{"id":281646,"date":"2022-06-10T17:31:40","date_gmt":"2022-06-10T21:31:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=281646"},"modified":"2022-06-10T17:31:40","modified_gmt":"2022-06-10T21:31:40","slug":"inflation-data-triggers-sell-off","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/inflation-data-triggers-sell-off\/","title":{"rendered":"Inflation data triggers sell-off"},"content":{"rendered":"<p>The latest U.S. CPI numbers were released Friday morning and came in slightly higher than expected. As expected, markets slid and stayed consistently low throughout the session. The S&amp;P ended -2.91% below 4,000 points, the Nasdaq -3.52% and the Dow -2.73%.<\/p>\n<p>There was red across the board, starting with tech: <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> -3.86%, <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> -5.6%, <a href=\"https:\/\/stockchase.com\/company\/view\/5592\/AMC-N\">AMC<\/a> -4.03%, <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America<\/a> -3.88%, <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines<\/a> -4.91% and <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> -5.8%. <a href=\"https:\/\/stockchase.com\/company\/view\/6165\/NGT-T\">Newmont<\/a> was one of the few gainers, up 3.52%. The U.S. 10-year yield surged to 3.154% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slid 3% to below $29,100. Even crude oil lost ground with WTI down early 1% to $120 though gold added over 1% to $1,875. It was a rough week with the Nasdaq losing 3.25% and the S&amp;P 5.66%.<\/p>\n<p>In Canada, the jobless rate hit a record low. The good news translated into bad on the TSX which sank 1.41% for the day (2.48% for the week) with materials being the only sector in the green. Energy names <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex<\/a> lost 2% while <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick<\/a> rallied 5.33%. <a href=\"https:\/\/stockchase.com\/company\/view\/3899\/GSY-T\">GoEasy<\/a> slid 7.89%, <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilary<\/a> sank 6.29% and <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> slipped 5.66%.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple (AAPL-Q)<\/a> -3.86%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com (AMZN-Q)<\/a> -5.6%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/5592\/AMC-N\">AMC Entertainment Holdings Inc. (AMC-N)<\/a> -4.03%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America (BAC-N)<\/a> -3.88%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines Group (AAL-Q)<\/a> -4.91%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp. (CCL-N)<\/a> -5.8%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/6165\/NGT-T\">Newmont Goldcorp (NGT-T)<\/a> +3.52%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy (CVE-T)<\/a> -2%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex Energy Corp (BTE-T)<\/a> -2%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold (ABX-T)<\/a> +5.33%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/3899\/GSY-T\">goeasy (GSY-T)<\/a> -7.89%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> -6.29%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> -5.66%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest U.S. CPI numbers were released Friday morning and came in slightly higher than expected. As expected, markets slid and stayed consistently low throughout the session. The S&amp;P ended -2.91% below 4,000 points, the Nasdaq -3.52% and the Dow [&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-281646","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\/281646","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=281646"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/281646\/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=281646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=281646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=281646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}