{"id":288215,"date":"2022-08-02T17:18:58","date_gmt":"2022-08-02T21:18:58","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=288215"},"modified":"2022-08-02T17:18:58","modified_gmt":"2022-08-02T21:18:58","slug":"us-china-tensions-weigh-on-markets-2","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/us-china-tensions-weigh-on-markets-2\/","title":{"rendered":"US-China tensions weigh on markets"},"content":{"rendered":"<p>Nancy Pelosi&#8217;s visit to Taiwan and China&#8217;s announcement of missile tests rattled markets on Tuesday and pressured stocks. The TSX shed nearly 1% and finished weak. Similarly in New York, the S&amp;P closed -0.66%, the Nasdaq -0.16% and the Dow -1.22%.<\/p>\n<p>Among the gainers was <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> which reported a beat and shares jumped 5%. <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> rose 2.61%, <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> climbed 4.82%, and <a href=\"https:\/\/stockchase.com\/company\/view\/5710\/PENN-Q\">Penn National Gaming<\/a> rallied 4.75%. Falling were <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> at -2.57%, <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of American<\/a> -1.99%, <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> -5.82% and <a href=\"https:\/\/stockchase.com\/company\/view\/2445\/TAP-N\">Molson Coors<\/a> -10.46%. The U.S. 10-year yield touched 2.761% while Bitcoin was flat right below $23,000.<\/p>\n<p>It was also quiet in crude oil as WTI inched above $94 a barrel and WCS moved to $75. In Toronto, only tech and healthcare were in the green. Materials, real estate and energy were particularly weak. Losers included <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin Mining<\/a> -6.93%, <a href=\"https:\/\/stockchase.com\/company\/view\/485\/FM-T\">First Quantum Minerals<\/a> -8.25% and <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals<\/a> -7.71%. Winners: <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> popped nearly 9%, <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy<\/a> grew 8.85% as did other cannabis stocks, and <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> rallied 5.82%.<\/p>\n<p>&#x1f9f3; <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb (ABNB-Q)<\/a> +5%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> +2.61%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp. (CCL-N)<\/a> +4.82%<br \/>\n&#x2660; <a href=\"https:\/\/stockchase.com\/company\/view\/5710\/PENN-Q\">Penn National Gaming Inc (PENN-Q)<\/a> +4.75%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> -2.57%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America (BAC-N)<\/a> -1.99%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar (CAT-N)<\/a> -5.82%<br \/>\n&#x1f37a; <a href=\"https:\/\/stockchase.com\/company\/view\/2445\/TAP-N\">Molson Coors Brewing Company (TAP-N)<\/a> -10.46%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin Mining Corp. (LUN-T)<\/a> -6.93%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/485\/FM-T\">First Quantum Minerals (FM-T)<\/a> -8.25%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals Inc. (HBM-T)<\/a> -7.71%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +9%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> +8.85%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed Commerce Inc (LSPD-T)<\/a> +5.82%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nancy Pelosi&#8217;s visit to Taiwan and China&#8217;s announcement of missile tests rattled markets on Tuesday and pressured stocks. The TSX shed nearly 1% and finished weak. Similarly in New York, the S&amp;P closed -0.66%, the Nasdaq -0.16% and the Dow [&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-288215","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\/288215","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=288215"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/288215\/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=288215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=288215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=288215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}