{"id":325829,"date":"2023-05-24T17:13:42","date_gmt":"2023-05-24T21:13:42","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=325829"},"modified":"2023-05-25T10:14:16","modified_gmt":"2023-05-25T14:14:16","slug":"banks-drag-down-tsx","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/banks-drag-down-tsx\/","title":{"rendered":"Banks drag down TSX"},"content":{"rendered":"<p>On Wednesday, the first bank reports dragged down the TSX, which closed more than 1% lower and fell below 20,000. BMO reported a serious miss and sank 3.91%. Financials as well as materials and industrials led most sectors down with consumers staples being the only sector enjoying any real gains.<\/p>\n<p>Other major movers were <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> at -2.23%, <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> up 1.79% as a rare bright spot and <a href=\"https:\/\/stockchase.com\/company\/view\/6538\/DND-T\">Dye &amp; Durham<\/a> sliding 8.11%.<\/p>\n<p>On Wall Street, ongoing squabbling in Washington to resolve the lingering debt ceiling crisis continued to wear on American markets. The S&amp;P finished -0.73%, the Nasdaq -0.61%, and the Dow -0.77% to tumble below 32,800. All sectors except energy finished int he red as WTI spiked 1.3% to nearly $74 a barrel. Notable movers were <a href=\"https:\/\/stockchase.com\/company\/view\/23\/ADI-Q\">Analog Devices<\/a> sinking 7.83% after reporting a miss, <a href=\"https:\/\/stockchase.com\/company\/view\/4340\/PANW-N\">Palo Alto<\/a> surging 7.68% after a strong beat, <a href=\"https:\/\/stockchase.com\/company\/view\/638\/INTU-Q\">Intuit<\/a> falling 7.53%, and <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix<\/a> gaining 2.47%. Nvidia reported after the bell and shares soared after hours. The U.S. 10-year yield was 3.734%, and <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slid 3.5% to $26,200.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial (MFC-T)<\/a> -2.23%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +1.79%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6538\/DND-T\">Dye &amp; Durham (DND-T)<\/a> -8.11%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/23\/ADI-Q\">Analog Devices (ADI-Q)<\/a> -7.83%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/4340\/PANW-N\">Palo Alto Networks (PANW-N)<\/a> +7.68%<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/638\/INTU-Q\">Intuit Inc. (INTU-Q)<\/a> -7.53%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix Inc. (NFLX-Q)<\/a> +2.47%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, the first bank reports dragged down the TSX, which closed more than 1% lower and fell below 20,000. BMO reported a serious miss and sank 3.91%. Financials as well as materials and industrials led most sectors down with [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","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-325829","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\/325829","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=325829"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/325829\/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=325829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=325829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=325829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}