A day after the U.S. Fed announced it was accelerating tapering and raising rates three times in 2022, tech stocks reversed gains made late Wednesday and instead slid Thursday. The Nasdaq tanked 2.47% as the S&P slipped 0.87% and the Dow as well as TSX was basically flat.<\/p>\n
It was a rare day when tech leaders, Apple<\/a> and Microsoft<\/a> shed nearly 4% and 3% respectively. Adobe<\/a> sank over 10% after issuing weaker-than-expected guidance while AMD<\/a> lost 5.37%. While financials rose, the Dow components were generally mixed for the day. Heading down were Boeing<\/a> at -2.37% and Salesforce<\/a> at -2.66%. However, things looked brighter on the S&P where Nucor<\/a> recovered 5.2%, AT&T<\/a> soared about 7% and Newmont<\/a> jumped 8.8%. Gold ticked up to $1,800 an ounce, but Bitcoin<\/a> slipped over 2% to $48,000.<\/p>\n The Toronto index shed 29 points in an otherwise undramatic session. Gains in materials offsets losses in tech. Kinross Gold<\/a> jumped 6.65% and Barrick<\/a> rallied nearly 4%. Likewise, Tamarack Valley<\/a> climbed 3.14%. In contrast, BMO<\/a> closed -2.39%, Air Canada<\/a> -3.19%, Lightspeed<\/a> -7.25% and Bombardier<\/a> -5.56%. Helping the TSX was crude oil. WTI prices rose 1.5% to $72 a barrel, while WCS added 2.25% to nearly $57.<\/p>\n 🍎 Apple (AAPL-Q)<\/a> -4% A day after the U.S. Fed announced it was accelerating tapering and raising rates three times in 2022, tech stocks reversed gains made late Wednesday and instead slid Thursday. The Nasdaq tanked 2.47% as the S&P slipped 0.87% and the […]<\/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-257554","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\/257554","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=257554"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/257554\/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=257554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=257554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=257554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nⓂ Microsoft (MSFT-Q)<\/a> -3%
\n💾 Adobe Systems (ADBE-Q)<\/a> -10%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -5.37%
\n🛫 Boeing (BA-N)<\/a> -2.37%
\n💨 SalesForce.com Inc. (CRM-N)<\/a> -2.66%
\n⛏ Nucor Corp. (NUE-N)<\/a> +5.2%
\n📱 AT&T (T-N)<\/a> +7%
\n🥇 Newmont Goldcorp (NGT-T)<\/a> +8.8%
\n🅱 Bitcoin Cash (CRYPTO:BCH)<\/a> -2%
\n🥇 Kinross Gold (K-T)<\/a> +6.65%
\n🥇 Barrick Gold (ABX-T)<\/a> +4%
\n🛢 Tamarack Valley Energy (TVE-T)<\/a> +3.14%
\n🏛 Bank of Montreal (BMO-T)<\/a> -2.39%
\n🛫 Air Canada (AC-T)<\/a> -3.19%
\n💿 Lightspeed Commerce Inc (LSPD-T)<\/a> -7.25%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -5.56%<\/p>\n","protected":false},"excerpt":{"rendered":"