Markets began the week on a negative note as cautious investors sold growth stocks and other classes ahead of the U.S. Fed’s comments on Wednesday. The Fed’s Jerome Powell is expected to accelerate tapering and re-address the timeline to hike interest rates in 2022, both driven by current strong inflation numbers. On Monday, the Dow closed -0.89%, the S&P -0.91% and the Nasdaq -1.39%. Besides tech, industrials and financials also sold off on Wall Street while healthcare names moved into the green.<\/p>\n
Boeing<\/a> dove 3.5% as many travel names sank, including Airbnb<\/a> by 5.43% and American Airlines<\/a> by 5.08%. Meme stocks, once hot earlier this year, continued to tank. Gamestop<\/a> slid nearly 14% during the session. Meanwhile, Wall Street kept an eye on Apple<\/a> which flirted briefly with a $3-trillion market cap, but declined 2% by the close.<\/p>\n Losses in Toronto were shallower, given how WTI crude retrenched a modest 0.66% to $71 per barrel while WCS actually inched into the positive to $55. Like Wall Street, tech, financials and industrials also weakened though materials were in the green. The rails traded the most hands, but declined: CP<\/a> closed -2.23% and CN<\/a> -3.45%. Suncor<\/a> finished -2.36% and Crescent Point<\/a> -4.3%. Moving up, however, were Franco-Nevada<\/a> at 2.28%, Kirkland Lake Gold<\/a> by 2.62% and Agnico Eagle<\/a> at 3.07%<\/p>\n 🛫 Boeing (BA-N)<\/a> -3.5% Markets began the week on a negative note as cautious investors sold growth stocks and other classes ahead of the U.S. Fed’s comments on Wednesday. The Fed’s Jerome Powell is expected to accelerate tapering and re-address the timeline to hike […]<\/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-257043","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\/257043","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=257043"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/257043\/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=257043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=257043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=257043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🧳 Airbnb (ABNB-Q)<\/a> -5.43%
\n✈ American Airlines Group (AAL-Q)<\/a> -5.08%
\n🎮 GameStop Corp. (GME-N)<\/a> -14%
\n🍎 Apple (AAPL-Q)<\/a> -2%
\n🚂 Canadian Pacific Rail (CP-T)<\/a> -2.23%
\n🚂 Canadian National R.R. (CNR-T)<\/a> -3.45%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -2.36%
\n🛢 Crescent Point Energy Corp (CPG-T)<\/a> -4.3%
\n🥇 Franco-Nevada Corp. (FNV-T)<\/a> +2.28%
\n🥇 Kirkland Lake Gold (KL-T)<\/a> +2.62%
\n⛏ Agnico-Eagle Mines (AEM-T)<\/a> +3.07%<\/p>\n","protected":false},"excerpt":{"rendered":"