{"id":304389,"date":"2022-12-05T17:49:57","date_gmt":"2022-12-05T22:49:57","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=304389"},"modified":"2022-12-05T17:50:49","modified_gmt":"2022-12-05T22:50:49","slug":"recessionary-fears-pressure-stocks","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/recessionary-fears-pressure-stocks\/","title":{"rendered":"Recessionary fears pressure stocks"},"content":{"rendered":"<p>Monday saw recessionary fears sink markets. Meanwhile, OPEC+ announced it will maintain current oil output levels. Energy took a beating on Bay Street as the worst-performing sector. The TSX sank 1.25% and saw only utilities and telcos gain any ground.<\/p>\n<p>Major movers included weed stocks, such as <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray<\/a> up 2.76% and <a href=\"https:\/\/stockchase.com\/ALA-T\">Altagas<\/a> leaping 4.56% after raising its dividend. Hit hard were oil names like <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a>, down 1.79%, and <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> slipping 3.69%. Mineral names like <a href=\"https:\/\/stockchase.com\/ABX-T\">Barrick Gold<\/a> shed 1.66%. WTI crude sank over 3% to $77.50 though rallied more than 3% earlier in the day.<\/p>\n<p>On Wall Street, the S&amp;P closed -1.79% below 4,000, the Nasdaq -1.93%, and the Dow -1.4% to 34,000. Heading down were <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> at -5.14%, <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon<\/a> -3.39% <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival<\/a> -3.5%, and <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> -6.9% after a report of the company lowering production in Shanghai. One of the few gainers was <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Air<\/a> which climbed 2.37%. The U.S. 10-year yield inched up 3.6% as <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> retreated 0.95% to nearly $17,000.<\/p>\n<p>&#x1f33f; <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +2.76%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/ALA-T\">Altagas Ltd (ALA-T)<\/a> +4.56%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc (SU-T)<\/a> -1.79%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs (CNQ-T)<\/a> -3.69%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/ABX-T\">Barrick Gold (ABX-T)<\/a> -1.66%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America (BAC-N)<\/a> -5.14%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon.com (AMZN-Q)<\/a> -3.39%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival Corp. (CCL-N)<\/a> -3.5%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -6.9%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Airlines Holdings (UAL-Q)<\/a> +2.37%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.95%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monday saw recessionary fears sink markets. Meanwhile, OPEC+ announced it will maintain current oil output levels. Energy took a beating on Bay Street as the worst-performing sector. The TSX sank 1.25% and saw only utilities and telcos gain any ground. [&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-304389","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\/304389","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=304389"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/304389\/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=304389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=304389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=304389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}