{"id":309613,"date":"2023-01-18T17:18:11","date_gmt":"2023-01-18T22:18:11","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=309613"},"modified":"2023-01-18T17:18:11","modified_gmt":"2023-01-18T22:18:11","slug":"markets-retreat-after-recent-gains","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-retreat-after-recent-gains\/","title":{"rendered":"Markets retreat after recent gains"},"content":{"rendered":"<p>Wednesday saw markets in Toronto and New York give back recent gains. The TSX closed -0.4% but stayed above 20,000 as only materials showed any real gain, tech was flat and consumer staples led the rest of the sectors downward.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge<\/a> shares changed the most hands and declined 0.38%. Major movers also included <a href=\"https:\/\/stockchase.com\/company\/view\/2354\/DPM-T\">Dundee Precious Metals<\/a> which jumped 11.39%, <a href=\"https:\/\/stockchase.com\/company\/view\/2154\/MTY-T\">MTY Food Group<\/a> up 6.13%, <a href=\"https:\/\/stockchase.com\/company\/view\/37\/ASTL-T\">Algoma Steel<\/a> added 5.06% though <a href=\"https:\/\/stockchase.com\/company\/view\/2425\/WDO-T\">Wesdome Gold Mines<\/a> sank 16.73%.<\/p>\n<p>On Wall Street, disappointing December retail sales figures raised recessionary fears which also dampened market sentiment. The S&amp;P closed -1.56%, the Nasdaq -1.24%, and the Dow -1.81%. <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> traded the most hands, but sank 2%. The <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America<\/a> finished -2.32%, <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> -2.67%, but <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> rallied 3.32% and <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate<\/a> 3.04%. The U.S. 10-year yield hovered around 3.53% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slipped 1.8% to $20,700.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge (ENB-T)<\/a> -0.38%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2354\/DPM-T\">Dundee Precious Metals Inc. (DPM-T)<\/a> +11.39%<br \/>\n&#x1f96b; <a href=\"https:\/\/stockchase.com\/company\/view\/2154\/MTY-T\">MTY Food Group (MTY-T)<\/a> +6.13%<br \/>\n&#x26d3; <a href=\"https:\/\/stockchase.com\/company\/view\/37\/ASTL-T\">Algoma Steel Group Inc (ASTL-T)<\/a> +5.06%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2425\/WDO-T\">Wesdome Gold Mines Ltd. (WDO-T)<\/a> -16.73%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -2%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America (BAC-N)<\/a> -2.32%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> -2.67%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna (MRNA-Q)<\/a> +3.32%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate Technology (STX-Q)<\/a> +3.04%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.08%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday saw markets in Toronto and New York give back recent gains. The TSX closed -0.4% but stayed above 20,000 as only materials showed any real gain, tech was flat and consumer staples led the rest of the sectors downward. [&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-309613","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\/309613","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=309613"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/309613\/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=309613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=309613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=309613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}