{"id":253961,"date":"2021-11-17T17:27:11","date_gmt":"2021-11-17T22:27:11","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=253961"},"modified":"2021-11-17T17:27:11","modified_gmt":"2021-11-17T22:27:11","slug":"markets-slip-amid-inflation-fears-and-weak-oil","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-slip-amid-inflation-fears-and-weak-oil\/","title":{"rendered":"Markets slip amid inflation fears and weak oil"},"content":{"rendered":"<p>Wednesday saw markets slump amid ongoing inflation and suply chain fears and a dip in crude oil prices. and lower than usual volumes. The TSX lost 0.58% as materials was the only sector to trade in the green. T<\/p>\n<p>he most active names included <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier<\/a> which dove 3.26%, and <a href=\"https:\/\/stockchase.com\/FOOD-T\">Goodfood Market<\/a> which tanked by over 26% after reporting its latest quarter. In contrast, <a href=\"https:\/\/stockchase.com\/FFH-T\">Fairfax<\/a> Holding jumped 6.73%, <a href=\"https:\/\/stockchase.com\/HLF-T\">High Liner Foods<\/a> climbed 6.17% and <a href=\"https:\/\/stockchase.com\/CFP-T\">Canfor<\/a> rallied 3.18%. Meanwhile, the Canadian dollar dipped below 80 cents, and the price of WCS slid nearly 3% but stayed above $60 a barrel while WTI tumbled 3.5% below $78 per barrel.<\/p>\n<p>Energy and financials pulled American markets down as the Dow closed -0.58%, the S&amp;P -0.26% and the Nasdaq -0.33%. <a href=\"https:\/\/stockchase.com\/V-N\">Visa<\/a> slumped 4.7% after Amazon announced it would stop allowing UK-issued Visa cards to process Amazon payments. <a href=\"https:\/\/stockchase.com\/MA-N\">Mastercard<\/a> was also hit, losing 2.81%. Though earnings from retailers have been robust in recent days, <a href=\"https:\/\/stockchase.com\/TGT-N\">Target<\/a> slid 4.73%. Meanwhile, <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> closed -2.86%, <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard<\/a> continued to slide, down nearly 3%, and <a href=\"https:\/\/stockchase.com\/RIVN-Q\">Rivian<\/a> tanked by 15% after going gangbusters after its recent IPO. On the upside, <a href=\"https:\/\/stockchase.com\/BNTX-Q\">BioNTech<\/a> jumped 5.41%, <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> gained 3.25% and <a href=\"https:\/\/stockchase.com\/TJX-N\">TJX<\/a> rose 5.83%. Lastly, the U.S. 10-year yield slipped below 1.6%.<\/p>\n<p>&#x1f682; <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier Inc (B) (BBD.B-T)<\/a> -3.26%<br \/>\n&#x1f371; <a href=\"https:\/\/stockchase.com\/FOOD-T\">Goodfood Market Corp. (FOOD-T)<\/a> -26%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/FFH-T\">Fairfax Financial (FFH-T)<\/a> +6.73%<br \/>\n&#x1f364; <a href=\"https:\/\/stockchase.com\/HLF-T\">High Liner Foods (HLF-T)<\/a> +6.17%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/CFP-T\">Canfor Corp (CFP-T)<\/a> +3.18%<br \/>\n&#x1f4b3; <a href=\"https:\/\/stockchase.com\/V-N\">Visa Inc. (V-N)<\/a> -4.7%<br \/>\n&#x1f4b3; <a href=\"https:\/\/stockchase.com\/MA-N\">Mastercard Inc. (MA-N)<\/a> -2.81%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/TGT-N\">Target Corp (TGT-N)<\/a> -4.73%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs (GS-N)<\/a> -2.86%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard (ATVI-Q)<\/a> -3%<br \/>\n&#x1f69b; <a href=\"https:\/\/stockchase.com\/RIVN-Q\">Rivian Automotive (RIVN-Q)<\/a> -15%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/BNTX-Q\">BioNTech (BNTX-Q)<\/a> +5.41%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> +3.25%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/TJX-N\">TJX Companies (TJX-N)<\/a> +5.83%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday saw markets slump amid ongoing inflation and suply chain fears and a dip in crude oil prices. and lower than usual volumes. The TSX lost 0.58% as materials was the only sector to trade in the green. T he [&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-253961","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\/253961","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=253961"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/253961\/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=253961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=253961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=253961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}