{"id":276962,"date":"2022-05-06T21:40:14","date_gmt":"2022-05-07T01:40:14","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=276962"},"modified":"2022-05-06T21:40:14","modified_gmt":"2022-05-07T01:40:14","slug":"friday-decline-caps-losing-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/friday-decline-caps-losing-week\/","title":{"rendered":"Friday decline caps losing week"},"content":{"rendered":"<p>Markets extended Thursday strong selling to cap a week of declines. Friday saw a volatile session with American indices briefly seeing green over lunch hour before resume its sell-off. However, Wall Street closed well off session lows at the S&amp;P at -0.57% or -0.32% for the week, the Nasdaq -1.4% and -1.54% for the week and the Dow -0.29%. Year-to-date, the Nasdaq has lost 22.4% and made a new 52-week low just below 12,000. As in previous days, energy was the only real gainer while tech led losses.<\/p>\n<p>Notable movers: <a href=\"https:\/\/stockchase.com\/company\/view\/4676\/UA-N\">Under Armour<\/a> plunged 24% on a brutal quarterly report, <a href=\"https:\/\/stockchase.com\/company\/view\/5034\/MNST-Q\">Monster Beverage<\/a> surged 4.37%, <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron<\/a> added 2.66%, <a href=\"https:\/\/stockchase.com\/company\/view\/4636\/PXD-N\">Pioneer Natural Resources<\/a> up 5.34%, <a href=\"https:\/\/stockchase.com\/company\/view\/4673\/ILMN-Q\">Illumina<\/a> sliding 14.63% and <a href=\"https:\/\/stockchase.com\/company\/view\/300\/COST-Q\">Costco<\/a> slipping 2.7%. The indices The U.S. 10-year yield surpassed 3.1% as markets continue to react to the U.S. Fed&#8217;s comments on Wednesday.<\/p>\n<p>The TSX shed 0.3% on Friday and fell 0.62% for the week. WTI crude climbed 2% to $110 and WCS rose to $96.50. Winners included <a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge<\/a> up 2.17%, <a href=\"https:\/\/stockchase.com\/company\/view\/810\/MRE-T\">Martinrea<\/a> soaring 14.61% after earnings, and Wildbrain jumping 7.14%. Declining were <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a>, down another 8.22%, <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia<\/a> falling 6.7%, <a href=\"https:\/\/stockchase.com\/company\/view\/622\/IGM-T\">IGM Financial<\/a> slipping 6.36% and <a href=\"https:\/\/stockchase.com\/company\/view\/3960\/WRN-T\">Western Copper and Gold<\/a> losing 6.12%. Meanwhile, Bitcoin lost a little ground, but held around $36,000.<\/p>\n<p>&#x1f455; <a href=\"https:\/\/stockchase.com\/company\/view\/4676\/UA-N\">Under Armour (UA-N)<\/a> -24%<br \/>\n&#x26a1; <a href=\"https:\/\/stockchase.com\/company\/view\/5034\/MNST-Q\">Monster Beverage Corp (MNST-Q)<\/a> +4.37%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron Texaco (CVX-N)<\/a> +2.66%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4636\/PXD-N\">Pioneer Natural Resources (PXD-N)<\/a> +5.34%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4673\/ILMN-Q\">Illumina Inc. (ILMN-Q)<\/a> -14.63%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/300\/COST-Q\">Costco Wholesale (COST-Q)<\/a> -2.7%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge (ENB-T)<\/a> +2.17%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/810\/MRE-T\">Martinrea (MRE-T)<\/a> +14.61%<br \/>\n&#x1f39e; WildBrain +7.14%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> -8.22%<br \/>\n&#x1f457; <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia Inc. (ATZ-T)<\/a> -6.7%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/622\/IGM-T\">IGM Financial Inc. (IGM-T)<\/a> -6.36%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/3960\/WRN-T\">Western Copper (WRN-T)<\/a> -6.12%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets extended Thursday strong selling to cap a week of declines. Friday saw a volatile session with American indices briefly seeing green over lunch hour before resume its sell-off. However, Wall Street closed well off session lows at the S&amp;P [&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-276962","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\/276962","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=276962"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/276962\/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=276962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=276962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=276962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}