{"id":310530,"date":"2023-01-25T17:31:12","date_gmt":"2023-01-25T22:31:12","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=310530"},"modified":"2023-01-25T17:31:12","modified_gmt":"2023-01-25T22:31:12","slug":"markets-dip-then-recover-from-microsoft-guidance","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-dip-then-recover-from-microsoft-guidance\/","title":{"rendered":"Markets dip then recover from Microsoft guidance"},"content":{"rendered":"

Wednesday saw markets on both sides of the border do a near-180 turn, dipping sharply at the open, then gradually climbing to break-even by the afternoon close. The catalyst for this horseshoe-shaped move was tech titan Microsoft which announced a most positive quarter late Tuesday, but also issued downbeat guidance centering on slowing cloud computing growth. MSFT<\/a> jumped over 4% late Tuesday, plunged Wednesday morning but crawled up to close at -0.59%. The indices fared better: the S&P -0.02%, the Nasdaq -0.18%, and the Dow 0.03%.<\/p>\n

Earnings drove several other names, including AT&T<\/a>, which jumped 6.58%. However, tech retreated with Alphabet<\/a> (A class) finishing -2.54%. Elsewhere, Warner Bros. Discovery<\/a> soared 8.59%, and Nasdaq (the stock, not the index) sank 5.85%. The U.S. 10-year yield held around 3.46% while Bitcoin<\/a> climbed 1.38% to nearly $23,000.<\/p>\n

Similarly, the TSX rose throughout the day to post a modest loss of 0.15%. Sectors were mixed with materials and tech rallying, but industrials tanking. Shopify<\/a> leapt nearly 11% while Silvercrest Metals<\/a> rallied 8.18% and Fortuna Silver Mines<\/a> rose 7.6%. The rails fared less well with CN<\/a> down 4.67% and CP<\/a> sinking 3.72%. Royal Bank<\/a> traded the most hands, but shed 1.21%. WTI inched up 0.5% to $80.50. The Bank of Canada increased interest rates by the expected 50 basis points.<\/p>\n

Ⓜ Microsoft (MSFT-Q)<\/a> -0.59%
\n📱 AT&T (T-N)<\/a> +6.58%
\n🧮 Alphabet Inc. \/ Google (GOOG-Q)<\/a> -2.54%
\n📺 Warner Bros. Discovery (WBD-Q)<\/a> +8.59%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1.38%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +11%
\n⛏ SilverCrest Metals Inc (SIL-T)<\/a> +8.18%
\n🥈 Fortuna Silver Mines (FVI-T)<\/a> +7.6%
\n🚂 Canadian National R.R. (CNR-T)<\/a> -4.67%
\n🚂 Canadian Pacific Rail (CP-T)<\/a> -3.72%
\n🏛 Royal Bank (RY-T)<\/a> -1.21%<\/p>\n","protected":false},"excerpt":{"rendered":"

Wednesday saw markets on both sides of the border do a near-180 turn, dipping sharply at the open, then gradually climbing to break-even by the afternoon close. The catalyst for this horseshoe-shaped move was tech titan Microsoft which announced a […]<\/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-310530","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\/310530","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=310530"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/310530\/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=310530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=310530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=310530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}