{"id":311064,"date":"2023-01-30T18:17:16","date_gmt":"2023-01-30T23:17:16","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=311064"},"modified":"2023-01-30T18:27:44","modified_gmt":"2023-01-30T23:27:44","slug":"stocks-sink-ahead-of-tech-earnings-and-fed","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-sink-ahead-of-tech-earnings-and-fed\/","title":{"rendered":"Stocks sink ahead of tech earnings and Fed"},"content":{"rendered":"<p>The trading week began on a dour note as markets in Toronto and New York sank ahead of major tech earnings and the U.S. Fed&#8217;s latest interest rate announcement later this week. Fear or profit-taking crept into the stock market as the S&amp;P closed -1.3%, the Nasdaq -1.96%, and the Dow -0.77%.<\/p>\n<p>Changing hands at high volume were <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> at -6.32% and <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> -2.01%. Other notable names were <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna<\/a> at -4.48%, <a href=\"https:\/\/stockchase.com\/DVN-N\">Devon Energy<\/a> -4.49% and <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> at -5.91%. The U.S. 10-year yield crept up to 3.54% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> sank over 4% to fall below $23,000.<\/p>\n<p>On Bay Street, only telcos were rallied while all other sectors fell, especially energy and tech. The TSX closed -0.69%. Biggest movers were <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife<\/a> at -0.15% and <a href=\"https:\/\/stockchase.com\/TD-T\">TD<\/a> at -0.84%. Other notables were <a href=\"https:\/\/stockchase.com\/ATH-T\">Athabasca Oil<\/a> gaining 2.97%, <a href=\"https:\/\/stockchase.com\/PEY-T\">Peyto<\/a> -6.53% and <a href=\"https:\/\/stockchase.com\/BHC-N\">Bausch Health<\/a> at -6.01%. WTI didn&#8217;t escape the sell-off, and sank 2.5% below $78.<\/p>\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -6.32%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> -2.01%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna (MRNA-Q)<\/a> -4.48%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/DVN-N\">Devon Energy Corp (DVN-N)<\/a> -4.49%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia Corp (NVDA-Q)<\/a> -5.91%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -4%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife Financial (MFC-T)<\/a> -0.15%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/TD-T\">Toronto Dominion (TD) (TD-T)<\/a> -0.84%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/ATH-T\">Athabasca Oil Sands Corp (ATH-T)<\/a> +2.97%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/PEY-T\">Peyto Exploration &amp; Develop. (PEY-T)<\/a> -6.53%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/BHC-N\">Bausch Health Companies Inc (BHC-N)<\/a> -6.01%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading week began on a dour note as markets in Toronto and New York sank ahead of major tech earnings and the U.S. Fed&#8217;s latest interest rate announcement later this week. Fear or profit-taking crept into the stock market [&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-311064","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\/311064","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=311064"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/311064\/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=311064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=311064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=311064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}