It was a wild Wednesday on the markets after the Bank of Canada hiked interest rates by a full percentage point and U.S. inflation (CPI date) came in hotter than expected. Stocks rose, slid and nearly recovered during the session. Ultimately, the S&P closed -0.45%, the Nasdaq -0.15% and the Dow -0.68%. Wall Street expects the hot CPI data to push the U.S. Fed to raise interest rates more aggressively.<\/p>\n
There was red across the board. Losing altitude were the airlines, including Delta<\/a> at -4.42%, American Airlines<\/a> -2.88% as well as UnitedHealth Group<\/a> -2.56%. The few gainers included Nike<\/a> up 1.44%, Clorox<\/a> 2.63% and Domino’s Pizza<\/a> which delivered a 2.57% gain. Twitter<\/a> did rebound nearly 8%. The U.S. 10-year yield held around 2.91% while Bitcoin<\/a> gained 1.2% to $19,700.<\/p>\n WTI crude barely moved past $96 while WCS inched up to $75. The TSX closed -0.34%. Staples and materials were the only bright spots in Toronto. Cenovus<\/a> lost nearly 2%, New Gold<\/a> rebounded 13% though Argonaut Gold<\/a> tanked 6.86% as Sleep Country Canada<\/a> climbed 7.16%.<\/p>\n 🛫 Delta Air Lines Inc (DAL-N)<\/a> -4.42% It was a wild Wednesday on the markets after the Bank of Canada hiked interest rates by a full percentage point and U.S. inflation (CPI date) came in hotter than expected. Stocks rose, slid and nearly recovered during the session. […]<\/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-285733","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\/285733","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=285733"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/285733\/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=285733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=285733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=285733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n✈ American Airlines Group (AAL-Q)<\/a> -2.88%
\n👨⚕️ UnitedHealth Group Inc (UNH-N)<\/a> -2.56%
\n👟 Nike Inc (NKE-N)<\/a> +1.44%
\n🧴 Clorox Company (CLX-N)<\/a> +2.63%
\n🍕 Domino’s Pizza, Inc. (DPZ-N)<\/a> +2.57%
\n🐦 Twitter, Inc (TWTR-N)<\/a> +8%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1.2%
\n🛢 Cenovus Energy (CVE-T)<\/a> -2%
\n⚡ New Gold Inc. (NGD-T)<\/a> +13%
\n🥇 Argonaut Gold (AR-T)<\/a> -6.86%
\n🛏 Sleep Country Canada (ZZZ-T)<\/a> +7.16%<\/p>\n","protected":false},"excerpt":{"rendered":"