The Grinch hit markets this week, driven by hawkish U.S. Fed comments and lingering pessimism about a recession in the new year. The S&P closed Friday -1.12%, or -2.21% for the week, below 3,900, the Nasdaq -0.97% Friday and -2.81% for the week, and the Dow -0.82% and nearly -2% below 33,000. It was another day of red across screens, especially in real estate and consumer discretionary.<\/p>\n
Tesla<\/a> extended its losing streak by shedding another 4.4%. Ford<\/a> closed -7.02%, Moderna<\/a> -7.11% and Pfizer<\/a> -3.58%, though Meta<\/a> rallied 2.78%. The U.S. 10-year yield came in at 3.486% whole Bitcoin<\/a> slid nearly 3% below $17,000.<\/p>\n The TSX closed -0.9% Friday and was down 2% for the week below 19,500. The only positive sectors were staples and materials. Enghouse<\/a> leapt 9.55% and Barrick Gold<\/a> added 1.67% in heavy trading, but energy and utilities struggled, like Suncor<\/a> at -1.82%, CNQ<\/a> -3.36% and Algonquin Power<\/a> -5.14%.<\/p>\n 🚗 Tesla Motors Inc (TSLA-Q)<\/a> -4.4% The Grinch hit markets this week, driven by hawkish U.S. Fed comments and lingering pessimism about a recession in the new year. The S&P closed Friday -1.12%, or -2.21% for the week, below 3,900, the Nasdaq -0.97% Friday and -2.81% […]<\/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-306011","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\/306011","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=306011"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/306011\/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=306011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=306011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=306011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🚘 Ford Motor (F-N)<\/a> -7.02%
\n💉 Moderna (MRNA-Q)<\/a> -7.11%
\n💊 Pfizer Inc (PFE-N)<\/a> -3.58%
\n🕵️♂️ Meta Platforms Inc \/ Facebook (META-Q)<\/a> +2.78%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3%
\n💾 Enghouse Systems (ENGH-T)<\/a> +9.55%
\n🥇 Barrick Gold (ABX-T)<\/a> +1.67%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -1.82%
\n🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> -3.36%
\n💡 Algonquin Power & Utilities Corp (AQN-T)<\/a> -5.14%<\/p>\n","protected":false},"excerpt":{"rendered":"