North American markets slid sharply Wednesday after The selling touched all sectors and literally almost every stock on Wall Street and most on Bay Street. The S&P closed -4.03% to 3,924 to a new 52-week low, the Nasdaq -4.73% to 11,418 though shy of a low, and the Dow slid more than 1,100 points or -3.56%. The VIX soared 18% to 31. The U.S. 10-year yield actually held around 2.88%.<\/p>\n
Triggering the avalanche of selling were retailers Walmart and Target reporting major earnings misses due to supply chain inflation. Target<\/a> plunged 24.93% and Walmart<\/a> fell 6.79%. Other major movers were Ford<\/a> at -5.54%, the semis including Intel<\/a> by -4.62%, Apple<\/a> -5.64% and Wells Fargo<\/a> -3.66%. All 11 sectors of the S&P slid. Cryptos did not escape punishment as Bitcoin<\/a> tumbled 3.4% to $29,000.<\/p>\n TSX shed 1.9%, as all sectors declined. Notable laggards included Barrick Gold<\/a> at -3.01%, CNQ<\/a> -2.48%, Bombardier<\/a> -4.8%, and the Bank of Nova Scotia<\/a> -2.44%. Big gainers were Fire & Flower<\/a> up 5.88%, Argonaut Gold<\/a> at 3.25% and Chartwell Retirement Residences<\/a> up 1.58%. WTI and WCS crude both slid around 2.75% to $109 and $92.50 respectively.<\/p>\n 🛒 Target Corp (TGT-N)<\/a> -24.93% North American markets slid sharply Wednesday after The selling touched all sectors and literally almost every stock on Wall Street and most on Bay Street. The S&P closed -4.03% to 3,924 to a new 52-week low, the Nasdaq -4.73% to […]<\/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-278667","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\/278667","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=278667"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/278667\/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=278667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=278667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=278667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛒 Walmart Inc (WMT-N)<\/a> -6.79%
\n🚘 Ford Motor (F-N)<\/a> -5.54%
\n💾 Intel (INTC-Q)<\/a> -4.62%
\n🍎 Apple (AAPL-Q)<\/a> -5.64%
\n🏛 Wells Fargo (WFC-N)<\/a> -3.66%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.4%
\n🥇 Barrick Gold (ABX-T)<\/a> -3.01%
\n🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> -2.48%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -4.8%
\n🏛 Bank of Nova Scotia (BNS-T)<\/a> -2.44%
\n👨⚕️ Fire & Flower Holdings (FAF-T)<\/a> +5.88%
\n🥇 Argonaut Gold (AR-T)<\/a> +3.25%
\n🏛 Chartwell Seniors Housing (CSH.UN-T)<\/a> +1.58%<\/p>\n","protected":false},"excerpt":{"rendered":"