China cut a key lending rate to revive its economy, sluggish due to strict lockdowns. This news kicked off a rally in Europe, Asia and North America, but stocks then plunged in New York and Toronto before rallying hard in the dying minutes of Friday’s session. The drama capped another volatile week (the seventh weekly loss for the S&P and Nasdaq) though the TSX actually gained nearly 100 points . The S&P entered an intraday bear market but closed\u00a0 flat much like the Dow which swung 900 points on Friday but closed up 7 points.\u00a0 The Nasdaq finished -0.3%, but well off the day’s lows. On Wall Street, the semis weighed down tech, while consumer discretionary was particularly weak.<\/p>\n
Big gainers included health names including Eli Lilly<\/a> up 4.47%, American Tower<\/a> jumping nearly 5% and Fortinet<\/a> rising 3.04%. Major losers: Deere<\/a> plunged 13.87% on a rare revenue miss, Tesla<\/a> was down 6.82%, Beyond Meat<\/a> slid 4.71% and Applied Material<\/a> shed 4.93%. Meanwhile, the U.S. 10-year yield fell to 2.785%, and Bitcoin<\/a> slid 2.5% to $29,200.<\/p>\n The TSX added 15 points for the day as most sectors finished in the green, though materials and tech lagged. Major movers were Kinaxis<\/a> up 3.8%, Dollarama<\/a> adding 3.45%, Lighstpeed<\/a> rallying 3% while Bombardier<\/a> tanked 5.79%, Whitecap Resources<\/a> sank 2.24% and Nutrien<\/a> slid 4.09%. WTI rose 0.45% past $112 a barrel while WCS surged 1.4% to nearly $96.<\/p>\n 💊 Eli Lilly & Co. (LLY-N)<\/a> +4.47% China cut a key lending rate to revive its economy, sluggish due to strict lockdowns. This news kicked off a rally in Europe, Asia and North America, but stocks then plunged in New York and Toronto before rallying hard in […]<\/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-278990","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\/278990","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=278990"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/278990\/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=278990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=278990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=278990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n📡 American Tower (AMT-N)<\/a> +5%
\n💻 Fortinet Inc (FTNT-Q)<\/a> +3.04%
\n🦌 Deere & Co. (DE-N)<\/a> -13.87%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> -6.82%
\n🥩 Beyond Meat Inc. (BYND-Q)<\/a> -4.71%
\n🔩 Applied Materials (AMAT-Q)<\/a> -4.93%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2.5%
\n💾 Kinaxis Inc (KXS-T)<\/a> +3.8%
\n🛒 Dollarama Inc. (DOL-T)<\/a> +3.45%
\n💾 Lightspeed Commerce Inc (LSPD-T)<\/a> +3%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -5.79%
\n🛢 Whitecap Resources (WCP-T)<\/a> -2.24%
\n🌿 Nutrien Ltd. (NTR-T)<\/a> -4.09%<\/p>\n","protected":false},"excerpt":{"rendered":"