{"id":292584,"date":"2022-09-06T18:56:42","date_gmt":"2022-09-06T22:56:42","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=292584"},"modified":"2022-09-06T18:56:42","modified_gmt":"2022-09-06T22:56:42","slug":"stocks-and-cryptos-sink-opec-cuts","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-and-cryptos-sink-opec-cuts\/","title":{"rendered":"Stocks and cryptos sink, OPEC+ cuts"},"content":{"rendered":"<p>The first session after Labour Day was a choppy one as stocks see-sawed between green and red, but finished slightly negative.<br \/>\nIn New York, the S&amp;P closed -0.41%, the Nasdaq retraced by -0.74%, and the Dow -0.55%. Markets shrugged off a production cut in crude oil by OPEC+, but reacted negatively to news of Covid lockdowns in a few locations in China. Despite that, WTI held around $86.70 in a flat session.<\/p>\n<p>Winners included <a href=\"https:\/\/stockchase.com\/NUE-N\">Nucor<\/a> up 2.81%, <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Airlines<\/a> 3.6% and <a href=\"https:\/\/stockchase.com\/ENPH-Q\">Enphase<\/a> by 4.93%. Among the losers were <a href=\"https:\/\/stockchase.com\/CMCSA-Q\">Comcast<\/a> at -2.85%, <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> -2.75% and <a href=\"https:\/\/stockchase.com\/MMM-N\">3M<\/a> -4.15%. Fears that the U.S. Fed will hike rates sharply continued to fuel the U.S. 10-year yield which rose to 3.345%. In contrast, <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> sank more than 4% below $19,000.<\/p>\n<p>In Toronto, the TSX shed 0.55% as all sectors sank, starting with energy, consumer discretionary and materials. Notable movers were <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> at -2.2%, <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy<\/a> -1.87%, <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> -2.14% and <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> -3.54%. Rallying were <a href=\"https:\/\/stockchase.com\/ARE-T\">Aecon<\/a> by 2.45% and <a href=\"https:\/\/stockchase.com\/TRQ-T\">Turquoise Hill<\/a> up 2.35%.<\/p>\n<p>&#x26d3; <a href=\"https:\/\/stockchase.com\/NUE-N\">Nucor Corp. (NUE-N)<\/a> +2.81%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Airlines Holdings (UAL-Q)<\/a> +3.6%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/ENPH-Q\">Enphase Energy (ENPH-Q)<\/a> +4.93%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/CMCSA-Q\">Comcast Corp (CMCSA-Q)<\/a> -2.85%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel (INTC-Q)<\/a> -2.75%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/MMM-N\">3M Co. (MMM-N)<\/a> -4.15%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -4%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc (SU-T)<\/a> -2.2%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy (TRP-T)<\/a> -1.87%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs (CNQ-T)<\/a> -2.14%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy (CVE-T)<\/a> -3.54%<br \/>\n&#x1f9f1; <a href=\"https:\/\/stockchase.com\/ARE-T\">Aecon Group Inc (ARE-T)<\/a> +2.45%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/TRQ-T\">Turquoise Hill Resources (TRQ-T)<\/a> +2.35%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first session after Labour Day was a choppy one as stocks see-sawed between green and red, but finished slightly negative. In New York, the S&amp;P closed -0.41%, the Nasdaq retraced by -0.74%, and the Dow -0.55%. Markets shrugged off [&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-292584","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\/292584","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=292584"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/292584\/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=292584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=292584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=292584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}