{"id":243521,"date":"2021-09-10T18:29:09","date_gmt":"2021-09-10T22:29:09","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=243521"},"modified":"2021-09-11T08:11:33","modified_gmt":"2021-09-11T12:11:33","slug":"markets-drift-down-to-end-the-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-drift-down-to-end-the-week\/","title":{"rendered":"Markets drift down to end the week"},"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\/28\/Robert-McWhirter\">Robert McWhirter<\/a>, including <a href=\"https:\/\/stockchase.com\/company\/view\/2412\/QSR-T\">Restaurant Brands International<\/a> <span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Sep 30\/19, Down 22%<\/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>The NYSE and Nasdaq observed a moment of silence to memorialize the victims and honour the heroes of the 9\/11 World Trade Center attacks 20 years ago. Markets themselves extended losses from earlier this week with the S&amp;P closing -0.77%, the Dow -0.78% and the Nasdaq -0.87%. Worries over inflation continue to dog investors while others interpret the past week as the markets taking a breather from making several record highs in recent weeks. The Nasdaq retreated 1.6% for the week while the S&amp;P declined 1.24%. To put this in perspective, the S&amp;P has climbed 19% so far in 2021.<\/p>\n<p>Pressuring American markets was <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> which tumbled 3.31% after a court ruled mostly sided with Epic Games&#8217; anti-trust lawsuit, decreeing that Apple must let developers of mobile apps steer customers to outside payment methods. In other words, open the App Store to competition. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/6658\/AFRM-Q\">Affirm Holdings<\/a> soared over 34% after the company updated its revenue forecast. Other big movers: <a href=\"https:\/\/stockchase.com\/company\/view\/6174\/UAL-Q\">United Airlines<\/a> -4.81%, <a href=\"https:\/\/stockchase.com\/company\/view\/2643\/LVS-N\">Las Vegas Sands<\/a> -4.19% and <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate<\/a> at -3.92%.<\/p>\n<p>In Canada, the TSX closed -0.35% even though crude oil rebounded with WCS jumping over 2% past $69 per barrel and WCS popping 3.3% to nearly $58. As tech was flat, the other major sectors except energy suffered losses. Notable stocks included <a href=\"https:\/\/stockchase.com\/company\/view\/1268\/TRZ-T\">Air Transat<\/a>, diving 2.87% on a downgrade and cannabis stocks like <a href=\"https:\/\/stockchase.com\/company\/view\/5737\/HEXO-T\">Hexo<\/a> losing 4.55%. On the upside were <a href=\"https:\/\/stockchase.com\/company\/view\/228\/CCO-T\">Cameco<\/a> up 6.79%, <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources<\/a> at 3.59% and Hudbay Minerals jumping 5.76%. The TSX retreated 1.3% for the week. Meanwhile, Bitcoin slipped 2% and gold 0.6%<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> -3.31%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/6658\/AFRM-Q\">Affirm Holdings<\/a> +34%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/6174\/UAL-Q\">United Airlines Holdings<\/a> -4.81%<br \/>\n&#x2660; <a href=\"https:\/\/stockchase.com\/company\/view\/2643\/LVS-N\">Las Vegas Sands Corp.<\/a> -4.19%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate Technology<\/a> -3.92%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/1268\/TRZ-T\">Transat AT Inc.<\/a> -2.87%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5737\/HEXO-T\">Hexo Corp<\/a> -4.55%<br \/>\n&#x1f9f1; <a href=\"https:\/\/stockchase.com\/company\/view\/228\/CCO-T\">Cameco Corporation<\/a> +6.79%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources Ltd. (B)<\/a> +3.59%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals Inc.<\/a> +5.76%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -2%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Robert McWhirter, including Restaurant Brands International (A Top Pick Sep 30\/19, Down 22%) Get Premium to receive all past top picks opinions a few hours before market open. The NYSE and [&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-243521","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\/243521","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=243521"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/243521\/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=243521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=243521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=243521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}