{"id":296218,"date":"2022-10-05T18:42:52","date_gmt":"2022-10-05T22:42:52","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=296218"},"modified":"2022-10-05T18:42:52","modified_gmt":"2022-10-05T22:42:52","slug":"stocks-choppy-opec-oil-cuts","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-choppy-opec-oil-cuts\/","title":{"rendered":"Stocks choppy, OPEC oil cuts"},"content":{"rendered":"<p>After two days of strong gains, markets gave back on Wednesday in a choppy session. When the smoke cleared, the S&amp;P was -0.19%, the Nasdaq -0.25% and the Dow -0.14%. Meanwhile, OPEC+ went ahead with a production cut in crude oil of two million barrels a day, as widely reported earlier this week. This elevated WTI by 1.7% to $88 and WCS by 2.7% to $63.50.<\/p>\n<p>On Wall Street, the major movers were <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> at -3.44%, <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> -4.51%, <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter<\/a> -1.76%, <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America<\/a> -1.41%, <a href=\"https:\/\/stockchase.com\/company\/view\/1122\/SLB-N\">Schlumberger<\/a> 6.58% and <a href=\"https:\/\/stockchase.com\/company\/view\/868\/NKE-N\">Nike<\/a> 2.72%, making up for some recent loses. Bitcoin was flat.<\/p>\n<p>In Toronto, energy&#8217;s resurgence limited the TSX&#8217;s losses to -0.51% on the day. Besides energy, consumer discretionary was the only other positive sector. Influential stocks were <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a> up 4.65%, <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy<\/a> at 3.88%, <a href=\"https:\/\/stockchase.com\/company\/view\/4187\/WCP-T\">Whitecap Resources<\/a> 2.81%, and <a href=\"https:\/\/stockchase.com\/company\/view\/949\/PEY-T\">Peyto Exploration<\/a> up 4.95%. Meanwhile, <a href=\"https:\/\/stockchase.com\/company\/view\/721\/LIF-T\">Labrador Iron Ore<\/a> closed -6.63%, <a href=\"https:\/\/stockchase.com\/company\/view\/626\/IMG-T\">IAMGOLD<\/a> -5.99% and <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> -5.46%.<\/p>\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -3.44%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp. (CCL-N)<\/a> -4.51%<br \/>\n&#x1f426; <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter, Inc (TWTR-N)<\/a> -1.76%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America (BAC-N)<\/a> -1.41%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1122\/SLB-N\">Schlumberger Ltd. (SLB-N)<\/a> +6.58%<br \/>\n&#x1f45f; <a href=\"https:\/\/stockchase.com\/company\/view\/868\/NKE-N\">Nike Inc (NKE-N)<\/a> +2.72%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy (CVE-T)<\/a> +4.65%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> +3.88%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4187\/WCP-T\">Whitecap Resources (WCP-T)<\/a> +2.81%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/949\/PEY-T\">Peyto Exploration &amp; Develop. (PEY-T)<\/a> +4.95%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/721\/LIF-T\">Labrador Iron Ore Royalty (LIF-T)<\/a> -6.63%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/626\/IMG-T\">Iamgold Corp (IMG-T)<\/a> -5.99%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems (BLDP-T)<\/a> -5.46%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After two days of strong gains, markets gave back on Wednesday in a choppy session. When the smoke cleared, the S&amp;P was -0.19%, the Nasdaq -0.25% and the Dow -0.14%. Meanwhile, OPEC+ went ahead with a production cut in crude [&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-296218","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\/296218","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=296218"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/296218\/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=296218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=296218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=296218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}