{"id":314000,"date":"2023-02-21T19:44:56","date_gmt":"2023-02-22T00:44:56","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=314000"},"modified":"2023-02-21T19:44:56","modified_gmt":"2023-02-22T00:44:56","slug":"stocks-slide-on-surging-yields","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-slide-on-surging-yields\/","title":{"rendered":"Stocks slide on surging yields"},"content":{"rendered":"<p>The shortened trading week Tuesday saw stocks sink across the board as U.S. yields surged. The U.S. 10-year flirted with 4% as the S&amp;P and Dow both lost 2%. The S&amp;P fell below 4,000. Meanwhile, the Nasdaq slumped 2.5% and sank below 11,500.<\/p>\n<p>Influential names were <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> at -5.25%, <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> -2.67%, <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> -5.61%, <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> -2.7% and <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford<\/a> -5.35%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slid over 2% to $24,200.<\/p>\n<p>The TSX fared better, but still closed -1.28% and fell below 20,000. All sectors were down, especially consumer staples, real estate and financials. Major movers were <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> up 1.91%, <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> -1.29%, <a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge<\/a> -1.58%, <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/4801\/NXE-T\">Nexgen Energy<\/a> shedding nearly 9%, and <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> at -6.67%. WTI declined only 0.25% to stay above $76 as energy outperformed the wider market.<\/p>\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Inc (TSLA-Q)<\/a> -5.25%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> -2.67%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> -5.61%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com, Inc. (AMZN-Q)<\/a> -2.7%<br \/>\n&#x1f698; <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford Motor (F-N)<\/a> -5.35%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc (SU-T)<\/a> +1.91%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial (MFC-T)<\/a> -1.29%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge (ENB-T)<\/a> -1.58%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems (BLDP-T)<\/a> -9%<br \/>\n&#x26a1; <a href=\"https:\/\/stockchase.com\/company\/view\/4801\/NXE-T\">NexGen Energy (NXE-T)<\/a> -9%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> -6.67%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shortened trading week Tuesday saw stocks sink across the board as U.S. yields surged. The U.S. 10-year flirted with 4% as the S&amp;P and Dow both lost 2%. The S&amp;P fell below 4,000. Meanwhile, the Nasdaq slumped 2.5% and [&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-314000","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\/314000","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=314000"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/314000\/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=314000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=314000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=314000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}