{"id":286931,"date":"2022-07-22T17:45:40","date_gmt":"2022-07-22T21:45:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=286931"},"modified":"2022-07-22T17:45:40","modified_gmt":"2022-07-22T21:45:40","slug":"weak-friday-but-positive-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/weak-friday-but-positive-week\/","title":{"rendered":"Weak Friday, but positive week"},"content":{"rendered":"<p>Stocks drifted south on Friday, but still ended the week positive. The S&amp;P closed -0.93% but rose around 2.5% for the week. The Nasdaq finished -1.87% but has climbed 7% so far this month. Meanwhile, the Dow closed -0.43% but was up nearly 2% this week. On Wall Street, utilities and real estate rallied while communications and tech lagged.<\/p>\n<p>Amid earnings season, <a href=\"https:\/\/stockchase.com\/company\/view\/5483\/SNAP-N\">Snap<\/a> came out with a bad miss and shares plunged 39%. Snap dragged down tech stocks as <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Meta<\/a> slid 7.59% and <a href=\"https:\/\/stockchase.com\/company\/view\/1833\/GOOG-Q\">Alphabet<\/a> fell 5.81%. Also down was <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate<\/a> by 8.11%, <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> lost 6% and <a href=\"https:\/\/stockchase.com\/company\/view\/1331\/VZ-N\">Verizon<\/a> fell 6.74%. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/1122\/SLB-N\">Schlumberger<\/a> rose 4.28% and <a href=\"https:\/\/stockchase.com\/company\/view\/2458\/DHI-N\">DR Horton<\/a> 2.06%. The U.S. 10-year yield slipped to 2.76% as <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> retreated 2% to below $22,600.<\/p>\n<p>Crude oil slipped about 2% as WTI traded down to $95 and $74 respectively. Besides energy, tech also lagged in Toronto though real estate climbed. The TSX shed -0.43% for the day, but climbed from 18,394 a week ago to just shy of 19,000 on Friday. Major gainers were <a href=\"https:\/\/stockchase.com\/company\/view\/3786\/HLF-T\">High Liner Foods<\/a> up 8.28%, <a href=\"https:\/\/stockchase.com\/company\/view\/2233\/MTL-T\">Mullen Group<\/a> 6.25%, <a href=\"https:\/\/stockchase.com\/company\/view\/1842\/BEIUN-T\">Boardwalk REIT<\/a> at 4.24% and <a href=\"https:\/\/stockchase.com\/company\/view\/212\/CARUN-T\">CAP REIT<\/a> up 3.39%. Cannabis continued to give back gains from earlier this week as <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora<\/a> slid over 8%. <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> lost 7.28% and <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point<\/a> fell 2.62%.<\/p>\n<p>&#x1f933; <a href=\"https:\/\/stockchase.com\/company\/view\/5483\/SNAP-N\">Snap Inc. (SNAP-N)<\/a> -39%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Meta Platforms Inc \/ Facebook (FB-Q)<\/a> -7.59%<br \/>\n&#x1f9ee; <a href=\"https:\/\/stockchase.com\/company\/view\/1833\/GOOG-Q\">Alphabet Inc. \/ Google (GOOG-Q)<\/a> -5.81%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate Technology (STX-Q)<\/a> -8.11%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp. (CCL-N)<\/a> -6%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1331\/VZ-N\">Verizon Communications (VZ-N)<\/a> -6.74%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1122\/SLB-N\">Schlumberger Ltd. (SLB-N)<\/a> +4.28%<br \/>\n&#x1f3d8; <a href=\"https:\/\/stockchase.com\/company\/view\/2458\/DHI-N\">D R Horton Inc. (DHI-N)<\/a> +2.06%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2%<br \/>\n&#x1f364; <a href=\"https:\/\/stockchase.com\/company\/view\/3786\/HLF-T\">High Liner Foods (HLF-T)<\/a> +8.28%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/company\/view\/2233\/MTL-T\">Mullen Group Ltd (MTL-T)<\/a> +6.25%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1842\/BEIUN-T\">Boardwalk REIT (BEI.UN-T)<\/a> +4.24%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/212\/CARUN-T\">Canadian Apartment Properties (CAR.UN-T)<\/a> +3.39%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis (ACB-T)<\/a> -8%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> -7.28%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> -2.62%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks drifted south on Friday, but still ended the week positive. The S&amp;P closed -0.93% but rose around 2.5% for the week. The Nasdaq finished -1.87% but has climbed 7% so far this month. Meanwhile, the Dow closed -0.43% but [&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-286931","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\/286931","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=286931"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/286931\/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=286931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=286931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=286931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}