{"id":299165,"date":"2022-10-27T17:56:24","date_gmt":"2022-10-27T21:56:24","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=299165"},"modified":"2022-10-27T17:56:24","modified_gmt":"2022-10-27T21:56:24","slug":"stocks-climb-but-megatech-sinks","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-climb-but-megatech-sinks\/","title":{"rendered":"Stocks climb, but megatech sinks"},"content":{"rendered":"

A few days before Hallowe’en, Meta\/Facebook horrified Wall street with a poor quarter and weak guidance that announced more spending instead of less. By the end of Thursday, Meta<\/a> had tanked 24.56% (that’s no typo). That dragged the Nasdaq down by 1.63% while the S&P slipped 0.61% and the Dow gained the same amount. However, another tech name, ServiceNow<\/a>, reported a strong quarter and bounced 13.44%.<\/p>\n

Other major movers were Intel<\/a> at -3.45%, Alphabet<\/a> -2.85% and Caterpillar<\/a> 7.71%. After hours, Amazon<\/a> reported a miss and sank around 19% while investors digested Apple’s generally positive quarter. The U.S. 10-year yield fell below 4% as Bitcoin<\/a> slipped 1.35% to trade around $20,500.<\/p>\n

The TSX rose a modest 0.39% with the sectors mixed between positive and negative. Shopify<\/a> reported a convincing beat and soared 17.13%, making tech the top sector. Osisko Mining<\/a> jumped 9.23% and NFI<\/a> regained 6.47% while Barrick Gold<\/a> fell 1.36% and Tamarack Valley Energy<\/a> rose over 3%. WTI climbed 1% to nearly $89.<\/p>\n

🕵️‍♂️ Meta Platforms Inc \/ Facebook (META-Q)<\/a> -24.56%
\n💾 Servicenow (NOW-N)<\/a> +13.44%
\n💾 Intel (INTC-Q)<\/a> -3.45%
\n🧮 Alphabet Inc. \/ Google (GOOG-Q)<\/a> -2.85%
\n🏗 Caterpillar (CAT-N)<\/a> +7.71%
\n📦 Amazon.com (AMZN-Q)<\/a> -19%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.35%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +17.13%
\n⛏ Osisko Mining (OSK-T)<\/a> +9.23%
\n🚚 New Flyer Industries Inc. (NFI-T)<\/a> +6.47%
\n🥇 Barrick Gold (ABX-T)<\/a> -1.36%
\n🛢 Tamarack Valley Energy (TVE-T)<\/a> +3%<\/p>\n","protected":false},"excerpt":{"rendered":"

A few days before Hallowe’en, Meta\/Facebook horrified Wall street with a poor quarter and weak guidance that announced more spending instead of less. By the end of Thursday, Meta had tanked 24.56% (that’s no typo). That dragged the Nasdaq down […]<\/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-299165","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\/299165","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=299165"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/299165\/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=299165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=299165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=299165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}