\/a> which jumped 6.22%, Goeasy<\/a> up 4.78%, cannabis name Fire & Flower<\/a> at 3.33%, but also Canadian Pacific<\/a> sliding nearly 4%, Dollarama<\/a> down 3.15% citing lockdowns earlier this year hurting their bottom line, and Empire<\/a> which fell 3.43% after explaining that their supermarkets saw (unsurprising) less grocery buying amid the reopening. As noted, crude oil dragged the TSX down as WCS lost about 2% to $68 per barrel and WCS slipped over 2.6% to $57.<\/p>\n 🧫 Amgen Inc.<\/a> -2.4% Normally, low jobless numbers pump the markets, but on Thursday American unemployment claims hit an 18-month low and stoked worries of a slowing recovery and the Fed scaling back its accomodative policies. The Dow and S&P fell by nearly half-a-percent […]<\/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-243331","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\/243331","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=243331"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/243331\/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=243331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=243331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=243331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💉 Johnson & Johnson<\/a> -2.23%
\n🎮 Activision Blizzard<\/a> -2.79%
\n💉 Moderna<\/a> +7.81%
\n🛫 American Airlines Group<\/a> +5.59%
\n🩳 LuLulemon Athletica (US)<\/a> +10.8%
\n🅱 The Bitcoin Fund<\/a> +0.38%
\n💾 Lightspeed Commerce Inc<\/a> +6.22%
\n🏛 goeasy<\/a> +4.78%
\n🌿 Fire & Flower Holdings<\/a> +3.33%
\n🚂 Canadian Pacific Rail<\/a> -4%
\n🛍 Dollarama Inc.<\/a> -3.15%
\n🛒 Empire Company (A)<\/a> -3.43%<\/p>\n","protected":false},"excerpt":{"rendered":"