{"id":283290,"date":"2022-06-23T18:52:28","date_gmt":"2022-06-23T22:52:28","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=283290"},"modified":"2022-06-23T18:52:28","modified_gmt":"2022-06-23T22:52:28","slug":"tsx-slumps-wall-street-rallies","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-slumps-wall-street-rallies\/","title":{"rendered":"TSX slumps, Wall Street rallies"},"content":{"rendered":"<p>Weak commodity prices, driven by recessionary fears, pressured the TSX on Thursday. The Canadian index closed below 19,000 and shed 1.51%. WTI oil fell 2% to $104 and copper sank 5%.<\/p>\n<p>Energy and materials suffered major losses: <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> -6.31%, <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a> -8%, <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick<\/a> -4.18%, <a href=\"https:\/\/stockchase.com\/company\/view\/5683\/NTR-T\">Nutrien<\/a> -8.21% and <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources<\/a> -9.23%. Cannabis names rallied with <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> up 12% and <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">Organigram<\/a> 9.24% while tech rebounded with <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> advancing 7.83% and <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> 7.64%. Consumers staples also were in the green.<\/p>\n<p>The story was different on Wall Street. The S&amp;P added 0.95%, the Nasdaq 1.62% and the Dow 0.64%. Tech showed strength as <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> rose 2.16%, <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> 3.2%, <a href=\"https:\/\/stockchase.com\/company\/view\/21\/ADBE-Q\">Adobe<\/a> 3.1% and <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> 2.26%. In contrast, energy names sank: <a href=\"https:\/\/stockchase.com\/company\/view\/1377\/XOM-N\">Exxon<\/a> -3%, <a href=\"https:\/\/stockchase.com\/company\/view\/1122\/SLB-N\">Schlumberger<\/a> -6.77%. Meanwhile, <a href=\"https:\/\/stockchase.com\/company\/view\/1489\/TMO-N\">Thermo Fisher<\/a> rallied 4.12%, <a href=\"https:\/\/stockchase.com\/company\/view\/5788\/MSCI-N\">MSCI<\/a> 3.95% and <a href=\"https:\/\/stockchase.com\/company\/view\/638\/INTU-Q\">Intuit<\/a> 5.23% and <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> sank 4.88%. The U.S. 10-year yield continued to sink, falling to 3.096% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> bounced 3.6% to nearly $21,000.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc (SU-T)<\/a> -6.31%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy (CVE-T)<\/a> -8%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold (ABX-T)<\/a> -4.18%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5683\/NTR-T\">Nutrien Ltd. (NTR-T)<\/a> -8.21%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources Ltd. (B) (TECK.B-T)<\/a> -9.23%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +12%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">OrganiGram Holdings Inc. (OGI-T)<\/a> +9.24%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed Commerce Inc (LSPD-T)<\/a> +7.83%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +7.64%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple (AAPL-Q)<\/a> +2.16%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com (AMZN-Q)<\/a> +3.2%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/21\/ADBE-Q\">Adobe Systems (ADBE-Q)<\/a> +3.1%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft (MSFT-Q)<\/a> +2.26%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1377\/XOM-N\">Exxon Mobil (XOM-N)<\/a> -3%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1122\/SLB-N\">Schlumberger Ltd. (SLB-N)<\/a> -6.77%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/1489\/TMO-N\">Thermo Fisher Scientific (TMO-N)<\/a> +4.12%<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/5788\/MSCI-N\">MSCI Inc. (MSCI-N)<\/a> +3.95%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/638\/INTU-Q\">Intuit Inc. (INTU-Q)<\/a> +5.23%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar (CAT-N)<\/a> -4.88%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +3.6%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weak commodity prices, driven by recessionary fears, pressured the TSX on Thursday. The Canadian index closed below 19,000 and shed 1.51%. WTI oil fell 2% to $104 and copper sank 5%. Energy and materials suffered major losses: Suncor -6.31%, Cenovus [&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-283290","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\/283290","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=283290"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/283290\/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=283290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=283290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=283290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}