January’s U.S. producer’s inflation numbers came in higher than expected, pressuring stocks across many sectors on Thursday. The sell-off was pronounced in the final hour of trading. The S&P closed -1.38%, the Nasdaq -1.78% to fall below 12,000, and the Dow -1.26%.<\/p>\n
Major movers were Tesla<\/a> at -5.27%, Cisco<\/a> up 5.16% after an earnings beat, AMD<\/a> -5.38%, Albemarle<\/a> 5.22% and Etsy<\/a> -8.4%. The U.S. 10-year yield rose to 3.85% while Bitcoin<\/a> rallied over 2% to $24,500.<\/p>\n The TSX was mixed with materials and consumer discretionary showing strength, but tech and energy tumbling. The TSX declined 0.55%. Notable mover were Canadian Tire (A class)<\/a> jumping TSX 5.05%, Teck Resources<\/a> 4.98%, Manulife<\/a> 3.79%, but Cenovus<\/a> finishing -4.46% and Shopify<\/a> tanking 15.47% after issue lacklustre guidance.<\/p>\n 🚗 Tesla Inc (TSLA-Q)<\/a> -5.27% January’s U.S. producer’s inflation numbers came in higher than expected, pressuring stocks across many sectors on Thursday. The sell-off was pronounced in the final hour of trading. The S&P closed -1.38%, the Nasdaq -1.78% to fall below 12,000, and the […]<\/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-313500","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\/313500","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=313500"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/313500\/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=313500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=313500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=313500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Cisco (CSCO-Q)<\/a> +5.16%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -5.38%
\n⛏ Albemarle Corp (ALB-N)<\/a> +5.22%
\n🛍 Etsy Inc. (ETSY-Q)<\/a> -8.4%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +2%
\n🛒 Canadian Tire Corporation Ltd. (A) (CTC.A-T)<\/a> +5.05%
\n⛏ Teck Resources Ltd. (B) (TECK.B-T)<\/a> +4.98%
\n🏛 Manulife Financial (MFC-T)<\/a> +3.79%
\n🛢 Cenovus Energy (CVE-T)<\/a> -4.46%
\n🛍 Shopify Inc. (SHOP-T)<\/a> -15.47%<\/p>\n","protected":false},"excerpt":{"rendered":"