{"id":339908,"date":"2023-10-12T18:18:27","date_gmt":"2023-10-12T22:18:27","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=339908"},"modified":"2023-10-12T18:19:05","modified_gmt":"2023-10-12T22:19:05","slug":"u-s-inflation-data-dampens-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-inflation-data-dampens-markets\/","title":{"rendered":"U.S. inflation data dampens markets"},"content":{"rendered":"\n<p>The latest CPI data landed on Wall Street Thursday. Indices in New York actually rose in the early going, but fell in the end, while the TSX was in the red for the entire session. Consumer inflation numbers came in slightly higher than expected, but were enough to trigger investor jitters of the Fed raising rates next month. The S&amp;P closed -0.62%, the Nasdaq -0.63%, and the Dow -0.51%. <\/p>\n\n\n\n<p>Notable names included <a href=\"https:\/\/stockchase.com\/ADBE-Q\">Adobe<\/a> adding 1.77%, <a href=\"https:\/\/stockchase.com\/WBA-Q\">Walgreens<\/a> spiking over 7%, but <a href=\"https:\/\/stockchase.com\/HRL-N\">Hormel Foods<\/a> finished -9.83%, <a href=\"https:\/\/stockchase.com\/F-N\">Ford<\/a> -2.04% and <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> -3.37%. The U.S. 10-year yield ticked up to 4.699% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> sank 0.55% to $26,700.<\/p>\n\n\n\n<p>Energy was a rare bright spot on Bay Street as nearly all sectors declined on the TSX, down 0.83% to 19,500. Utilities, materials and discretionary sold off hard. Major movers included <a href=\"https:\/\/stockchase.com\/TOY-T\">Spin Master<\/a> up 4.06%, <a href=\"https:\/\/stockchase.com\/LUN-T\">Lundin Mining<\/a> at -3.59%, <a href=\"https:\/\/stockchase.com\/CS-T\">Capstone Copper<\/a> -6.04%, <a href=\"https:\/\/stockchase.com\/AQN-T\">Algonquin Power<\/a> -2.59% and <a href=\"https:\/\/stockchase.com\/CURA-T\">Curaleaf<\/a> jumping 3.92%. WTI oil was flat at $83.50<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/ADBE-Q\">Adobe Systems\u00a0(ADBE-Q)<\/a> +1.77%<\/p>\n\n\n\n<p>&#x1f48a; <a href=\"https:\/\/stockchase.com\/WBA-Q\">Walgreen Boots Alliance\u00a0(WBA-Q)<\/a> +7%<\/p>\n\n\n\n<p>&#x1f375; <a href=\"https:\/\/stockchase.com\/HRL-N\">Hormel Foods Corp\u00a0(HRL-N)<\/a> -9.83%<\/p>\n\n\n\n<p>&#x1f698; <a href=\"https:\/\/stockchase.com\/F-N\">Ford Motor\u00a0(F-N)<\/a> -2.04%<\/p>\n\n\n\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group\u00a0(AAL-Q)<\/a> -3.37%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.55%<\/p>\n\n\n\n<p>&#x1f9f8; <a href=\"https:\/\/stockchase.com\/TOY-T\">Spin Master Corp\u00a0(TOY-T)<\/a> +4.06%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/LUN-T\">Lundin Mining Corp.\u00a0(LUN-T)<\/a> -3.59%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/CS-T\">Capstone Copper Corp\u00a0(CS-T)<\/a> -6.04%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/AQN-T\">Algonquin Power &amp; Utilities Corp\u00a0(AQN-T)<\/a> -2.59%<\/p>\n\n\n\n<p>&#x1f33f; <a href=\"https:\/\/stockchase.com\/CURA-T\">Curaleaf Holdings Inc\u00a0(CURA-CSE)<\/a> +3.92%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest CPI data landed on Wall Street Thursday. Indices in New York actually rose in the early going, but fell in the end, while the TSX was in the red for the entire session. Consumer inflation numbers came in [&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-339908","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\/339908","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=339908"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/339908\/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=339908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=339908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=339908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}