Ongoing fears of interest rate hikes triggered a market-wide sell-off Friday to cap a volatile week. The Dow closed -1.3%, the S&P -1.9% (to end its worst week since March 2020) and the Nasdaq -2.72% to tumble below 14,000. The Nasdaq sank 5.7% for the week, 12% year-to date and 15% from its all-time high, putting it squarely in correction territory. Stocks saw a choppy Friday morning, then sank in the afternoon as the VIX jumped 13.25% to nearly 29. However, the U.S. 10-year yield has ticked down from recent sessions to 1.758%.<\/p>\n
Notable movers: Disney<\/a> -6.67%, Boeing<\/a> -3.98%, Tesla<\/a> -5.13%, Ford<\/a> -4.36%, Amazon<\/a> -5.77% and ViacomCBS<\/a> -7.35%. Netflix<\/a> came out with earnings and projections late-Thursday and the market responding by selling off shares by 21.79%.<\/p>\n However, Peloton<\/a> bounced back 11.79% a day after it plunged before due to reports of a production halt. Not only stocks, but Bitcoin<\/a> tanked 10% to trade around $38,400. Canadian stocks weren’t spared from the sell-off. The TSX closed -2.07% and shed 736 points for the week. Big movers included Bombardier<\/a> at -8.28%, Cenovus<\/a> -4.07%, Canfor<\/a> -6.68% and Shopify<\/a> -13.4% to levels last seen in May 2020. Crude oil suffered milder losses with WTI shedding 0.85% to nearly $85 a barrel and WCS retreating over 1% to dip below $71.<\/p>\n 👸 Walt Disney Co. (DIS-N)<\/a> -6.67% Ongoing fears of interest rate hikes triggered a market-wide sell-off Friday to cap a volatile week. The Dow closed -1.3%, the S&P -1.9% (to end its worst week since March 2020) and the Nasdaq -2.72% to tumble below 14,000. 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-261864","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\/261864","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=261864"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/261864\/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=261864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=261864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=261864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛫 Boeing (BA-N)<\/a> -3.98%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> -5.13%
\n🚚 Ford Motor (F-N)<\/a> -4.36%
\n📦 Amazon.com (AMZN-Q)<\/a> -5.77%
\n📡 ViacomCBS (VIAC-Q)<\/a> -7.35%
\n📺 Netflix Inc. (NFLX-Q)<\/a> -21.79%
\n🚲 Peloton Interactive (PTON-Q)<\/a> +11.79%
\n🅱 Bitcoin Cash (CRYPTO:BCH)<\/a> -10%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -8.28%
\n🛢 Cenovus Energy (CVE-T)<\/a> -4.07%
\n🌲 Canfor Corp (CFP-T)<\/a> -6.68%
\n🛍 Shopify Inc. (SHOP-T)<\/a> -13.4%<\/p>\n","protected":false},"excerpt":{"rendered":"