Hawkish signals from the U.S. Fed in recent days that it will hike interest rates pressured stocks on Friday. The S&P closed the session -1.29% and 1.2% for the week, the Nasdaq -2.% and -2.7% for the week, and the Dow -0.86% though was flat for the week. Tech and growth led the sell-off while energy led gains.<\/p>\n
Wall Street winners included Occidental<\/a> which jumped 9.57% after Warren Buffett bought 50% of the company. GM<\/a> advanced 2.76% and Warner Bros. Discovery<\/a> added nearly 4%. Amazon<\/a> closed -2.92%, Meta<\/a> -3.84%, Etsy<\/a> -6.47% and AMD<\/a> -4.3%. However, that paled next to the 42.35 plunge by meme stock Bed bath & Beyond<\/a> after its biggest shareholder, Ryan Cohen, sold his entire stake. The 10-year yield climbed to 2.974%.<\/p>\n Things were less dramatic in Toronto though the TSX closed -0.76% for the day. Oil’s recent comeback cushioned the TSX’s fall as it shed only 68 points for the week and stayed above 20,000. WTO held at $90 a barrel and ticked down slightly after a choppy day. Utilities and telcos were the rare bright spots. Kinross Gold<\/a> added 2%, Birchcliff Energy<\/a> 4.26% and Brookfield Infrastructure<\/a> 2.13%. However, Shopify<\/a> sank nearly 7%. Baytex<\/a> closed -3.27%, Cenovus<\/a> -1.99% and Air Canada<\/a> -4.56%. Finally, Bitcoin<\/a> slid nearly 9% to $21,300.<\/p>\n 🛢 Occidental Petroleum Corp (OXY-N)<\/a> +9.57% Hawkish signals from the U.S. Fed in recent days that it will hike interest rates pressured stocks on Friday. The S&P closed the session -1.29% and 1.2% for the week, the Nasdaq -2.% and -2.7% for the week, and the […]<\/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-290586","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\/290586","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=290586"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/290586\/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=290586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=290586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=290586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🚘 General Motors Corporation (GM-N)<\/a> +2.76%
\n📺 Warner Bros. Discovery (WBD-Q)<\/a> +4%
\n📦 Amazon.com (AMZN-Q)<\/a> -2.92%
\n🕵️♂️ Meta Platforms, Inc. (META-Q)<\/a> -3.84%
\n🛍 Etsy Inc. (ETSY-Q)<\/a> -6.47%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -4.3%
\n🛏 Bed Bath & Beyond (BBBY-Q)<\/a> -42.35%
\n🥇 Kinross Gold (K-T)<\/a> +2%
\n🛢 Birchcliff Energy Ltd. (BIR-T)<\/a> +4.26%
\n🏛 Brookfield Infrastructure LP (BIP-N)<\/a> +2.13%
\n🛍 Shopify Inc. (SHOP-T)<\/a> -7%
\n🛢 Baytex Energy Corp (BTE-T)<\/a> -3.27%
\n🛢 Cenovus Energy (CVE-T)<\/a> -1.99%
\n🛫 Air Canada (AC-T)<\/a> -4.56%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -9%<\/p>\n","protected":false},"excerpt":{"rendered":"