A mere day after stocks rallied after the U.S. Fed announced an expected 50-basis point hike in interest rates, but squashed any idea for 75, American stocks tanked while Canadian tanks fell, too. On Thursday, the S&P closed -3.63%, the Nasdaq -4.99% and the Dow -3.12% after shedding over 1,000 points.<\/p>\n
Tech led the sell-off: Apple<\/a> -5.57%, AMD<\/a> -5.58%, Intel<\/a> -4.17%, Microsoft<\/a> -4.36% and Meta<\/a> -6.77%. However, all the Dow sectors were down, especially industrials, consumer and financials, like Boeing<\/a> at -4.14% and Nike<\/a> -5.89%. Unsurprisingly, the U.S. 10-year yield topped 3% while Bitcoin<\/a> slid 9% to $36,200. The VIX soared nearly 23% to 31.<\/p>\n The TSX closed -2.31%, dragged down especially by materials and financials. Shopify<\/a> dominated headlines on Bay Street as the e-commerce giant plunged 14.34% after a brutal quarter. Also getting hit were SNC-Lavalin<\/a> down 13.32%, Gildan Activewear<\/a> falling 10.63% and Dye & Durham<\/a> sliding 10.33%. Rare gainers were Sleep Country Canada<\/a> which jumped 8.49%, NFI Group<\/a> which recovered 2.35% after recent losses, and Tourmaline Oil<\/a> up 2.1%. The TSX fell despite modest rises in crude oil with WTI trading above $108 and WCS at nearly $95.<\/p>\n 🍎 Apple (AAPL-Q)<\/a> -5.57% A mere day after stocks rallied after the U.S. Fed announced an expected 50-basis point hike in interest rates, but squashed any idea for 75, American stocks tanked while Canadian tanks fell, too. On Thursday, the S&P closed -3.63%, the […]<\/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-276781","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\/276781","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=276781"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/276781\/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=276781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=276781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=276781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -5.58%
\n💾 Intel (INTC-Q)<\/a> -4.17%
\nⓂ Microsoft (MSFT-Q)<\/a> -4.36%
\n🕵️♂️ Meta Platforms Inc \/ Facebook (FB-Q)<\/a> -6.77%
\n🛫 Boeing (BA-N)<\/a> -4.14%
\n👟 Nike Inc (NKE-N)<\/a> -5.89%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -9%
\n🛍 Shopify Inc. (SHOP-T)<\/a> -14.34%
\n♻ SNC-Lavalin Group Inc. (SNC-T)<\/a> -13.32%
\n👕 Gildan Activewear Inc. (GIL-T)<\/a> -10.63%
\n💾 Dye & Durham (DND-T)<\/a> -10.33%
\n🛏 Sleep Country Canada (ZZZ-T)<\/a> +8.49%
\n🚐 New Flyer Industries Inc. (NFI-T)<\/a> +2.35%
\n🛢 Tourmaline Oil Corp (TOU-T)<\/a> -2.1%<\/p>\n","protected":false},"excerpt":{"rendered":"