{"id":322953,"date":"2023-05-02T18:19:21","date_gmt":"2023-05-02T22:19:21","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=322953"},"modified":"2023-05-02T18:19:21","modified_gmt":"2023-05-02T22:19:21","slug":"fed-banking-and-recession-fears-pressure-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/fed-banking-and-recession-fears-pressure-markets\/","title":{"rendered":"Fed, banking and recession fears pressure markets"},"content":{"rendered":"<p>Worries over Wednesday&#8217;s U.S. Fed rate decision as well as ongoing anxiety over the American regional banks and fears of a recession pressured stocks on Wall Street. Both the Nasdaq and Dow closed -1.08%, and the S&amp;P -1.16%, though off the day&#8217;s lows. Most sectors were in the red.<\/p>\n<p>Notable movers were <a href=\"https:\/\/stockchase.com\/CHGG-N\">Chegg<\/a> which sank 48.41% after it reported, <a href=\"https:\/\/stockchase.com\/KEY-N\">Keycorp<\/a> at -9.42%, <a href=\"https:\/\/stockchase.com\/HAL-N\">Halliburton<\/a> -8.26% and <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> -3.03%. A rare bright spot was <a href=\"https:\/\/stockchase.com\/ETSY-Q\">Etsy<\/a>, rallying 3.03%. The U.S. 10-year yield was 3.431% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> rose 2.3% to $28,700.<\/p>\n<p>The TSX declined 1% with only three sectors gaining any ground. Materials jumped, but energy, financials and real estate lagged. <a href=\"https:\/\/stockchase.com\/QSR-T\">Restaurant Brands International<\/a> reported and climbed 2.18%. <a href=\"https:\/\/stockchase.com\/BB-T\">Blackberry<\/a> announced it would consider breaking up its businesses, and shares jumped 9.32%. <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> closed -4.79%, <a href=\"https:\/\/stockchase.com\/ATH-T\">Athabasca Oil<\/a> -7.58% and <a href=\"https:\/\/stockchase.com\/MEG-T\">Meg Energy<\/a> -6.3%. Meanwhile, WTI crude sank over 5% to below $72 a barrel.<\/p>\n<p>&#x1f4d9; <a href=\"https:\/\/stockchase.com\/CHGG-N\">Chegg (CHGG-N)<\/a> -48.41%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/KEY-N\">Keycorp (KEY-N)<\/a> -9.42%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/HAL-N\">Halliburton Co (HAL-N)<\/a> -8.26%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America (BAC-N)<\/a> -3.03%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/ETSY-Q\">Etsy Inc. (ETSY-Q)<\/a> +3.03%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +2.3%<br \/>\n&#x1f372; <a href=\"https:\/\/stockchase.com\/QSR-T\">Restaurant Brands International (QSR-T)<\/a> +2.18%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry (BB-T)<\/a> +9.32%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc (SU-T)<\/a> -4.79%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/ATH-T\">Athabasca Oil Sands Corp (ATH-T)<\/a> -7.58%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/MEG-T\">MEG Energy Corp (MEG-T)<\/a> -6.3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Worries over Wednesday&#8217;s U.S. Fed rate decision as well as ongoing anxiety over the American regional banks and fears of a recession pressured stocks on Wall Street. Both the Nasdaq and Dow closed -1.08%, and the S&amp;P -1.16%, though off [&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-322953","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\/322953","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=322953"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/322953\/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=322953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=322953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=322953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}