{"id":249906,"date":"2021-10-22T18:06:06","date_gmt":"2021-10-22T22:06:06","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=249906"},"modified":"2021-10-22T18:50:25","modified_gmt":"2021-10-22T22:50:25","slug":"dow-up-tech-down","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/dow-up-tech-down\/","title":{"rendered":"Dow up, tech down"},"content":{"rendered":"<p>On the whole, the week was positive for stocks as the Dow made a record high Friday, rising 0.21% to 35,670. However, the S&amp;P closed -0.11% and the Nasdaq -0.82%. Tech and industrials lagged, while energy and financials roared.<\/p>\n<p>Notable movers on Wall Street included <a href=\"https:\/\/stockchase.com\/HON-N\">Honeywell<\/a> which slid 3.24%, <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> down 3.72%, <a href=\"https:\/\/stockchase.com\/OXY-N\">Occidental<\/a> gaining 3.45%, <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> up 5.5% and <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> which plunged 11.68% due to supply shortages. However, that was nothing compared to <a href=\"https:\/\/stockchase.com\/SNAP-N\">Snap<\/a> which tanked by 26.66% after sharply missing revenue expectations that the CEO blamed on Apple&#8217;s recent privacy changes that stops advertisers from tracking their ad campaigns on iPhones. This concern spread to <a href=\"https:\/\/stockchase.com\/META-Q\">Facebook<\/a> which lost 5%. As tech languished, the U.S. 10-year yield held steady around 1.64% and <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> shed 3.45% to trade below $61,000. Despite Friday&#8217;s weakness, American stocks were up for the week with the Nasdaq gaining 1.29%.<\/p>\n<p>The same was said of the TSX which made several record highs this week, though closed flat Friday, up three points. All the sectors actually rose, except tech. Gaining were <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier<\/a> by 4.35%, <a href=\"https:\/\/stockchase.com\/ACQ-T\">AutoCanada<\/a> at 4.81%, <a href=\"https:\/\/stockchase.com\/MEG-T\">Meg Energy<\/a> up 3.74% and <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex<\/a> up 2.72%. Heading down were <a href=\"https:\/\/stockchase.com\/CJR.B-T\">Corus<\/a> by nearly 5%, <a href=\"https:\/\/stockchase.com\/HEXO-T\">Hexo<\/a> at -6.22% and <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> which slid 3.15%. The Canadian dollar was flat just below 81 cents against the USD. Finally cruise WTI rose 1.7% to nearly $84 per barrel and WCS over 1% to $69.<\/p>\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/HON-N\">Honeywell International (HON-N)<\/a> -3.24%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group (AAL-Q)<\/a> -3.72%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/OXY-N\">Occidental Petroleum Corp (OXY-N)<\/a> +3.45%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express (AXP-N)<\/a> +5.5.%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel (INTC-Q)<\/a> -11.68%<br \/>\n&#x1f933; <a href=\"https:\/\/stockchase.com\/SNAP-N\">Snap Inc. (SNAP-N)<\/a> -26.66%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/META-Q\">Facebook (FB-Q)<\/a> -5%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.45%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier Inc (B) (BBD.B-T)<\/a> +4.35%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/ACQ-T\">AutoCanada Inc. (ACQ-T)<\/a> +4.81%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/MEG-T\">MEG Energy Corp (MEG-T)<\/a> +3.74%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex Energy Corp (BTE-T)<\/a> +2.72%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/CJR.B-T\">Corus Entertainment (B) (CJR.B-T)<\/a> -5%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/HEXO-T\">Hexo Corp (HEXO-T)<\/a> -6.22%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry (BB-T)<\/a> -3.15%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the whole, the week was positive for stocks as the Dow made a record high Friday, rising 0.21% to 35,670. However, the S&amp;P closed -0.11% and the Nasdaq -0.82%. Tech and industrials lagged, while energy and financials roared. Notable [&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-249906","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\/249906","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=249906"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/249906\/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=249906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=249906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=249906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}