{"id":289216,"date":"2022-08-09T18:33:45","date_gmt":"2022-08-09T22:33:45","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=289216"},"modified":"2022-08-09T18:33:45","modified_gmt":"2022-08-09T22:33:45","slug":"tech-pressures-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-pressures-markets\/","title":{"rendered":"Tech pressures markets"},"content":{"rendered":"<p>Tuesday saw tech stocks on both sides of the border weigh on markets. The TSX retreated 0.46% due to weakness in consumer staples and tech, though materials and utilities were in the green.<\/p>\n<p>The latest earnings sank <a href=\"https:\/\/stockchase.com\/NVEI-T\">Nuvei<\/a> by 21.44% and <a href=\"https:\/\/stockchase.com\/BHC-T\">Bausch Health<\/a> by 10.67%. Cannabis names gave back Monday&#8217;s big gains. <a href=\"https:\/\/stockchase.com\/CRON-T\">Cronos<\/a> slid nearly 14% and <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy<\/a> surrendered 12.32%. Though crude oil was flat with WTI at $90.50, <a href=\"https:\/\/stockchase.com\/MEG-T\">Meg Energy<\/a> rallied 4.36%. Elsewhere, <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals<\/a> rallied 4.11%.<\/p>\n<p>In New York, the S&amp;P closed -0.42%, the Nasdaq -1.19% and the Dow -0.18%. Here too tech suffered woes as the semiconductor stocks continued to fall. <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> finished -2.43% and <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> -4.53%. Meanwhile, <a href=\"https:\/\/stockchase.com\/F-N\">Ford<\/a> closed -3.74%. In contrast, <a href=\"https:\/\/stockchase.com\/VLO-N\">Valero Energy<\/a> rose 4% while <a href=\"https:\/\/stockchase.com\/NLSN-N\">Nielsen Holdings<\/a> soared 21.18% after a buyout deal of the TV ratings company was reached. <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> sank 3.5% to $23,100.<\/p>\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVEI-T\">Nuvei Corp (NVEI-T)<\/a> -21.44%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/BHC-T\">Bausch Health Companies Inc. (BHC-T)<\/a> -10.67%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/CRON-T\">Cronos Group Inc (CRON-T)<\/a> -14%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> -12.32%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/MEG-T\">MEG Energy Corp (MEG-T)<\/a> +4.36%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals Inc. (HBM-T)<\/a> +4.11%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel (INTC-Q)<\/a> -2.43%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> -4.53%<br \/>\n&#x1f698; <a href=\"https:\/\/stockchase.com\/F-N\">Ford Motor (F-N)<\/a> -3.74%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/VLO-N\">Valero Energy Corp (VLO-N)<\/a> +4%<br \/>\n&#x1f468;&#x200d;&#x1f4bc; <a href=\"https:\/\/stockchase.com\/NLSN-N\">Nielsen Holdings (NLSN-N)<\/a> +21.18%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday saw tech stocks on both sides of the border weigh on markets. The TSX retreated 0.46% due to weakness in consumer staples and tech, though materials and utilities were in the green. The latest earnings sank Nuvei by 21.44% [&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-289216","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\/289216","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=289216"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/289216\/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=289216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=289216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=289216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}