{"id":337771,"date":"2023-08-31T17:58:33","date_gmt":"2023-08-31T21:58:33","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=337771"},"modified":"2023-08-31T17:58:33","modified_gmt":"2023-08-31T21:58:33","slug":"stocks-edge-down-pausing-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-edge-down-pausing-rally\/","title":{"rendered":"Stocks edge down, pausing rally"},"content":{"rendered":"<p>Thursday&#8217;s session saw this week&#8217;s winning streak end or at least pause in Toronto and New York. The TSX shed 0.19% to close below 20,300. Most sectors were down, led by staples, industrials and real estate, but tech rallied. A key name was Shopify which announced a partnership with Amazon.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">SHOP-T<\/a> soared 10.69% while <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> gained 2.19%. Elsewhere on Bay Street, <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> jumped 10.86%, but <a href=\"https:\/\/stockchase.com\/company\/view\/967\/PKI-T\">Parkland<\/a> closed -4.49%, <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> -1.19% and <a href=\"https:\/\/stockchase.com\/company\/view\/278\/CM-T\">CIBC<\/a> -3.22% as another Canadian bank reported a lackluster quarter. WTI, however, rose $1 a barrel to $83.50. The TSX lost 1.71% in August.<\/p>\n<p>On Wall Street, the S&amp;P closed -0.07% but stayed above 4,500, the Nasdaq 0.17% to remain above 14,000, and the Dow -0.42%. The major indices shed 1.5-1.75% during August. Thursday volumes were typically late-summer low. Notably, <a href=\"https:\/\/stockchase.com\/company\/view\/3661\/DG-N\">Dollar General<\/a> tanked 12.16% after it cut full-year guidance, but tech caught a bid as <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> added 2.06%, <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate<\/a> 3.84% and <a href=\"https:\/\/stockchase.com\/company\/view\/21\/ADBE-Q\">Adobe<\/a> 2.56% which made a new 52-week high. The U.S. 10-year yield ticked down to 4.104% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slid 4.3% to $26,100. The backdrop for all this activity was the latest core PCE read, up a modest 0.2% in July.<\/p>\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +10.69%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com, Inc. (AMZN-Q)<\/a> +2.19%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +10.86%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/company\/view\/967\/PKI-T\">Parkland Fuel Corp (PKI-T)<\/a> -4.49%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc (SU-T)<\/a> -1.19%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/278\/CM-T\">Canadian Imperial Bank of Commerce (CIBC) (CM-T)<\/a> -3.22%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/3661\/DG-N\">Dollar General Corp. (DG-N)<\/a> -12.16%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> +2.06%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1408\/STX-Q\">Seagate Technology (STX-Q)<\/a> +3.84%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/21\/ADBE-Q\">Adobe Systems (ADBE-Q)<\/a> +2.56%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -4.3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday&#8217;s session saw this week&#8217;s winning streak end or at least pause in Toronto and New York. The TSX shed 0.19% to close below 20,300. Most sectors were down, led by staples, industrials and real estate, but tech rallied. A [&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-337771","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\/337771","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=337771"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/337771\/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=337771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=337771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=337771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}