{"id":285397,"date":"2022-07-11T19:16:30","date_gmt":"2022-07-11T23:16:30","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=285397"},"modified":"2022-07-11T19:16:30","modified_gmt":"2022-07-11T23:16:30","slug":"inflation-worries-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/inflation-worries-markets\/","title":{"rendered":"Inflation worries markets"},"content":{"rendered":"

Monday stocks sank on recurring inflation fears. In New York, the S&P closed -1.15%, the Nasdaq -2.26% and the Dow -0.52%. Only utilities and real estate gained while the other nine sectors on the S&P slipped. Elon Musk grabbed headlines again after he pulled out his takeover deal of Twitter<\/a>, which sent those shares sliding 11.3% and inspiring the company to sue Musk.<\/p>\n

Other tech was beaten up as the Ark Innovation<\/a> fund slid 6.91%, Nvidia<\/a> -4.33%, Amazon<\/a> at -3.28%, and Tesla<\/a> -6.55%, Musk’s company. Gaining were Martin Marietta Materials<\/a> by 2% and CBOE Global Market<\/a> at 2.34%. The U.S. 10-year yield dipped below 3% to 2.99% while Bitcoin<\/a> slid 2.5% but stayed above $20,000.<\/p>\n

Weakness in crude oil pressured the TSX to retrace by 1.08%. WTI slipped over 1% to $103, though it fell below $100 during Monday, and WCS slipped 0.5% to $82. Losers included Manulife<\/a> at -1.23% in heavy trading, Suncor<\/a> at -2.14% after its CEO stepped down after heavy criticism of the company’s employee safety record, Cenovus<\/a> -2.57%, Rogers<\/a> -4.61% after its national outage last Friday, and Air Canada<\/a> -5.12% as it continues to cancel and postpone flights en masse. Gainers included MTY Food Group<\/a> up 2.56% and Stingray Group<\/a> at 4.41%.<\/p>\n

🐦 Twitter, Inc (TWTR-N)<\/a> -11.3%
\n💹 ARK Innovation ETF (ARKK-Q)<\/a> -6.91%
\n💾 Nvidia Corp (NVDA-Q)<\/a> -4.33%
\n📦 Amazon.com (AMZN-Q)<\/a> -3.28%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> -6.55%
\n🧱 Martin Marietta Materials (MLM-N)<\/a> +2%
\n🏛 CBOE Holdings Inc. (CBOE-Q)<\/a> +2.34%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2.5%
\n🏛 Manulife Financial (MFC-T)<\/a> -1.23%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -2.14%
\n🛢 Cenovus Energy (CVE-T)<\/a> -2.57%
\n📡 Rogers Communications (B) (RCI.B-T)<\/a> -4.61%
\n🛫 Air Canada (AC-T)<\/a> -5.12%
\n🍱 MTY Food Group (MTY-T)<\/a> +2.56%
\n📺 Stingray Digital Group Inc. (RAY.A-T)<\/a> +4.41%<\/p>\n","protected":false},"excerpt":{"rendered":"

Monday stocks sank on recurring inflation fears. In New York, the S&P closed -1.15%, the Nasdaq -2.26% and the Dow -0.52%. Only utilities and real estate gained while the other nine sectors on the S&P slipped. Elon Musk grabbed headlines […]<\/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-285397","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\/285397","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=285397"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/285397\/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=285397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=285397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=285397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}