Despite a promising rebound Wednesday morning, markets extended losses during the session as Russia’s invasion of Ukraine continued to weigh on investors’ minds. Add to this ongoing expectations of central banks imminently raising interest rates. The S&P closed -1.84%, the Nasdaq -2.57% (down nearly 20% from its peak) and the Dow -1.38%. However, the U.S. 10-year yield spiked more than 2% to 1.982%.<\/p>\n
Among the few gainers were oil stocks, such as Chevron<\/a> which rose 2.38%, Molson Coors<\/a> up 4.57% and some gambling stocks rallied including Caesars Entertainment<\/a> by 2.76% and Penn National<\/a> at 2.38%. Tech took the brunt of the selling: Tesla<\/a> -7% and Amazon<\/a> -3.58%. However, the selling touched nearly sector: Deere<\/a> -4.6%, Domino’s Pizza<\/a> -4.74% and Martin Marietta Materials<\/a> -3.86%. Bitcoin<\/a> had a relatively stable day, down 0.33% to around $37,800.<\/p>\n Meanwhile, crude oil continued to climb amid the Russian-Ukraine backdrop. WTI rose 0.4% to over $92 a barrel and WCS bubbled under $80. That helped limit the TSX’s losses as it closed -0.78%. Energy and especially materials were the only sectors in the green. Notable movers were Bombardier<\/a> at -3.73%, Royal Bank<\/a> -1.3%, CNR<\/a> -2.44%, Air Canada<\/a> -2.12% and Gildan Activewear<\/a> up 3.49%.<\/p>\n 🛢 Chevron Texaco (CVX-N)<\/a> +2.38% Despite a promising rebound Wednesday morning, markets extended losses during the session as Russia’s invasion of Ukraine continued to weigh on investors’ minds. Add to this ongoing expectations of central banks imminently raising interest rates. The S&P closed -1.84%, 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-266630","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\/266630","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=266630"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/266630\/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=266630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=266630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=266630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🍻 Molson Coors Brewing Company (TAP-N)<\/a> +4.57%
\n♠ Caesars Entertainment (CZR-Q)<\/a> +2.76%
\n♠ Penn National Gaming Inc (PENN-Q)<\/a> +2.38%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> -7%
\n📦 Amazon.com (AMZN-Q)<\/a> -3.58%
\n🦌 Deere & Co. (DE-N)<\/a> -4.6%
\n🍕 Domino’s Pizza, Inc. (DPZ-N)<\/a> -4.74%
\n🧱 Martin Marietta Materials (MLM-N)<\/a> -3.86%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.33%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -3.73%
\n🏛 Royal Bank (RY-T)<\/a> -1.3%
\n🚂 Canadian National R.R. (CNR-T)<\/a> -2.44%
\n🛫 Air Canada (AC-T)<\/a> -2.12%
\n👕 Gildan Activewear Inc. (GIL-T)<\/a> +3.49%<\/p>\n","protected":false},"excerpt":{"rendered":"