The trading week began with tech stocks sliding, even though the U.S. 10-year yield held steady around 1.48%. While the Dow closed -0.94% and the S&P -1.39%, the Nasdaq plunged 2.14%.<\/p>\n
Adobe<\/a> closed -3.29%, Apple<\/a> -2.46%, Amazon<\/a> -2.85% and Facebook<\/a> -4.89%, down 15% from all-time highs. There appeared to be no single trigger to the sale, apart from profit-taking. Apart from energy which saw modest gains, the major Dow components showed weakness. The credit card companies were down, such as Mastercard<\/a> by 4.44%, while Moderna<\/a> slipped 4.47%. In contrast, energy names rallied, including Devon<\/a> by 5.3%. WTI crude increased 2.2% to nearly $78 per barrel as WCS climbed even more to roughly $65.50.<\/p>\n Oil’s strength helped the TSX limit its losses to -0.49% at 20,052. Materials also enjoyed a modest bounce, but the rest of the sectors were in the red. Leaders included Baytex Energy<\/a> which jumped 4.46%, Crescent Point Energy<\/a> by 3.18% and CNQ<\/a> up 3.14%. As in America, Canadian tech took a big hit as Shopify<\/a> tumbled 3% and Lightspeed<\/a> 8.51%. Transport name TFI International<\/a> skidded 2.71%. Meanwhile, gold held steady while Bitcoin<\/a> climbed 0.84% to top $49,000.<\/p>\n 💾 Adobe Systems<\/a> -3.29% The trading week began with tech stocks sliding, even though the U.S. 10-year yield held steady around 1.48%. While the Dow closed -0.94% and the S&P -1.39%, the Nasdaq plunged 2.14%. Adobe closed -3.29%, Apple -2.46%, Amazon -2.85% and Facebook […]<\/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-247066","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\/247066","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=247066"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/247066\/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=247066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=247066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=247066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🍎 Apple<\/a> -2.46%
\n📦 Amazon.com<\/a> -2.85%
\n🕵️♂️ Facebook<\/a> -4.89%
\n💳 Mastercard Inc.<\/a> -4.44%
\n💉 Moderna<\/a> -4.47%
\n🛢 Devon Energy Corp<\/a> +5.3%
\n🛢 Baytex Energy Corp<\/a> +4.46%
\n🛢 Crescent Point Energy Corp<\/a> +3.18%
\n🛢 Canadian Natural Rsrcs<\/a> +3.14%
\n🛍 Shopify Inc.<\/a> -3%
\n💾 Lightspeed Commerce Inc<\/a> -8.51%
\n🚚 TFI International Inc<\/a> -2.71%
\n🅱 The Bitcoin Fund<\/a> +0.84%<\/p>\n","protected":false},"excerpt":{"rendered":"