Hawkish sentiments from the U.S. Fed continued to push stocks down. Stocks tanked on Friday across the board as some members of the Fed openly consider a 75-basis point hike in interest rates. The S&P closed -2.86% to 4,268 or 2.75% for the week, the Nasdaq -2.55% and the Dow -2.81%. The indices declined for the week with the Nasdaq down 9% so far in April while the S&P fell below the 200-day moving average.<\/p>\n
Big moves were seen in Intuitive Surgical<\/a> down nearly -14%, Nucor<\/a> -8.41%, Caterpillar<\/a> -6.75%, Verizon<\/a> -5.48% and Freeport-McMoran<\/a> -6.57%. Among the few glimmers of positivity were Kimberly-Clark<\/a> up 8.05% and Take-Two Interactive<\/a> at 3.65%. All the major Dow components were in the red.<\/p>\n Even oil slid, down 2-2.5% as WCS traded down to $100.60 and WCS to $89. The TSX, which has been outperforming the American ones in 2022, slid 2.08% Friday to 21,199, down 3.06% for the week. Again, there was red across the board. Royal Bank<\/a> slid 4.19% in heavy trading, Crescent Point Energy<\/a> lost 4.9%, Western Copper and Gold<\/a> fell 8.65%, and Bombardier<\/a> dove 2.84%. Bitcoin<\/a> was not immune to selling, down 2.65% to trade around $38,500. Investors are hoping that next week’s major tech earnings from Apple, Amazon and Microsoft offer some relief.<\/p>\n 🔬 Intuitive Surgical Inc. (ISRG-Q)<\/a> -14% Hawkish sentiments from the U.S. Fed continued to push stocks down. Stocks tanked on Friday across the board as some members of the Fed openly consider a 75-basis point hike in interest rates. The S&P closed -2.86% to 4,268 or […]<\/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-274859","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\/274859","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=274859"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/274859\/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=274859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=274859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=274859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n⛏ Nucor Corp. (NUE-N)<\/a> -8.41%
\n🏗 Caterpillar (CAT-N)<\/a> -6.75%
\n📱 Verizon Communications (VZ-N)<\/a> -5.48%
\n🥇 Freeport McMoran Copper & Gold (FCX-N)<\/a> -6.57%
\n🧻 Kimberly Clark (KMB-N)<\/a> +8.05%
\n💾 Take-Two Interactive Softwar (TTWO-Q)<\/a> +3.65%
\n🏛 Royal Bank (RY-T)<\/a> -4.19%
\n🛢 Crescent Point Energy Corp (CPG-T)<\/a> -4.9%
\n⛏ Western Copper (WRN-T)<\/a> -8.65%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -2.84%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2.65%<\/p>\n","protected":false},"excerpt":{"rendered":"