{"id":290096,"date":"2022-08-16T16:56:08","date_gmt":"2022-08-16T20:56:08","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=290096"},"modified":"2022-08-16T16:56:08","modified_gmt":"2022-08-16T20:56:08","slug":"retail-lifts-stocks-but-oil-falls","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/retail-lifts-stocks-but-oil-falls\/","title":{"rendered":"Retail lifts stocks, but oil falls"},"content":{"rendered":"<p>Earnings by American retailers helped lift American stocks, while the TSX managed to gain despite the ongoing decline in crude oil prices. In New York, The S&amp;P added 0.19% and the Dow 0.71% while the Nasdaq closed -0.19%.<\/p>\n<p>Noteable gainers were <a href=\"https:\/\/stockchase.com\/company\/view\/1355\/WMT-N\">Walmart<\/a>, jumping 5.11%, <a href=\"https:\/\/stockchase.com\/company\/view\/1578\/BBY-N\">Best Buy<\/a> up 4.45% and <a href=\"https:\/\/stockchase.com\/company\/view\/6901\/BBWI-N\">Bath &amp; Body Works<\/a> at 4.07%. Also up were <a href=\"https:\/\/stockchase.com\/company\/view\/1274\/TTWO-Q\">Take-Two Interactive<\/a> by 7.22% and <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> at 4.48%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> shed 5%. The U.S. 10-year yield inched up to 2.813% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slipped 0.5% to hover right below $24,000.<\/p>\n<p>Oil continued to struggle as WTI fell 3.33% to around $86.50 as WCS fell slightly more to $67 a barrel. That didn&#8217;t stop the TSX from rising 0.45% to 20,269. Consumer staples and tech were particularly strong. Moving up were <a href=\"https:\/\/stockchase.com\/company\/view\/2637\/ACQ-T\">AutoCanada<\/a>, racing ahead by 7.41%, <a href=\"https:\/\/stockchase.com\/company\/view\/485\/FM-T\">First Quantum Minerals<\/a> which surged 3.72% and <a href=\"https:\/\/stockchase.com\/company\/view\/2092\/CTCA-T\">Canadian Tire<\/a> which added 3.47%. As earnings approach, the banks rallied. <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> climbed 1.54% and <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">BMO<\/a> 1.26%. Unsurprisingly, oil stocks lagged. <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex<\/a> closed -4.48%, <a href=\"https:\/\/stockchase.com\/company\/view\/3763\/ATH-T\">Athabasca Oil<\/a> -3.85% and <a href=\"https:\/\/stockchase.com\/company\/view\/4533\/TVE-T\">Tamarack Valley Energy<\/a> -3.92%.<\/p>\n<p>&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/1355\/WMT-N\">Walmart Inc (WMT-N)<\/a> +5.11%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/1578\/BBY-N\">Best Buy Company Inc (BBY-N)<\/a> +4.45%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/6901\/BBWI-N\">Bath &amp; Body Works (BBWI-N)<\/a> +4.07%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1274\/TTWO-Q\">Take-Two Interactive Softwar (TTWO-Q)<\/a> +7.22%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp. (CCL-N)<\/a> +4.48%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna (MRNA-Q)<\/a> -5%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.5%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/2637\/ACQ-T\">AutoCanada Inc. (ACQ-T)<\/a> +7.41%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/485\/FM-T\">First Quantum Minerals (FM-T)<\/a> +3.72%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/2092\/CTCA-T\">Canadian Tire Corporation Ltd. (A) (CTC.A-T)<\/a> +3.47%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">Toronto Dominion (TD-T)<\/a> +1.54%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">Bank of Montreal (BMO-T)<\/a> +1.26%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex Energy Corp (BTE-T)<\/a> -4.48%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3763\/ATH-T\">Athabasca Oil Sands Corp (ATH-T)<\/a> -3.85%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4533\/TVE-T\">Tamarack Valley Energy (TVE-T)<\/a> -3.92%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earnings by American retailers helped lift American stocks, while the TSX managed to gain despite the ongoing decline in crude oil prices. In New York, The S&amp;P added 0.19% and the Dow 0.71% while the Nasdaq closed -0.19%. Noteable gainers [&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-290096","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\/290096","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=290096"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/290096\/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=290096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=290096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=290096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}