{"id":333472,"date":"2023-07-26T18:14:05","date_gmt":"2023-07-26T22:14:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=333472"},"modified":"2023-07-26T18:14:05","modified_gmt":"2023-07-26T22:14:05","slug":"fed-hikes-markets-flat","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/fed-hikes-markets-flat\/","title":{"rendered":"Fed hikes, markets flat"},"content":{"rendered":"<p>On Wednesday afternoon, the U.S. Fed raised interest rates by 25 basis points, which the market widely expected. Chair Jerome Powell&#8217;s comments didn&#8217;t move markets, which were flat overall. The Nasdaq surrendered 17 points, the S&amp;P didn&#8217;t budge though the Dow rose 0.23% to close above 35,500.<\/p>\n<p>Earnings continued to make waves as <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a> sank 4.06% after reporting a generally positive, but imperfect quarter. <a href=\"https:\/\/stockchase.com\/GOOG-Q\">Alphabet<\/a> (A class) rallied 5.73%, <a href=\"https:\/\/stockchase.com\/UNP-N\">Union Pacific<\/a> jumped 10.06% and <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> rose 8.5%. Meta reported a beat after hours and rallied. The U.S. 10-year yield held around 3.867% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> nudged up 0.6% to $29,400.<\/p>\n<p>Similarly, the TSX added 18 points and was essentially flat. Sectors were mixed as industrials and financials rose, but consumer staples plunged. Major movers included <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy<\/a> up 3.27%, <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray<\/a> soaring 15.91%, <a href=\"https:\/\/stockchase.com\/TECK.B-T\">Teck Resources<\/a> sliding 3.22% and <a href=\"https:\/\/stockchase.com\/WN-T\">Weston<\/a> shedding 2.66%. WTI crude slipped 0.8% to trade around $78.50.<\/p>\n<p>&#x24c2; <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft Corp (MSFT-Q)<\/a> -4.06%<br \/>\n&#x1f9ee; <a href=\"https:\/\/stockchase.com\/GOOG-Q\">Alphabet Inc (GOOG-Q)<\/a> +5.73%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/UNP-N\">Union Pacific Corp (UNP-N)<\/a> +10.06%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing (BA-N)<\/a> +8.5%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.6%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> +3.27%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +15.91%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/TECK.B-T\">Teck Resources Ltd. (B) (TECK.B-T)<\/a> -3.22%<br \/>\n&#x1f96b; <a href=\"https:\/\/stockchase.com\/WN-T\">George Weston Ltd. (WN-T)<\/a> -2.66%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday afternoon, the U.S. Fed raised interest rates by 25 basis points, which the market widely expected. Chair Jerome Powell&#8217;s comments didn&#8217;t move markets, which were flat overall. The Nasdaq surrendered 17 points, the S&amp;P didn&#8217;t budge though the [&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-333472","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\/333472","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=333472"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/333472\/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=333472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=333472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=333472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}