Tuesday was a rough day for retail stocks, both brick-and-mortar and e-commerce, and pressured stocks in Toronto and New York. Walmart announced downbeat guidance for the rest of the year by lowering its profit outlook, blaming rising food and gas prices.<\/p>\n
Meanwhile, Shopify<\/a> laid off 10% of its workforce. The TSX shed 0.7% below 19,000 as it was dragged down by tech. Only staples and materials were positive. Shopify sank 13.63%. Also losing ground were Lightspeed<\/a> at -5.84%, Canada Goose<\/a> at -6.9%, Aritzia<\/a> -6.31% and Well Health Technologies<\/a> -6.14%. Crude oil added to the TSX’s woes as WTI declined 1.5% to $95 and WCS slid over 2% below $75.<\/p>\n Walmart and retail hammered Wall Street as the S&P closed -1.15%, the Nasdaq -1.87% and the Dow -0.71%. Walmart<\/a> finished the day -7.6%, Amazon<\/a> -5.23%, PayPal<\/a> -5.5%, Meta<\/a> -4.5%, and Carnival<\/a> -7.41%. The few gainers included 3M<\/a> up nearly 5% and McDonald’s<\/a> up 2.68%. The U.S. 10-year yield slipped to 2.8% while Bitcoin<\/a> sank 3.5% below $21,000. This week is the height of U.S. quarterly earnings. After the bell, Alphabet, Texas Instrument and Visa popped after releasing their quarter, while Microsoft declined.<\/p>\n 🛍 Shopify Inc. (SHOP-T)<\/a> -13.63% Tuesday was a rough day for retail stocks, both brick-and-mortar and e-commerce, and pressured stocks in Toronto and New York. Walmart announced downbeat guidance for the rest of the year by lowering its profit outlook, blaming rising food and gas […]<\/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-287316","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\/287316","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=287316"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/287316\/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=287316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=287316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=287316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Lightspeed Commerce Inc (LSPD-T)<\/a> -5.84%
\n🧣 Canada Goose Holdings (GOOS-T)<\/a> -6.9%
\n👗 Aritzia Inc. (ATZ-T)<\/a> -6.31%
\n👨⚕️ WELL Health Technologies (WELL-T)<\/a> -6.14%
\n🛒 Walmart Inc (WMT-N)<\/a> -7.6%
\n📦 Amazon.com (AMZN-Q)<\/a> -5.23%
\n💳 PayPal Holdings Inc. (PYPL-Q)<\/a> -5.5%
\n🕵️♂️ Meta Platforms Inc \/ Facebook (FB-Q)<\/a> -4.5%
\n🚢 Carnival Corp. (CCL-N)<\/a> -7.41%
\n💾 3M Co. (MMM-N)<\/a> +5%
\n🍔 McDonalds (MCD-N)<\/a> +2.68%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.5%<\/p>\n","protected":false},"excerpt":{"rendered":"