Traditionally a rally month, April ended with the Nasdaq sliding 13% (its worst month since October 2008), the S&P sliding 8.8% (worst since June 2020), though the rally in oil and natural resources cushioned the TSX’s losses to only 3% after posting an all-time high early in April. On Friday, the last trading day of April, the S&P closed -3.63%, the Nasdaq -4.19% and the Dow -2.77%. Wall Street erased the strong gains of Thursday and then some as ongoing fears over rising rates, hot inflation, slowing growth and the Russian war weighed on investors. A catalyst may have been Amazon’s weak quarterly report and forecast, even though Apple delivered top and bottom line beats and projected a positive 2022.<\/p>\n
It was an ugly Friday with selling across the board. Despite a strong quarter, Apple<\/a> slid 3.66%, Intel<\/a> lost nearly 7% after a disappointing report, Amazon<\/a> tanked 14.05%, Nvidia<\/a> fell 6.24% and defensive name Colgate<\/a> shed 5.13%. A rare gainer was Honeywell<\/a> up 1.89%. The U.S. 10-year yield returned above 2.9% while Bitcoin<\/a> slid 4% to below $38,500.<\/p>\n TSX closed -1.7% for the day. Industrials, tech and real estate were the worst performers. Major movers were Cenovus<\/a> at -4.35%, Baytex<\/a> -7.59%, TC Energy<\/a> -5.19% and NFI Group<\/a> -15% after a weak forecast. WTI and WCS crude declined around 0.75% to hover below $105 and $92 a barrel respectively. Focus will shift the American Fed meeting next Tuesday as a rate hike is widely expected.<\/p>\n 🍎 Apple (AAPL-Q)<\/a> -3.66% Traditionally a rally month, April ended with the Nasdaq sliding 13% (its worst month since October 2008), the S&P sliding 8.8% (worst since June 2020), though the rally in oil and natural resources cushioned the TSX’s losses to only 3% […]<\/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-275879","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\/275879","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=275879"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/275879\/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=275879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=275879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=275879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Intel (INTC-Q)<\/a> -7%
\n📦 Amazon.com (AMZN-Q)<\/a> -14.05%
\n💾 Nvidia Corp (NVDA-Q)<\/a> -6.24%
\n🧼 Colgate Palmolive (CL-N)<\/a> -5.13%
\n🍯 Honeywell International (HON-N)<\/a> +1.89%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -4%
\n🛢 Cenovus Energy (CVE-T)<\/a> -4.35%
\n🛢 Baytex Energy Corp (BTE-T)<\/a> -7.59%
\n🛢 TC Energy (TRP-T)<\/a> -5.19%
\n🚚 New Flyer Industries Inc. (NFI-T)<\/a> -15%<\/p>\n","protected":false},"excerpt":{"rendered":"