{"id":312381,"date":"2023-02-08T17:44:59","date_gmt":"2023-02-08T22:44:59","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=312381"},"modified":"2023-02-08T17:44:59","modified_gmt":"2023-02-08T22:44:59","slug":"headlines-and-fed-dampen-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/headlines-and-fed-dampen-markets\/","title":{"rendered":"Headlines and Fed dampen markets"},"content":{"rendered":"

Markets sank Wednesday on fears that the U.S. Fed will continue to hike rates and on negative news from key companies. Alphabet<\/a> shares tanked around 7.68% (A class) after Google’s new AI demonstration suffered a glitch that left the street skeptical (coming a day after Microsoft unveiled its new AI-enhanced Bing search engine. The S&P closed -1.11%, the Nasdaq -1.68%%, and the Dow -0.61%.<\/p>\n

Tesla<\/a> traded the most hands and rose 2.28% while CME Group<\/a> added 5.42%. However, Lumen Technologies<\/a> sank 20.84%. The U.S. 10-year yield held at 3.619% as Bitcoin<\/a> slipped 1.5% below $23,000. Earnings season continued as Disney reported a beat and layoffs after hours, and shares surged.<\/p>\n

The TSX fared better by shedding only 0.22%. Sectors were mixed as consumer staples soared while materials led the laggards. Major movers included Enbridge<\/a> at -2.69%, Shopify<\/a> -2.67%, Canada Goose<\/a> -4.44%, Wesdome Gold Mines<\/a> rallying 4.37%, and Brookfield Asset Management<\/a> advancing 2.75%. WTI oil jumped 1.65 To $78.50.<\/p>\n

🧮 Alphabet Inc. \/ Google (GOOG-Q)<\/a> -7.68%
\n🚗 Tesla Inc (TSLA-Q)<\/a> +2.28%
\n🏛 Market Summary > CME Group Inc (CME-Q)<\/a> +5.42%
\n📡 Lumen Technologies Inc (LUMN-N)<\/a> -20.84%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.5%
\n🛢 Enbridge (ENB-T)<\/a> -2.69%
\n🛍 Shopify Inc. (SHOP-T)<\/a> -2.67%
\n🧣 Canada Goose Holdings (GOOS-T)<\/a> -4.44%
\n⛏ Wesdome Gold Mines Ltd. (WDO-T)<\/a> +4.37%
\n🏛 Brookfield Asset Management Inc. (BAM-N)<\/a> +2.75%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets sank Wednesday on fears that the U.S. Fed will continue to hike rates and on negative news from key companies. Alphabet shares tanked around 7.68% (A class) after Google’s new AI demonstration suffered a glitch that left the street […]<\/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-312381","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\/312381","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=312381"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/312381\/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=312381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=312381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=312381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}