{"id":268604,"date":"2022-03-08T17:15:28","date_gmt":"2022-03-08T22:15:28","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=268604"},"modified":"2022-03-08T17:15:28","modified_gmt":"2022-03-08T22:15:28","slug":"oil-sanctions-choppy-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-sanctions-choppy-markets\/","title":{"rendered":"Oil sanctions, choppy markets"},"content":{"rendered":"<p>On Tuesday morning, U.S. President Biden announced long-awaited oil sanctions against Russian oil. Wall Street markets were tanking until that announcement, then see-sawed between red and green for the rest of the session though closed off the day&#8217;s lows. The S&amp;P finished -0.72%, the Nasdaq -0.28% and the Dow -0.56%. Energy and industrials were notable gainers, while tech led other sectors downward.<\/p>\n<p>Gainers included travel names <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> up 8.01% and <a href=\"https:\/\/stockchase.com\/company\/view\/940\/BKNG-Q\">Booking Holdings<\/a> at 4.53%, <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> jumping 6.76%, <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> surging 13.56% and <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed Bath &amp; Beyond<\/a> adding 5.3%. Laggards included <a href=\"https:\/\/stockchase.com\/company\/view\/956\/PG-N\">Procter &amp; Gamble<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/702\/KO-N\">Coca-Cola<\/a> at -3.96%, <a href=\"https:\/\/stockchase.com\/company\/view\/873\/NOC-N\">Northrup Grunman<\/a> -6.01% and <a href=\"https:\/\/stockchase.com\/company\/view\/6233\/FTNT-Q\">Fortinet<\/a> -4.99%.<\/p>\n<p>Unsurprisingly, <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron<\/a> leapt 5.24% and oil extending its run. WCS popped 4.5% to over $124 while WCS climbed over 3% to $111. The TSX didn&#8217;t close in the green today, but shed only 0.34% to stay above 21,000. Materials and staples actually outperformed energy stocks, whiel industrials, telcos and tech lagged. Big movers were <a href=\"https:\/\/stockchase.com\/company\/view\/660\/ITP-T\">Intertape Polymer<\/a> soaring over 76%, <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier<\/a> rising 14.66%, <a href=\"https:\/\/stockchase.com\/company\/view\/1132\/SNC-T\">SNC-Lavalin<\/a> 11.23% and <a href=\"https:\/\/stockchase.com\/company\/view\/2386\/NFI-T\">NFI Group<\/a> advancing 7.19%. Laggards included <a href=\"https:\/\/stockchase.com\/company\/view\/133\/BCE-T\">BCE<\/a> down 2.82%, <a href=\"https:\/\/stockchase.com\/company\/view\/5683\/NTR-T\">Nutrien<\/a> shedding -4% and <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> sliding 7.62%. Finally, <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> added 1.6% to trade around $38,500 while gold climbed 2.6% to $2,050.<\/p>\n<p>&#x1f3e0; <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb (ABNB-Q)<\/a> +8.01%<br \/>\n&#x1f9f3; <a href=\"https:\/\/stockchase.com\/company\/view\/940\/BKNG-Q\">Booking Holdings Inc. (BKNG-Q)<\/a> +4.53%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar (CAT-N)<\/a> +6.76%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems (BLDP-T)<\/a> +13.56%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed Bath &amp; Beyond (BBBY-Q)<\/a> +5.3%<br \/>\n&#x1f9f4; <a href=\"https:\/\/stockchase.com\/company\/view\/956\/PG-N\">Procter &amp; Gamble (PG-N)<\/a> -3.96%<br \/>\n&#x1f964; <a href=\"https:\/\/stockchase.com\/company\/view\/702\/KO-N\">Coca-Cola Company (KO-N)<\/a> -3.96%<br \/>\n&#x1f4a3; <a href=\"https:\/\/stockchase.com\/company\/view\/873\/NOC-N\">Northrop Grumman (NOC-N)<\/a> -6.01%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6233\/FTNT-Q\">Fortinet<\/a> -4.99%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron Texaco (CVX-N)<\/a> +5.24%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/660\/ITP-T\">Intertape Polymer Group (ITP-T)<\/a> +76%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier Inc (B) (BBD.B-T)<\/a> +14.66%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/1132\/SNC-T\">SNC-Lavalin Group Inc. (SNC-T)<\/a> +11.23%<br \/>\n&#x1f68c; <a href=\"https:\/\/stockchase.com\/company\/view\/2386\/NFI-T\">New Flyer Industries Inc. (NFI-T)<\/a> +7.19%<br \/>\n&#x1f4e1; <a href=\"https:\/\/stockchase.com\/company\/view\/133\/BCE-T\">BCE Inc. (BCE-T)<\/a> -2.82%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5683\/NTR-T\">Nutrien Ltd. (NTR-T)<\/a> -4%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> -7.62%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1.6%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday morning, U.S. President Biden announced long-awaited oil sanctions against Russian oil. Wall Street markets were tanking until that announcement, then see-sawed between red and green for the rest of the session though closed off the day&#8217;s lows. The [&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-268604","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\/268604","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=268604"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/268604\/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=268604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=268604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=268604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}