{"id":319750,"date":"2023-04-05T17:36:51","date_gmt":"2023-04-05T21:36:51","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=319750"},"modified":"2023-04-05T17:36:51","modified_gmt":"2023-04-05T21:36:51","slug":"stocks-and-yields-drift-lower","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-and-yields-drift-lower\/","title":{"rendered":"Stocks and yields drift lower"},"content":{"rendered":"<p>Tuesday saw markets in Toronto and New York drift generally lower, lacking a galvanizing catalyst. The TSX stayed above 20,000 but closed -0.57%, dragged down by tech and industrials while telcos rallied.<\/p>\n<p>Big movers were <a href=\"https:\/\/stockchase.com\/company\/view\/2488\/WSP-T\">WSP Global<\/a> at -6.84% after announcing an acquisition, <a href=\"https:\/\/stockchase.com\/company\/view\/6201\/EREUN-T\">European Residential REIT<\/a> up 3.73%, <a href=\"https:\/\/stockchase.com\/company\/view\/5280\/HBM-N\">Hudbay Minerals<\/a> 4.46%, and <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei<\/a> -4.48%. <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> grabbed dubious headlines for being the most shorted bank in the world and declined 2.46%. WTI crude retreated 0.4% and stayed above $80 a barrel.<\/p>\n<p>Even with data showing like job growth in the private sector was slowing, Wall Street closed to the downside. The S&amp;P finished -0.25% but stayed above 4,000, the Nasdaq -1.075% to dip below 12,000, and the Dow gained 0.24%. Tech lagged while healthcare rallied: <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth Group<\/a> 3.5%, <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> -3.35%, <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> -3.42% and <a href=\"https:\/\/stockchase.com\/company\/view\/4541\/MPC-N\">Marathon Petroleum<\/a> 5.29%. <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> announced consolidation and a dividend increase, so shares rose 1.5%. The U.S. 10-year yield actually declined to 3.287% as Bitcoin remained at $28,200.<\/p>\n<p>&#x2699; <a href=\"https:\/\/stockchase.com\/company\/view\/2488\/WSP-T\">WSP Global Inc. (WSP-T)<\/a> -6.84%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/6201\/EREUN-T\">European Residential REIT (ERE.UN-T)<\/a> +3.73%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/5280\/HBM-N\">Hudbay Minerals Inc (HBM-N)<\/a> +4.46%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei Corp (NVEI-T)<\/a> -4.48%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">Toronto Dominion (TD) (TD-T)<\/a> -2.46%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth Group Inc (UNH-N)<\/a> +3.5%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Inc (TSLA-Q)<\/a> -3.35%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> -3.42%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4541\/MPC-N\">Marathon Petroleum (MPC-N)<\/a> +5.29%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx (FDX-N)<\/a> +1.5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday saw markets in Toronto and New York drift generally lower, lacking a galvanizing catalyst. The TSX stayed above 20,000 but closed -0.57%, dragged down by tech and industrials while telcos rallied. Big movers were WSP Global at -6.84% after [&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-319750","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\/319750","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=319750"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/319750\/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=319750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=319750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=319750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}