{"id":290262,"date":"2022-08-17T18:06:37","date_gmt":"2022-08-17T22:06:37","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=290262"},"modified":"2022-08-17T18:06:37","modified_gmt":"2022-08-17T22:06:37","slug":"stocks-hit-resistance-as-oil-climbs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-hit-resistance-as-oil-climbs\/","title":{"rendered":"Stocks hit resistance as oil climbs"},"content":{"rendered":"<p>After several days of gains in Toronto and New York, markets on Wednesday struggled to extend their winning streak. The S&amp;P closed -0.72%, the Nasdaq -1.25%, and the Dow -0.51%. Crude oil rose on signs of strong demand with WTI adding 1.4% to approach $88 a barrel. After the release of the Fed&#8217;s minutes, the U.S. 10-year yield inched up to 2.889%.<\/p>\n<p>Notable movers were <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a>, down almost 6%, <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a>, sinking 2.84%, <a href=\"https:\/\/stockchase.com\/company\/view\/6056\/ZM-Q\">Zoom<\/a> falling 6.24% and <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> down 5.63%. The meme trade suddenly returned as <a href=\"https:\/\/stockchase.com\/company\/view\/5592\/AMC-N\">AMC<\/a> slid nearly 14% while <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed, Bath &amp; Beyond<\/a> jumped 11.77%. <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> shares exchanged the most hands and climbed 0.88%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> sank 2% to $23,400. The S&amp;P is struggling to break above its 200-day average.<\/p>\n<p>In Toronto, energy and staples led while materials and tech lagged. The TSX slipped 0.44%. Influential names were <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold<\/a> at -2.03%, <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy<\/a> up 2.56%, <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy Growth<\/a> jumping 7.84%, <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin Mining<\/a> at -5.61% and <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> adding 2.11%.<\/p>\n<p>&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna (MRNA-Q)<\/a> +6%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing (BA-N)<\/a> -2.84%<br \/>\n&#x1f4f9; <a href=\"https:\/\/stockchase.com\/company\/view\/6056\/ZM-Q\">Zoom Video Communications Inc. (ZM-Q)<\/a> -6.24%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp. (CCL-N)<\/a> -5.63%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/5592\/AMC-N\">AMC Entertainment Holdings Inc. (AMC-N)<\/a> -14%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed Bath &amp; Beyond (BBBY-Q)<\/a> +11.77%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple (AAPL-Q)<\/a> +0.88%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold (ABX-T)<\/a> -2.03%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> +2.56%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> +7.84%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin Mining Corp. (LUN-T)<\/a> -5.61%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc (SU-T)<\/a> +2.11%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After several days of gains in Toronto and New York, markets on Wednesday struggled to extend their winning streak. The S&amp;P closed -0.72%, the Nasdaq -1.25%, and the Dow -0.51%. Crude oil rose on signs of strong demand with WTI [&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-290262","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\/290262","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=290262"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/290262\/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=290262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=290262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=290262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}