{"id":265723,"date":"2022-02-16T18:14:50","date_gmt":"2022-02-16T23:14:50","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=265723"},"modified":"2022-02-16T18:14:50","modified_gmt":"2022-02-16T23:14:50","slug":"weak-tech-but-flat-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/weak-tech-but-flat-markets\/","title":{"rendered":"Weak tech, but flat markets"},"content":{"rendered":"<p>Wednesday markets were weak until the U.S. Fed released its latest minutes mid-afternoon. Markets didn&#8217;t bounce, but nearly climbed to break-even levels: the S&amp;P 0.09%, the Nasdaq -0.11% and the Dow -0.15%.<\/p>\n<p>Staples, energy and travel names led the gainers, including <a href=\"https:\/\/stockchase.com\/company\/view\/689\/KHC-Q\">Kraft Heinz<\/a> up 5.64%, <a href=\"https:\/\/stockchase.com\/company\/view\/1682\/DVN-N\">Devon<\/a> 4.73%, <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> 2.37% and <a href=\"https:\/\/stockchase.com\/company\/view\/940\/BKNG-Q\">Booking Holdings<\/a> up 2.79%. The street was happy with <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a>&#8216;s quarter and pushed shares 3.65% higher. Tech lagged with <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> down nearly 3%, <a href=\"https:\/\/stockchase.com\/company\/view\/5131\/PYPL-Q\">PayPal<\/a> sliding 4.2% and <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix<\/a> declining 2.42%. Plunging were <a href=\"https:\/\/stockchase.com\/company\/view\/6725\/VIAC-Q\">ViacomCBS<\/a> by nearly 18% and <a href=\"https:\/\/stockchase.com\/company\/view\/6685\/RBLX-N\">Roblox<\/a> tanking 26.41% after disappointing earnings. The U.S. 10-year yield retreated slightly to 2.082% while Bitcoin was basically flat just above $44,000.<\/p>\n<p>Crude oil also had a mixed session as WTI shed 1.8% to $90 a barrel though WCS added 0.4% to nearly $80. However, a 9% plunge in tech pushed the TSX down 0.45%, despite gains in materials. All eyes were on <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> which tanked 17.19% to fall below $1,000 after the company issued a growth warning. Also down were <a href=\"https:\/\/stockchase.com\/company\/view\/2012\/BYD-T\">Boyd Group Services<\/a> at -5.24%, <a href=\"https:\/\/stockchase.com\/company\/view\/4971\/PLC-T\">Park Lawn<\/a> -4.14% and <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> at -3.74%. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold<\/a> rose 7.14%, <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold<\/a> 3.19% and <a href=\"https:\/\/stockchase.com\/company\/view\/707\/K-T\">Kinross Gold<\/a> 2.34%.<\/p>\n<p>&#x1f345; <a href=\"https:\/\/stockchase.com\/company\/view\/689\/KHC-Q\">Kraft Heinz Company (KHC-Q)<\/a> +5.64%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1682\/DVN-N\">Devon Energy Corp (DVN-N)<\/a> +4.73%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp. (CCL-N)<\/a> +2.37%<br \/>\n&#x1f9f3; <a href=\"https:\/\/stockchase.com\/company\/view\/940\/BKNG-Q\">Booking Holdings Inc. (BKNG-Q)<\/a> +2.79%<br \/>\n&#x1f3e0; <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb (ABNB-Q)<\/a> +3.65%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> -3%<br \/>\n&#x1f4b3; <a href=\"https:\/\/stockchase.com\/company\/view\/5131\/PYPL-Q\">PayPal Holdings Inc. (PYPL-Q)<\/a> -4.2%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix Inc. (NFLX-Q)<\/a> -2.42%<br \/>\n&#x1f4e1; <a href=\"https:\/\/stockchase.com\/company\/view\/6725\/VIAC-Q\">ViacomCBS (VIAC-Q)<\/a> -18%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/company\/view\/6685\/RBLX-N\">Roblox Corporation (RBLX-N)<\/a> -26.41%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> -17.19%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/2012\/BYD-T\">Boyd Group Services Inc. (BYD-T)<\/a> -5.24%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/4971\/PLC-T\">Park Lawn Corp (PLC-T)<\/a> -4.14%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed Commerce Inc (LSPD-T)<\/a> -3.74%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold (ABX-T)<\/a> +7.14%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold Corp. (BTO-T)<\/a> +3.19%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/707\/K-T\">Kinross Gold (K-T)<\/a> +2.34%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday markets were weak until the U.S. Fed released its latest minutes mid-afternoon. Markets didn&#8217;t bounce, but nearly climbed to break-even levels: the S&amp;P 0.09%, the Nasdaq -0.11% and the Dow -0.15%. Staples, energy and travel names led the gainers, [&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-265723","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\/265723","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=265723"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/265723\/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=265723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=265723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=265723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}