{"id":273127,"date":"2022-04-11T17:13:51","date_gmt":"2022-04-11T21:13:51","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=273127"},"modified":"2022-04-11T17:13:51","modified_gmt":"2022-04-11T21:13:51","slug":"rising-yields-pressure-stocks-again","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/rising-yields-pressure-stocks-again\/","title":{"rendered":"Rising yields pressure stocks again"},"content":{"rendered":"<p>On Monday, the U.S. 10-year-yield climbed to 2.778%, which slammed tech and other stocks on Wall Street, though falling oil prices pressured Bay Street. The S&amp;P closed -1.69%, the Nasdaq 2.18% and the Dow 1.19%.<\/p>\n<p>Big movers were <a href=\"https:\/\/stockchase.com\/company\/view\/5967\/T-N\">AT&amp;T<\/a> jumping 7.74%, Losers included <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> at -2.55%, <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> -3.94% on a downgrade, <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> -4.83%, and chipmakers <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> -3.59% and <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> -5.2%. Even oil was hit as <a href=\"https:\/\/stockchase.com\/company\/view\/1377\/XOM-N\">Exxon Mobil<\/a> slid 3.44%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> also slumped, losing 7.6% to fall below $40,000. At <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter<\/a>, Elon Musk won&#8217;t be joining the board after all; shares rose 1.69%.<\/p>\n<p>The big news in Toronto was <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> proposing a 10-for-1 split, which pushed shares 2.91% higher. The biggest gainer was indie brewery <a href=\"https:\/\/stockchase.com\/company\/view\/6137\/WBR-T\">Waterloo<\/a> which popped 6.21%. Along with beer, weed stocks also rallied as <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora<\/a> advanced 2.95%. <a href=\"https:\/\/stockchase.com\/company\/view\/1366\/WTE-T\">Westshore Terminals<\/a> climbed 2.23%. Oil was the big loser as <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a> sank 5.83%, <a href=\"https:\/\/stockchase.com\/company\/view\/3763\/ATH-T\">Athabasca<\/a> slid 4.67% and <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">CNQ<\/a> lost 2.4%. WTI crude fell 3.3% to $95 and WCS fell below $82. The overall TSX slipped 0.53%.<\/p>\n<p>&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/5967\/T-N\">AT&amp;T (T-N)<\/a> +7.74%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple (AAPL-Q)<\/a> -2.55%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft (MSFT-Q)<\/a> -3.94%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -4.83%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> -3.59%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia Corp (NVDA-Q)<\/a> -5.2%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1377\/XOM-N\">Exxon Mobil (XOM-N)<\/a> -3.44%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -7.6%<br \/>\n&#x1f426; <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter, Inc (TWTR-N)<\/a> +1.69%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +2.91%<br \/>\n&#x1f37a; <a href=\"https:\/\/stockchase.com\/company\/view\/6137\/WBR-T\">Waterloo Brewing Ltd. (WBR-T)<\/a> +6.21%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis (ACB-T)<\/a> +2.95%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/1366\/WTE-T\">Westshore Terminals Inc. (WTE-T)<\/a> +2.23%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy (CVE-T)<\/a> -5.83%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3763\/ATH-T\">Athabasca Oil Sands Corp (ATH-T)<\/a> -4.67%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">Canadian Natural Rsrcs (CNQ-T)<\/a> -2.4%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, the U.S. 10-year-yield climbed to 2.778%, which slammed tech and other stocks on Wall Street, though falling oil prices pressured Bay Street. The S&amp;P closed -1.69%, the Nasdaq 2.18% and the Dow 1.19%. Big movers were AT&amp;T jumping [&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-273127","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\/273127","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=273127"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/273127\/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=273127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=273127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=273127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}