{"id":281417,"date":"2022-06-09T18:19:42","date_gmt":"2022-06-09T22:19:42","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=281417"},"modified":"2022-06-09T18:19:42","modified_gmt":"2022-06-09T22:19:42","slug":"stocks-and-oil-fade-ahead-of-inflation-data","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-and-oil-fade-ahead-of-inflation-data\/","title":{"rendered":"Stocks and oil fade ahead of inflation data"},"content":{"rendered":"

Wednesday’s pessimism extended into Thursday as oil and stocks both sank, though oil regained some ground. Otherwise, investors are waiting for Friday morning’s key American CPI data. On Wall Street, the S&P closed -2.38%, the Nasdaq -2.75% and the Dow -1.94%. The U.S. 10-year yield held above 3% while Bitcoin<\/a> gave back 0.6% to dip below $30,000.<\/p>\n

Major gainers included NXP Semis<\/a> by 4.05% and Pool Corp<\/a> up 2.45%. However, they were outnumbered by the losers: Amazon<\/a> -4.15%, Apple<\/a> -3.54%, AMD<\/a> -3.01% and Carnival<\/a> -9.16%. All sectors of the S&P were down.<\/p>\n

Weakness in crude oil prices weighed on the TSX which closed -1.05%. Tech and financials also lagged. WTI declined 0.66% to $121. Major movers were Baytex<\/a> up 2.86%, Bombardier<\/a> down 6.72%, Whitecap Resources<\/a> -2.47%, Air Transat<\/a> -2.82% after a weak quarter, and Air Canada<\/a> -2.3% blaming flight delays and cancellations though assuring a skeptical public that things are improving. Meanwhile, Nutrien<\/a> rose 2.18% after announcing it will boost fertilizer production.<\/p>\n

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.6%
\n🧬 NXP Semiconductors (NXPI-Q)<\/a> +4.05%
\n🚚 Pool Corporation (POOL-Q)<\/a> +2.45%
\n📦 Amazon.com (AMZN-Q)<\/a> -4.15%
\n🍎 Apple (AAPL-Q)<\/a> -3.54%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -3.01%
\n🚢 Carnival Corp. (CCL-N)<\/a> -9.16%
\n🛢 Baytex Energy Corp (BTE-T)<\/a> +2.86%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -6.72%
\n🛢 Whitecap Resources (WCP-T)<\/a> -2.47%
\n🛫 Transat AT Inc. (TRZ-T)<\/a> -2.82%
\n✈ Air Canada (AC-T)<\/a> -2.3%
\n🌿 Nutrien Ltd. (NTR-T)<\/a> +2.18%<\/p>\n","protected":false},"excerpt":{"rendered":"

Wednesday’s pessimism extended into Thursday as oil and stocks both sank, though oil regained some ground. Otherwise, investors are waiting for Friday morning’s key American CPI data. On Wall Street, the S&P closed -2.38%, the Nasdaq -2.75% and the Dow […]<\/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-281417","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\/281417","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=281417"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/281417\/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=281417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=281417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=281417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}