For the second day, inflation data pressured markets. On Wednesday, the U.S. released CPI numbers that were much higher than expected at levels last seen in 1990. On Wall Street, the Dow closed -0.66%, the S&P -0.82% and the Nasdaq -1.66% as investors feared that the fresh data will induce the U.S. Fed into raising interest rates sooner than later. The U.S. 10-year yield jumped 8.59% to 1.55% after declining in recent weeks.<\/p>\n
Industrials, tech and energy in particular sold off, including Salesforce<\/a> at -3.24%, Nvidia<\/a> at -3.91%, Microsoft<\/a> by -1.53%, Nike<\/a> at -3.2%, and Facebook<\/a> at -2.34%. A bright spot was Tesla<\/a> which rebounded 4.34% from recent selling and Mastercard<\/a> up 3.86%.<\/p>\n The price of crude oil sank and took the TSX down 0.61%. WTI slid 3.4% to around $81 per barrel while WCS tanked by 6.66% to roughly $60. Instead, investors flocked to gold, pushing up the shiny rock by 1.28% to $1,850 an ounce. Winners in Toronto included Linamar<\/a> which jumped about 6% on an earnings beat, Kinross<\/a> rising 3.73%, Alaris Equity Partners<\/a> climbing 6.2% also on earnings, and Barrick<\/a> which popped 4.75%. In contrast, Vermilion<\/a> tanked by 11.29%, Denison Mines<\/a> plunged 7.63% and Bombardier<\/a> skidded 2.44%. Lastly, Bitcoin<\/a> fell by nearly 5% to $64,500.<\/p>\n 💨 SalesForce.com Inc. (CRM-N)<\/a> -3.24% For the second day, inflation data pressured markets. On Wednesday, the U.S. released CPI numbers that were much higher than expected at levels last seen in 1990. On Wall Street, the Dow closed -0.66%, the S&P -0.82% and the Nasdaq […]<\/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-253010","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\/253010","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=253010"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/253010\/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=253010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=253010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=253010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💿 Nvidia Corp (NVDA-Q)<\/a> -3.91%
\nⓂ Microsoft (MSFT-Q)<\/a> -1.53%
\n👟 Nike Inc (NKE-N)<\/a> -3.2%
\n🕵️♂️ Facebook (FB-Q)<\/a> -2.34%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> +4.34%
\n💳 Mastercard Inc. (MA-N)<\/a> +3.86%
\n🚙 Linamar Corp (LNR-T)<\/a> +6%
\n🥇 Kinross Gold (K-T)<\/a> +3.73%
\n🏛 Alaris Equity Partners Income Trust (AD.UN-T)<\/a> +6.2%
\n🥇 Barrick Gold (ABX-T)<\/a> +4.75%
\n🛢 Vermilion Energy Inc (VET-T)<\/a> -11.29%
\n⛏ Denison Mines Corp (DML-T)<\/a> -7.63%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -2.44%
\n🅱 Bitcoin Cash (CRYPTO:BCH)<\/a> -5%<\/p>\n","protected":false},"excerpt":{"rendered":"