The 10-year U.S. Treasury yield jumped Tuesday to 1.54%, its highest level since June. Stocks sold off with tech bearing the brunt. On Wall Street, the S&P closed -2.04%, the Dow -1.63% and the Nasdaq -2.83%. Selling hit all sectors, though energy suffered the least.<\/p>\n
Notable movers: Boeing<\/a> at -2.61%, Goldman Sachs<\/a> -2.63%, Adobe<\/a> -4.12%, Microsoft<\/a> -3.62% and Apple<\/a> -2.34%. One of the few gainers was weed stock Aurora<\/a> up 7.05%. The rising yield actually reflects expectations for a strengthening economy, but triggers a rotation out of long-duration growth stocks which are valued on future earnings. Also, fund managers are booking profits before Q3 ends. All of this plays into September seasonality.<\/p>\n More weighted in oil, the TSX declined only 1.41% though tech plunged 3.66%. Energy still had a mixed day as Baytex<\/a> rallied 2.34%, but TC Energy<\/a> sank 3.56%. Elsewhere, Hexo<\/a> sank 5.43% and Air Canada<\/a> dove 2.55%. The big news on Bay Street was the merger of Agnico Eagle<\/a> and Kirkland Lake<\/a> which closed -1.22% and -7.76% respectively. Crude oil lost only a little ground as WTi slipped 0.83% to $just below $75 a barrel and WCS retreated 0.42% to $63 and change. Meanwhile, gold lost 1% and Bitcoin<\/a> shed 3.5% to $41,500.<\/p>\n 🛫 Boeing<\/a> -2.61% The 10-year U.S. Treasury yield jumped Tuesday to 1.54%, its highest level since June. Stocks sold off with tech bearing the brunt. On Wall Street, the S&P closed -2.04%, the Dow -1.63% and the Nasdaq -2.83%. Selling hit all sectors, […]<\/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-246170","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\/246170","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=246170"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/246170\/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=246170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=246170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=246170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🏛 Goldman Sachs<\/a> -2.63%
\n💾 Adobe Systems<\/a> -4.12%
\nⓂ Microsoft<\/a> -3.62%
\n🍎 Apple<\/a> -2.34%
\n🌿 Aurora Cannabis<\/a> +7.05%
\n🛢 Baytex Energy Corp<\/a> +2.34%
\n🛢 TC Energy<\/a> -3.56%
\n🌿 Hexo Corp<\/a> -5.43%
\n✈ Air Canada<\/a> -2.55%
\n⛏ Agnico-Eagle Mines<\/a> -1.22%
\n🥇 Kirkland Lake Gold<\/a> -7.76%
\n🅱 The Bitcoin Fund<\/a> -3.5%<\/p>\n","protected":false},"excerpt":{"rendered":"