{"id":339715,"date":"2023-10-02T17:52:55","date_gmt":"2023-10-02T21:52:55","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=339715"},"modified":"2023-10-02T17:52:59","modified_gmt":"2023-10-02T21:52:59","slug":"weak-commodity-prices-drag-down-tsx","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/weak-commodity-prices-drag-down-tsx\/","title":{"rendered":"Weak commodity prices drag down TSX"},"content":{"rendered":"\n<p>Q4 began on a weak note for the TSX, which sank 1.86% to below 19,200 as oil and gold prices headed south. WTI crude slid 2% to below $89 a barrel while an ounce of gold declined 1.1% to $1,830. Only staples rallied on Bay Street with several sectors sliding significantly, including energy, financials, utilities and materials. <\/p>\n\n\n\n<p>The most-traded name was <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> which closed Monday -1.74%. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex<\/a> finished -6.18%, <a href=\"https:\/\/stockchase.com\/company\/view\/616\/INE-T\">Innergex Renewables<\/a> -7.77%, <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals<\/a> -7.72%, though <a href=\"https:\/\/stockchase.com\/company\/view\/6538\/DND-T\">Dye &amp; Durham<\/a> rallied 3.09%.<\/p>\n\n\n\n<p>Not helping the TSX were U.S. yields, which continued to climb. The U.S. 10-year yield touched 4.687%. The S&amp;P was flat, the Nasdaq added 0.67% and the Dow -0.22%. Key names included <a href=\"https:\/\/stockchase.com\/company\/view\/1635\/NEE-N\">Nextera Energy<\/a> at -8.97%, <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America<\/a> -2.48%, <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> up 2.95%, <a href=\"https:\/\/stockchase.com\/company\/view\/1833\/GOOG-Q\">Alphabet<\/a> (A class) 2.53% and <a href=\"https:\/\/stockchase.com\/company\/view\/7487\/DXC-N\">DXC Technology<\/a> at 1.54% as the most-traded name. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> declined 0.55% to $27,800.<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">Toronto Dominion\u00a0(TD-T)<\/a> -1.74%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1424\/BTE-T\">Baytex Energy Corp\u00a0(BTE-T)<\/a> -6.18%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/616\/INE-T\">Innergex Renewable Energy\u00a0(INE-T)<\/a> -7.77%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals\u00a0(HBM-T)<\/a> -7.72%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6538\/DND-T\">Dye &amp; Durham\u00a0(DND-T)<\/a> +3.09%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/1635\/NEE-N\">NextEra Energy\u00a0(NEE-N)<\/a> -8.97%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America\u00a0(BAC-N)<\/a> -2.48%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +2.95%<\/p>\n\n\n\n<p>&#x1f9ee; <a href=\"https:\/\/stockchase.com\/company\/view\/1833\/GOOG-Q\">Alphabet Inc\u00a0(GOOG-Q)<\/a> +2.53%<\/p>\n\n\n\n<p>&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/7487\/DXC-N\">DXC Technolgy Company\u00a0(DXC-N)<\/a> +1.54%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.55%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q4 began on a weak note for the TSX, which sank 1.86% to below 19,200 as oil and gold prices headed south. WTI crude slid 2% to below $89 a barrel while an ounce of gold declined 1.1% to $1,830. [&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-339715","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\/339715","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=339715"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/339715\/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=339715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=339715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=339715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}