U.S. jobless claims came in lower than expected while the Bank of Canada said Thursday that it will keep the door open to another interest rate. This led to continued market weakness on both sides of the border Thursday as investors felt nervous about rising interest rates. In contrast, the market over the summer had expected central banks to hold rates for the rest of the year. The S&P closed -0.32% higher, the Nasdaq -0.89%, and the Dow added 0.17% to finish at 34,500. <\/p>\n\n\n\n
Semis had a particular rough session with Seagate<\/a> sliding 10.94% and AMD<\/a> shed 2.46%. Apple<\/a> lost another 2.92% as reports surfaced that China will broaden its ban on iPhone use in state companies. However, Amazon<\/a> rallied 2.49%. The U.S. 10-year yield held around 4.25% while Bitcoin<\/a> added 0.6% to nearly top $26,000.<\/p>\n\n\n\n The TSX sank 0.47% as the Bank of Canada’s Tiff Macklem said it may need to raise interest rates again at some point if inflation persists. Only utilities and healthcare gained. Staples, discretionary and materials led the sell-off. Notably, TD<\/a> closed -1.19%, Shopify<\/a> -1.29%, BlackBerry<\/a> -16.29% and Transcontinental<\/a> -5.75%. Storagevault<\/a>, though, bucked the trend by rallying 3.37%. After a strong rise in recent weeks, WTI oil gave back 0.75% to fall below $87 a barrel.<\/p>\n\n\n\n 💾 Seagate Technology (STX-Q)<\/a> -10.94%<\/p>\n\n\n\n 💾 Advanced Micro Devices (AMD-Q)<\/a> -2.46%<\/p>\n\n\n\n 🍎 Apple Inc (AAPL-Q)<\/a> -2.92%<\/p>\n\n\n\n 📦 Amazon.com, Inc. (AMZN-Q)<\/a> +2.49%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.6%<\/p>\n\n\n\n 🏛 Toronto Dominion (TD-T)<\/a> -1.19%<\/p>\n\n\n\n 🛍 Shopify Inc. (SHOP-T)<\/a> -1.29%<\/p>\n\n\n\n 📱 BlackBerry (BB-T)<\/a> -16.29%<\/p>\n\n\n\n 🖨 Transcontinental Inc. (A) (TCL.A-T)<\/a> -5.75%<\/p>\n\n\n\n