Friday saw an ugly session that ended the week with all the major indices down and many stocks hitting 52-week lows. Investors continued to react to central banks hiking interest rates around the world, including the U.S. Fed whose announcement last Wednesday triggered this prolonged sell-off. On top of that, crude oil fell to levels last seen in January, before Russia invaded Ukraine. WTI slid 5.25% to $79. The indices avoided closing on the weakest level of the day, bouncing after they broke below the June 16 low: the S&P finished -1.72% to 3,693, the Nasdaq -1.8% sank below 11,000, and the Dow -1.62% below 30,000. All 11 S&P sectors finished in the red for the day as well as the week. The major U.S. indices all lost 4-5% for the week.<\/p>\n
The most influential stocks were Apple<\/a> at -1.51%, Bank of America<\/a> -2.37%, Ford<\/a> -3.6% and AMD<\/a> -2.22%. The U.S. 10-year yield actually ticked down to 3.679% while Bitcoin<\/a> slid 2.64% below $19,000.<\/p>\n The TSX sank 2.75% to 18,480, weighed by a 17.6% plunge in energy stocks. The index was down 4.67% for the week. All sectors were negative on Friday. The biggest movers were TC Energy<\/a> at -5.28%, Suncor<\/a> -9.26%, Barrick Gold<\/a> -3.34% and CNQ<\/a> -7.03%. The few gainers included Dye & Durham<\/a> up 4.98% and Canopy<\/a> gaining 4.36%. However, the U.S. dollar continued to dominate other currencies as the Canadian dollar fell to 73.54 cents, its lowest level since 2020.<\/p>\n 🍎 Apple (AAPL-Q)<\/a> -1.51% Friday saw an ugly session that ended the week with all the major indices down and many stocks hitting 52-week lows. Investors continued to react to central banks hiking interest rates around the world, including the U.S. Fed whose announcement […]<\/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-294842","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\/294842","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=294842"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/294842\/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=294842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=294842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=294842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🏛 Bank of America (BAC-N)<\/a> -2.37%
\n🚘 Ford Motor (F-N)<\/a> -3.6%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -2.22%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2.64%
\n🛢 TC Energy (TRP-T)<\/a> -5.28%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -9.26%
\n🥇 Barrick Gold (ABX-T)<\/a> -3.34%
\n🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> -7.03%
\n💾 Dye & Durham (DND-T)<\/a> +4.98%
\n🌿 Canopy Growth Corp. (WEED-T)<\/a> +4.36%<\/p>\n","protected":false},"excerpt":{"rendered":"