{"id":336275,"date":"2023-08-17T17:39:02","date_gmt":"2023-08-17T21:39:02","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=336275"},"modified":"2023-08-18T16:26:14","modified_gmt":"2023-08-18T20:26:14","slug":"yields-climbs-stocks-sink","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/yields-climbs-stocks-sink\/","title":{"rendered":"Yields climb, stocks sink"},"content":{"rendered":"<p>On Thursday, the U.S. 10-year yield continued to rise, touching 4.278% by the close, based on fears that the U.S. Fed will hike interest rates again. American markets sank across most sectors as the S&amp;P finished -0.77%, the Nasdaq -1.17%, and the Dow -0.84% to fall below 34,500. Volumes were typically summertime light.<\/p>\n<p>Key movers included <a href=\"https:\/\/stockchase.com\/company\/view\/336\/CVS-N\">CVS<\/a> at -8.14%, <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> as well as <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> -2.83%, <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> jumping 7.4% and <a href=\"https:\/\/stockchase.com\/company\/view\/321\/CSCO-Q\">Cisco<\/a> Systems up 3.34%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> wasn&#8217;t immune to the selling as it slid 3.7% to $27,600.<\/p>\n<p>The TSX fared slightly better, closing -0.44%, though energy was the only positive sector. Leading the laggards were tech, industrials and financials. Major movers in Toronto included <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> up 2.51%, <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources<\/a> at 3.89%, <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier<\/a> -6.66%, <a href=\"https:\/\/stockchase.com\/company\/view\/1006\/QBRB-T\">Quebecor<\/a> -3.94% and <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> -3.8%. One of the few areas enjoying gains was crude oil, advancing nearly 1% to $80 a barrel.<\/p>\n<p>&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/336\/CVS-N\">CVS Health Corp (CVS-N)<\/a> -8.14%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> -2.83%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Inc (TSLA-Q)<\/a> -2.83%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna (MRNA-Q)<\/a> +7.4%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/321\/CSCO-Q\">Cisco (CSCO-Q)<\/a> +3.34%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.7%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc (SU-T)<\/a> +2.51%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/1212\/TECKB-T\">Teck Resources Ltd. (B) (TECK.B-T)<\/a> +3.89%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/company\/view\/130\/BBDB-T\">Bombardier Inc (B) (BBD.B-T)<\/a> -6.66%<br \/>\n&#x1f5a8; <a href=\"https:\/\/stockchase.com\/company\/view\/1006\/QBRB-T\">Quebecor Inc (B) (QBR.B-T)<\/a> -3.94%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> -3.8%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, the U.S. 10-year yield continued to rise, touching 4.278% by the close, based on fears that the U.S. Fed will hike interest rates again. American markets sank across most sectors as the S&amp;P finished -0.77%, the Nasdaq -1.17%, [&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-336275","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\/336275","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=336275"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/336275\/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=336275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=336275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=336275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}