{"id":327154,"date":"2023-06-05T18:14:25","date_gmt":"2023-06-05T22:14:25","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=327154"},"modified":"2023-06-05T21:35:11","modified_gmt":"2023-06-06T01:35:11","slug":"lacklustre-stocks-despite-apple-and-opec","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/lacklustre-stocks-despite-apple-and-opec\/","title":{"rendered":"Lacklustre stocks despite Apple and OPEC"},"content":{"rendered":"<p>The trading week began with stocks flat or edging down, despite Apple hitting fresh highs and OPEC suddenly cutting oil production. The TSX returned below 20,000 after it slipped 0.46% with tech being the only sector gaining on Monday. Consumer staples and financials led the laggards.<\/p>\n<p>Big movers were <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">CNQ<\/a> at -1.06%, <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy<\/a> adding 1%, <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy<\/a> at -7.8% after falling from the S&amp;P\/TSX 60, and <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources<\/a> at -4.43%. Over the weekend, OPEC surprised the market by announcing a production cut in crude oil, but the price of WTI was unmoved and didn&#8217;t trade above $72.<\/p>\n<p>Apple unveiled a new mixed-reality headset Monday. While shares hit new highs during the session, <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> stock actually sank 0.8% by the close. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> closed -4.65%, <a href=\"https:\/\/stockchase.com\/company\/view\/800\/MMM-N\">3M<\/a> -4.48% and <a href=\"https:\/\/stockchase.com\/company\/view\/3661\/DG-N\">Dollar General<\/a> -4.38%, but <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford<\/a> advanced 1.65%. The U.S. 10-year yield held at 3.6% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slid over 5% to hover around $25,600. The Nasdaq was flat, the S&amp;P -0.16% and the Dow -0.55%.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">Canadian Natural Rsrcs (CNQ-T)<\/a> -1.06%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> +1%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> -7.8%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources Ltd. (B) (TECK.B-T)<\/a> -4.43%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> -0.8%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> -4.65%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/800\/MMM-N\">3M Co. (MMM-N)<\/a> -4.48%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/3661\/DG-N\">Dollar General Corp. (DG-N)<\/a> -4.38%<br \/>\n&#x1f698; <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford Motor (F-N)<\/a> +1.65%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading week began with stocks flat or edging down, despite Apple hitting fresh highs and OPEC suddenly cutting oil production. The TSX returned below 20,000 after it slipped 0.46% with tech being the only sector gaining on Monday. Consumer [&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-327154","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\/327154","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=327154"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/327154\/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=327154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=327154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=327154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}