Bearish sentiment crept into markets Tuesday despite several earnings beats in New York and Toronto. The TSX closed -1.13% with all sectors down except utilities. In particular, industrials, financials and staples sold off.<\/p>\n
CN Rail<\/a> reported a strong quarter, but also a cloudy outlook that warned of recession, so its shares sank 3.95%. Meanwhile, Manulife<\/a> closed -1.56% amid heavy trading, Royal Bank<\/a> -1.28% and Cenovus<\/a> -4.14%. Energy was weak as WTI crude declined $2 to $77 a barrel.<\/p>\n On Wall Street, McDonald’s reported a beat, but still shed 0.58%. Banking worries returned. First Republic Bank<\/a> tanked by nearly 50%. Amazon<\/a> finished -3.43% though Pepsi<\/a> popped 2.27%. Microsoft<\/a> slid 2.25% and Google<\/a> shed 2% during the session, but both soared after hours on impressive earnings. The S&P closed -1.58% but stayed above 4,000, the Nasdaq -1.98% to fall below 12,000, and the Dow -1.02%. The U.S. 10-year yield declined to 3.39% while Bitcoin<\/a> rose 1.5% to nearly $28,000.<\/p>\n 🚂 Canadian National R.R. (CNR-T)<\/a> -3.95% Bearish sentiment crept into markets Tuesday despite several earnings beats in New York and Toronto. The TSX closed -1.13% with all sectors down except utilities. In particular, industrials, financials and staples sold off. CN Rail reported a strong quarter, but […]<\/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-322047","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\/322047","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=322047"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/322047\/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=322047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=322047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=322047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🏛 Manulife Financial (MFC-T)<\/a> -1.56%
\n🏛 Royal Bank (RY-T)<\/a> -1.28%
\n🛢 Cenovus Energy (CVE-T)<\/a> -4.14%
\n🏛 First Republic Bank (FRC-N)<\/a> -50%
\n📦 Amazon.com, Inc. (AMZN-Q)<\/a> -3.43%
\n🥤 PepsiCo (PEP-Q)<\/a> +2.27%
\nⓂ Microsoft Corp (MSFT-Q)<\/a> -2.25%
\n🧮 Alphabet Inc (GOOG-Q)<\/a> -2%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1.5%<\/p>\n","protected":false},"excerpt":{"rendered":"