{"id":272315,"date":"2022-04-05T17:53:07","date_gmt":"2022-04-05T21:53:07","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=272315"},"modified":"2022-04-05T17:53:07","modified_gmt":"2022-04-05T21:53:07","slug":"hawkish-fed-pressures-stocks-oil-weakens","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/hawkish-fed-pressures-stocks-oil-weakens\/","title":{"rendered":"Hawkish Fed pressures stocks, oil weakens"},"content":{"rendered":"<p>On Tuesday, Hawkish comments by a member of the U.S. Fed triggered a sell-off in U.S. stocks, particularly tech. As the U.S. 10-year yield climbed to 2.558%, American stocks sold into the close: the S&amp;P -1.25%, the Nasdaq -2.26% and the Dow -0.8%.<\/p>\n<p>Infrastructure and healthcare saw some gains: <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth<\/a> up 1.52%, <a href=\"https:\/\/stockchase.com\/company\/view\/66\/AMT-N\">American Tower<\/a> 1.97% and <a href=\"https:\/\/stockchase.com\/company\/view\/5545\/CCI-N\">Crown Castle<\/a> 2.13%. However, tech stocks were the biggest losers: <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> -3.36%, <a href=\"https:\/\/stockchase.com\/company\/view\/6658\/AFRM-Q\">Affirm Holdings<\/a> -8.09% and <a href=\"https:\/\/stockchase.com\/company\/view\/2205\/BIDU-Q\">Baidu<\/a> -5.97%. Even <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> retreated, shedding 0.8% to slip below $46,000.<\/p>\n<p>Despite the U.S. and Europe considering new sanctions against Russia, oil actually slid. WTI fell 3% to $100 and WCS slid to $84.50. The TSX began Tuesday making a new intra-day high, but steadily sold off to shed 0.71% below 22,000. Among the big gainers were <a href=\"https:\/\/stockchase.com\/company\/view\/379\/DOL-T\">Dollarama<\/a> up 3.25%, <a href=\"https:\/\/stockchase.com\/company\/view\/743\/L-T\">Loblaw<\/a> 3.06% and <a href=\"https:\/\/stockchase.com\/company\/view\/520\/GIBA-T\">CGI<\/a> 2.59%. Losing ground were <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy<\/a> at -5.88%, <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex Energy<\/a> -3.51% and <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier<\/a> -3.4%. Staples and telcos were the only TSX sectors in the green.<\/p>\n<p>&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth Group Inc (UNH-N)<\/a> +1.52%<br \/>\n&#x1f4e1; <a href=\"https:\/\/stockchase.com\/company\/view\/66\/AMT-N\">American Tower (AMT-N)<\/a> +1.97%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/5545\/CCI-N\">Crown Castle International (CCI-N)<\/a> +2.13%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> -3.36%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/6658\/AFRM-Q\">Affirm Holdings (AFRM-Q)<\/a> -8.09%<br \/>\n&#x1f232; <a href=\"https:\/\/stockchase.com\/company\/view\/2205\/BIDU-Q\">Baidu.com (BIDU-Q)<\/a> -5.97%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.8%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/379\/DOL-T\">Dollarama Inc. (DOL-T)<\/a> +3.25%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/743\/L-T\">Loblaw Companies Ltd (L-T)<\/a> +3.06%<br \/>\n&#x1f468;&#x200d;&#x1f4bc; <a href=\"https:\/\/stockchase.com\/company\/view\/520\/GIBA-T\">CGI Group (A) (GIB.A-T)<\/a> +2.59%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> -5.88%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex Energy Corp (BTE-T)<\/a> -3.51%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier Inc (B) (BBD.B-T)<\/a> -3.4%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, Hawkish comments by a member of the U.S. Fed triggered a sell-off in U.S. stocks, particularly tech. As the U.S. 10-year yield climbed to 2.558%, American stocks sold into the close: the S&amp;P -1.25%, the Nasdaq -2.26% and [&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-272315","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\/272315","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=272315"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/272315\/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=272315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=272315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=272315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}