{"id":248028,"date":"2021-10-11T18:04:29","date_gmt":"2021-10-11T22:04:29","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=248028"},"modified":"2021-10-11T18:04:29","modified_gmt":"2021-10-11T22:04:29","slug":"u-s-markets-fade-oil-spikes","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-markets-fade-oil-spikes\/","title":{"rendered":"U.S. markets fade, oil spikes"},"content":{"rendered":"<p>With Canadian markets closed for Thanksgiving, American markets started the week fading into the close. Neither the tech or cyclical trade showed much conviction as the S&amp;P closed -0.69%, the Dow -0.72% and the Nasdaq -0.64%. The U.S. 10-year yield nudged up, but only slightly to 1.612% while <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> enjoyed its rally, popping 3.4% past $57,000.<\/p>\n<p>Utilities and communications showed some strength, but most sectors were in the red, including materials and real estate. Losing ground were apparel names such as the <a href=\"https:\/\/stockchase.com\/company\/view\/537\/GPS-N\">Gap<\/a> at -4.83, airlines including <a href=\"https:\/\/stockchase.com\/company\/view\/748\/LUV-N\">Southwest<\/a> at -4.17%, and <a href=\"https:\/\/stockchase.com\/company\/view\/4666\/TMUS-Q\">T-Mobile<\/a> finishing -3.32%. <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate<\/a> offered a rare bright spot by climbing 2.13%. However, the big news was crude oil, which continued to surge amid shortages. WTI added 1.4% to reach $80.50, but touched $82 during the session to return to highs last seen seven years ago.<\/p>\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> +3.4%<br \/>\n&#x1f9e2; <a href=\"https:\/\/stockchase.com\/company\/view\/537\/GPS-N\">Gap<\/a> -4.83%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/748\/LUV-N\">Southwest Airlines<\/a> -4.17%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/4666\/TMUS-Q\">T-Mobile US<\/a> -3.32%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate Technology<\/a> +2.13%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Canadian markets closed for Thanksgiving, American markets started the week fading into the close. Neither the tech or cyclical trade showed much conviction as the S&amp;P closed -0.69%, the Dow -0.72% and the Nasdaq -0.64%. The U.S. 10-year yield [&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-248028","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\/248028","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=248028"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/248028\/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=248028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=248028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=248028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}