{"id":302267,"date":"2022-11-17T16:50:14","date_gmt":"2022-11-17T21:50:14","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=302267"},"modified":"2022-11-17T16:50:14","modified_gmt":"2022-11-17T21:50:14","slug":"hawkish-fed-comments-dampen-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/hawkish-fed-comments-dampen-markets\/","title":{"rendered":"Hawkish Fed comments dampen markets"},"content":{"rendered":"<p>On Thursday, hawkish comments by regional members of the U.S. Fed threw cold water on the markets. Though stocks closed the session on strength, the S&amp;P finished -0.3%, the Nasdaq -0.35%, though the Dow broke even by shedding six points. Retail was in the spotlight as some department store chains reported.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/M-N\">Macy<\/a>&#8216;s soared 15% as <a href=\"https:\/\/stockchase.com\/KSS-N\">Kohl&#8217;s<\/a> advanced 5.44%. Elsewhere, <a href=\"https:\/\/stockchase.com\/CSCO-Q\">Cisco<\/a> rallied 5.36%, <a href=\"https:\/\/stockchase.com\/NCLH-N\">Norwegian Cruise Line<\/a> closed -5.36% and <a href=\"https:\/\/stockchase.com\/FCX-N\">Freeport-McMoRan<\/a> -3.17%. The U.S. 10-year yield inched up to 3.769% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> added 0.89% to around $16,700.<\/p>\n<p>A fall in oil prices pressured the TSX which slipped 0.53%. WTI sank 4% to fall to $82 a barrel. The Toronto sectors were mixed, more red than green, led by consumer staples, but were dragged down by materials and utilities. Major movers included <a href=\"https:\/\/stockchase.com\/BHC-T\">Bausch Health<\/a> up 8.82%, <a href=\"https:\/\/stockchase.com\/WDO-T\">Wesdome Gold Mines<\/a> at 4.52%, <a href=\"https:\/\/stockchase.com\/EQX-T\">Equinox Gold<\/a> down 9.17% and Descartes Systems losing 7.61%.<\/p>\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/M-N\">Macys Inc. (formerly Federated Department Stores) (M-N)<\/a> +15%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/KSS-N\">Kohl&#8217;s Corp (KSS-N)<\/a> +5.44%<br \/>\n&#x1f4e1; <a href=\"https:\/\/stockchase.com\/CSCO-Q\">Cisco (CSCO-Q)<\/a> +5.36%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/NCLH-N\">Norwegian Cruise Line Holdings (NCLH-N)<\/a> -5.36%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/FCX-N\">Freeport McMoran Copper &amp; Gold (FCX-N)<\/a> -3.17%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.89%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/BHC-T\">Bausch Health Companies Inc. (BHC-T)<\/a> +8.82%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/WDO-T\">Wesdome Gold Mines Ltd. (WDO-T)<\/a> +4.52%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/EQX-T\">Equinox Gold (EQX-T)<\/a> -9.17%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/DSG-T\">Descartes\u00a0(DSG-T)<\/a> -7.61%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, hawkish comments by regional members of the U.S. Fed threw cold water on the markets. Though stocks closed the session on strength, the S&amp;P finished -0.3%, the Nasdaq -0.35%, though the Dow broke even by shedding six points. [&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-302267","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\/302267","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=302267"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/302267\/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=302267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=302267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=302267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}