{"id":337026,"date":"2023-08-24T17:22:49","date_gmt":"2023-08-24T21:22:49","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=337026"},"modified":"2023-08-24T17:22:49","modified_gmt":"2023-08-24T21:22:49","slug":"markets-sink-despite-nvidia-beat","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-sink-despite-nvidia-beat\/","title":{"rendered":"Markets sink despite Nvidia beat"},"content":{"rendered":"

AI leader Nvidia<\/a> reported a blow-out quarter late Wednesday, but a bearish market limited its Thursday gains to only 0.59%. Markets continued to their August sell-off with Wall Street waiting for U.S. Fed’s Jerome Powell’s Jackson Hole speech on Friday. Stocks sold off in the close, pressured further by Boeing reporting new flaws in its beleaguered 737 Max.<\/p>\n

Boeing<\/a> shares sank 4.74% while the S&P closed -1.35%, the Nasdaq -1.87% down to the 13,500 level, and the Dow -1.08%. Other key movers were Nvidia rivals AMD<\/a> at -7.37% and Intel<\/a> -4.33%. Dollar Tree<\/a> reported a mixed quarter and outlook, and its shares plunged 12.58%. The U.S. 10-year yield hovered around 4.239% as Bitcoin<\/a> declined 1.6% to $26,000<\/p>\n

The TSX fared relatively better but still shed 0.41% to close just below 19,800. Only staples and telcos gained while industrials, tech and energy led the laggards. Canadian banks began reporting, but results were mixed. Royal<\/a> rallied 1.96%, but TD<\/a> slid 3.23%. Elsewhere, BCE<\/a> rose 2.44%, but Dye & Durham<\/a> fell 4.93%. WTI oil remained flat at $79.<\/p>\n

💾 NVIDIA Corporation (NVDA-Q)<\/a> +0.59%
\n🛫 Boeing (BA-N)<\/a> -4.74%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -7.37%
\n💾 Intel (INTC-Q)<\/a> -4.33%
\n🛒 Dollar Tree (DLTR-Q)<\/a> -12.58%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.6%
\n🏛 Royal Bank (RY-T)<\/a> -1.96%
\n🏛 Toronto Dominion (TD) (TD-T)<\/a> -3.23%
\n📱 BCE Inc. (BCE-T)<\/a> +2.44%
\n💾 Dye & Durham (DND-T)<\/a> -4.93%<\/p>\n","protected":false},"excerpt":{"rendered":"

AI leader Nvidia reported a blow-out quarter late Wednesday, but a bearish market limited its Thursday gains to only 0.59%. Markets continued to their August sell-off with Wall Street waiting for U.S. Fed’s Jerome Powell’s Jackson Hole speech on Friday. […]<\/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-337026","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\/337026","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=337026"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/337026\/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=337026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=337026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=337026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}