{"id":330801,"date":"2023-07-05T17:00:35","date_gmt":"2023-07-05T21:00:35","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=330801"},"modified":"2023-07-07T20:48:10","modified_gmt":"2023-07-08T00:48:10","slug":"modest-losses-after-fed-minutes","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/modest-losses-after-fed-minutes\/","title":{"rendered":"Modest losses after Fed minutes"},"content":{"rendered":"<p>Wall Street returned to business Wednesday. The major indices saw modest declines after the U.S. Fed released minutes of its last meeting in the mid-afternoon. Those minutes reflected the Fed unanimously agreeing to pause interest rates and to adopt a wait-and-see approach based on inflation. The S&amp;P closed -0.17%, the Nasdaq -0.16% and the Dow -0.37%.<\/p>\n<p>Tech was either up or down with chipmakers <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> finishing -1.63% and <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> -3.29% though <a href=\"https:\/\/stockchase.com\/META-Q\">Meta<\/a> surged 2.84% after announcing a new platform to rival Twitter. In contrast, travel names declined as <a href=\"https:\/\/stockchase.com\/LVS-N\">Las Vegas Sands<\/a> closed -5.48% and <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynne Resorts<\/a> -4.54%. The U.S. 10-year-yield climbed 2.25% to 3.945% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> retreated 1% below $30,500.<\/p>\n<p>Similarly, the TSX shed 0.49% as only three sectors, including telecommunications, enjoyed gains. Materials and tech were particularly weak. Key movers included <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> at -5.01%, <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray<\/a> -4.39%, <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy<\/a> -1.22% and the <a href=\"https:\/\/stockchase.com\/BNS-T\">Bank of Nova Scotia<\/a> -1.84%. <a href=\"https:\/\/stockchase.com\/ASTL-T\">Algoma Steel<\/a> was one of the few notable gainers, up 5.34%. WTI helped cushion the TSX&#8217;s losses by rallying 3% to $72 per barrel.<\/p>\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> -1.63%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel (INTC-Q)<\/a> -3.29%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/META-Q\">Meta Platforms Inc \/ Facebook (META-Q)<\/a> +2.84%<br \/>\n&#x2660; <a href=\"https:\/\/stockchase.com\/LVS-N\">Las Vegas Sands Corp. (LVS-N)<\/a> -5.48%<br \/>\n&#x2660; <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynne Resorts Ltd. (WYNN-Q)<\/a> -4.54%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry (BB-T)<\/a> -5.01%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> -4.39%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy (TRP-T)<\/a> -1.22%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BNS-T\">Bank of Nova Scotia (BNS-T)<\/a> -1.84%<br \/>\n&#x26d3; <a href=\"https:\/\/stockchase.com\/ASTL-T\">Algoma Steel Group Inc (ASTL-T)<\/a> +5.34%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street returned to business Wednesday. The major indices saw modest declines after the U.S. Fed released minutes of its last meeting in the mid-afternoon. Those minutes reflected the Fed unanimously agreeing to pause interest rates and to adopt a [&hellip;]<\/p>\n","protected":false},"author":9,"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-330801","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\/330801","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=330801"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/330801\/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=330801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=330801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=330801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}