Wall Street returned to business Tuesday and slid after yields spiked. The Dow finished -1.51%, the S&P -1.83% and the Nasdaq -2.69%, nearly putting the tech-heavy index in 10% correction territory. Stocks plunged as the 10-year yield touched 1.877% for the first time since January 2020.<\/p>\n
There was a lot of red glowing across trading screens as Ford<\/a> finished the session -3.22%, Meta\/Facebook<\/a> -4.14%, Apple<\/a> -1.89% and Goldman Sachs<\/a> -6.96% after releasing a disappointing earnings report. The rising yield overshadowed a blockbuster deal whereby Microsoft bought Activision Blizzard for $68.7 billion. MSFT<\/a> shed 2.43% while ATVI<\/a> jumped nearly 26%, but shares landed almost $13 short of the $95\/share deal price. Among the few gainers on Tuesday were fellow gaming company, Electronic Arts<\/a>, up 2.66%.<\/p>\n In Toronto, ever-rising oil prices helped cushion the sell off on The TSX which closed -1.22%. WTI rose 2.4% to $85.85 while WCS added 0.65% to $71.71. Gainers included MTY Food Group<\/a>, up 3.07%, Cineplex<\/a> 2.66%, Tourmaline<\/a> 2.56%, AutoCanada<\/a> 2.4% and Cargojet<\/a> up 2.31%. Laggards included Crescent Point<\/a> at -2.27%, Kinross Gold<\/a> -3.24%, Canopy Growth<\/a> at -7.61% and Brookfield Asset Management<\/a> at -4.02%. Meanwhile, gold held steady at $1,813 an ounce while Bitcoin<\/a> slipped 0.83% to just above $42,000.<\/p>\n 🚘 Ford Motor (F-N)<\/a> -3.22% Wall Street returned to business Tuesday and slid after yields spiked. The Dow finished -1.51%, the S&P -1.83% and the Nasdaq -2.69%, nearly putting the tech-heavy index in 10% correction territory. Stocks plunged as the 10-year yield touched 1.877% for […]<\/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-261394","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\/261394","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=261394"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/261394\/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=261394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=261394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=261394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🕵️♂️ Meta Platforms Inc \/ Facebook (FB-Q)<\/a> -4.14%
\n🍎 Apple (AAPL-Q)<\/a> -1.89%
\n🏛 Goldman Sachs (GS-N)<\/a> -6.96%
\nⓂ Microsoft (MSFT-Q)<\/a> -2.43%
\n🎮 Activision Blizzard (ATVI-Q)<\/a> +26%
\n🎮 Electronic Arts Inc (EA-Q)<\/a>\u00a0+2.66%
\n🍖 MTY Food Group (MTY-T)<\/a> +3.07%
\n🎞 Cineplex Inc (CGX-T)<\/a> +2.66%
\n🛢 Tourmaline Oil Corp (TOU-T)<\/a> +2.56%
\n🚗 AutoCanada Inc. (ACQ-T)<\/a> +2.4%
\n🛫 Cargojet Inc (CJT-T)<\/a> +2.31%
\n🛢 Crescent Point Energy Corp (CPG-T)<\/a> -2.27%
\n🥇 Kinross Gold (K-T)<\/a> -3.14%
\n🌿 Canopy Growth Corp. (WEED-T)<\/a> -7.61%
\n🏛 Brookfield Asset Management Inc. (BAM-N)<\/a> -4.02%
\n🅱 Bitcoin Cash (CRYPTO:BCH)<\/a> -0.83%<\/p>\n","protected":false},"excerpt":{"rendered":"