{"id":336716,"date":"2023-08-22T17:55:31","date_gmt":"2023-08-22T21:55:31","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=336716"},"modified":"2023-08-22T17:55:31","modified_gmt":"2023-08-22T21:55:31","slug":"stocks-extend-summer-slump","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-extend-summer-slump\/","title":{"rendered":"Stocks extend summer slump"},"content":{"rendered":"<p>Tuesday saw typically light late-summer trading, but also typical August weakness as the major indices continued to fade. There were few dramatic moves, but the TSX surrendered 0.47% to stay well below 20,000. Materials were the only sector to show any convincing strength while staples and financials lagged the most.<\/p>\n<p>The insurers had a rough session as <a href=\"https:\/\/stockchase.com\/company\/view\/550\/GWO-T\">Great-West Lifeco<\/a> closed -1.64% in heavy trading, followed by <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> at -1.73%. Utilities showed some life with <a href=\"https:\/\/stockchase.com\/company\/view\/876\/NPI-T\">Northland Power<\/a> surging 3.24%. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/269\/CLS-T\">Celestica<\/a> closed 3.78% and <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> -3.69%. WTI oil declined 0.45% but stayed above $80 a barrel.<\/p>\n<p>On Wall Street, it was a similar story as the S&amp;P closed -0.28% to tick below 4,400, the Nasdaq shed eight points to remain flat, while the Dow added sank 0.51%. The U.S. 10-year yield hovered around 4.33%. Major movers included <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> at -2.77%, <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America<\/a> -2.44%, <a href=\"https:\/\/stockchase.com\/company\/view\/5213\/HAS-Q\">Hasbro<\/a> soaring 7.05%, <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> 4.65% and <a href=\"https:\/\/stockchase.com\/company\/view\/1578\/BBY-N\">Best Buy<\/a> -5.9%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> declined 1.1% to $25,800.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/550\/GWO-T\">Great West Lifeco (GWO-T)<\/a> -1.64%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial (MFC-T)<\/a> -1.73%<br \/>\n&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/876\/NPI-T\">Northland Power Inc (NPI-T)<\/a> +3.24%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/269\/CLS-T\">Celestica Inc (CLS-T)<\/a> +3.78%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed Commerce Inc (LSPD-T)<\/a> -3.69%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">NVIDIA Corporation (NVDA-Q)<\/a> -2.77%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America (BAC-N)<\/a> -2.44%<br \/>\n&#x1f9e9; <a href=\"https:\/\/stockchase.com\/company\/view\/5213\/HAS-Q\">Hasbro Inc (HAS-Q)<\/a> +7.05%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna (MRNA-Q)<\/a> +4.65%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/1578\/BBY-N\">Best Buy Company Inc (BBY-N)<\/a> -5.9%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.1%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday saw typically light late-summer trading, but also typical August weakness as the major indices continued to fade. There were few dramatic moves, but the TSX surrendered 0.47% to stay well below 20,000. Materials were the only sector to show [&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-336716","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\/336716","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=336716"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/336716\/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=336716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=336716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=336716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}