As expected Wednesday afternoon, the U.S. Federal Bank raised interest rates by 25 basis points, but chair Powell’s comments afterwards triggered a sell-off of American stocks. All the major indices sank by 1.6% by the close.<\/p>\n
Tesla<\/a> changed the most hands at -2.74%, the Bank of America<\/a> -2.89%, First Republic Bank<\/a> -16.87% as its losses continued and Comerica<\/a> -8.37%. AMD<\/a> was one of the few positive named, adding 2.57%. The U.S. 10-year yield slipped to 3.445% while Bitcoin<\/a> slid 4.6% below $27,000.<\/p>\n The TSX fared better as recent inflation decent numbers were decidedly down. The TSX closed only -0.17% though most sectors laffed, led by real estates. Consumer staples, however, rallied. Crescent Point Energy<\/a> changed the most hands as it popped 3.18%, Osisko Mining<\/a> soared 10.61%, Parkland<\/a> rallied 9.72%, though Birchcliffe Energy<\/a> sank 4.44% and Canopy Growth<\/a> sank 4.43%. WTI crude added 0.5% past $70 a barrel.<\/p>\n 🚗 Tesla Inc (TSLA-Q)<\/a> -2.74% As expected Wednesday afternoon, the U.S. Federal Bank raised interest rates by 25 basis points, but chair Powell’s comments afterwards triggered a sell-off of American stocks. All the major indices sank by 1.6% by the close. Tesla changed the most […]<\/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-317891","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\/317891","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=317891"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/317891\/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=317891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=317891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=317891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🏛 Bank of America (BAC-N)<\/a> -2.89%
\n🏛 First Republic Bank (FRC-N)<\/a> -16.87%
\n🏛 Comerica Inc (CMA-N)<\/a> -8.37%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> +2.57%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -4.6%
\n🛢 Crescent Point Energy Corp (CPG-T)<\/a> +3.18%
\n⛏ Osisko Mining (OSK-T)<\/a> +10.61%
\n🚚 Parkland Fuel Corp (PKI-T)<\/a> +9.72%
\n🛢 Birchcliff Energy Ltd. (BIR-T)<\/a> -4.44%
\n🌿 Canopy Growth Corp. (WEED-T)<\/a> -4.43%<\/p>\n","protected":false},"excerpt":{"rendered":"