{"id":312020,"date":"2023-02-06T17:07:15","date_gmt":"2023-02-06T22:07:15","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=312020"},"modified":"2023-02-06T17:07:15","modified_gmt":"2023-02-06T22:07:15","slug":"markets-decline-ahead-of-u-s-fed-comments","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-decline-ahead-of-u-s-fed-comments\/","title":{"rendered":"Markets decline ahead of U.S. Fed comments"},"content":{"rendered":"<p>The bears creeped back into the market Monday ahead of U.S. Fed Jerome Powell&#8217;s comments on Tuesday. Last Friday&#8217;s historically low unemployment numbers are rattling Wall Street and it fears Powell will issue hawkish sentiments. The S&amp;P closed -0.6%%, the Nasdaq -0.96%, and the Dow 0.1%.<\/p>\n<p>While many sectors were in the red, tech figured among the most notable movers: <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> -1.94%, <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> -5.15% and <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard<\/a> -4.8% ahead of earnings. However, <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> fared better by adding 2.29%. The U.S. 10-year yield inched up to 3.653% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> added 0.3% to touch $23,000.<\/p>\n<p>The TSX fared little better, down 0.68% for the day. Telcos were the only positive sector and just barely. Materials and real estate fell the most. <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals<\/a> sank 8.06% and <a href=\"https:\/\/stockchase.com\/OSK-T\">Osisko Mining<\/a> slid 10.45%. <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife<\/a> shed 1.56%. However, some tech names rallied, including <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> by 2.34% and <a href=\"https:\/\/stockchase.com\/DND-T\">Dye &amp; Durham<\/a> up 2.04%. WTI climbed 1.3% to $74.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> -1.94%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel (INTC-Q)<\/a> -5.15%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard (ATVI-Q)<\/a> -4.8%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Inc (TSLA-Q)<\/a> +2.29%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.3%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals (FM-T)<\/a> -8.06%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/OSK-T\">Osisko Mining (OSK-T)<\/a> -10.45%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife Financial (MFC-T)<\/a> -1.56%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed Commerce Inc (LSPD-T)<\/a> +2.34%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/DND-T\">Dye &amp; Durham (DND-T)<\/a> +2.04%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bears creeped back into the market Monday ahead of U.S. Fed Jerome Powell&#8217;s comments on Tuesday. Last Friday&#8217;s historically low unemployment numbers are rattling Wall Street and it fears Powell will issue hawkish sentiments. The S&amp;P closed -0.6%%, the [&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-312020","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\/312020","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=312020"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/312020\/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=312020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=312020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=312020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}