{"id":340023,"date":"2023-10-23T17:13:01","date_gmt":"2023-10-23T21:13:01","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340023"},"modified":"2023-10-23T17:13:07","modified_gmt":"2023-10-23T21:13:07","slug":"yields-and-stocks-weak-bitcoin-strong","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/yields-and-stocks-weak-bitcoin-strong\/","title":{"rendered":"Yields and stocks weak, Bitcoin strong"},"content":{"rendered":"\n<p>The trading weak began on a weak note with markets see-sawing throughout Monday before ending mostly in the red. The TSX closed -0.29%, but stayed above 19,000 as most sectors were actually positive, but offset by sell-offs in energy and materials. Utilities and staples fared the best. <\/p>\n\n\n\n<p>With WTI slipping 2.3% to $86 a barrel, many energy stocks lost ground, including <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> at -1.33% and <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">CNQ<\/a> at -1.34%. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/525\/BEPUN-T\">Brookfield Renewable Partner<\/a> rallied 3.64%, <a href=\"https:\/\/stockchase.com\/company\/view\/447\/ENGH-T\">Enghouse<\/a> 3.28% and <a href=\"https:\/\/stockchase.com\/company\/view\/782\/MFI-T\">Maple Leaf Foods<\/a> 2.39%.<\/p>\n\n\n\n<p>In New York, the Dow continued to decline, down 0.58% on Monday, to fall below 33,000 while the S%P slipped 0.17%. However, the Nasdaq rose 0.27% ahead of megatech names reporting starting tomorrow. Key movers were <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> up 3.8%, <a href=\"https:\/\/stockchase.com\/company\/view\/785\/MGM-N\">MGM<\/a> 3.89%, <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America<\/a> -2.76%, <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> -2.85% and <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> up 3.37%. As in Toronto, energy was the weakest sector on Wall Street. Stocks were sluggish even with the U.S. 10-year yield ticking below 4.9%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> leapt 5.3% to $31,500.<\/p>\n\n\n\n<p><br>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc\u00a0(SU-T)<\/a> -1.33%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -1.34%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/525\/BEPUN-T\">Brookfield Renewable Energy\u00a0(BEP.UN-T)<\/a> +3.64%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/447\/ENGH-T\">Enghouse Systems\u00a0(ENGH-T)<\/a> +3.28%<\/p>\n\n\n\n<p>&#x1f96b; <a href=\"https:\/\/stockchase.com\/company\/view\/782\/MFI-T\">Maple Leaf Foods\u00a0(MFI-T)<\/a> +2.39%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +3.8%<\/p>\n\n\n\n<p>&#x2660; <a href=\"https:\/\/stockchase.com\/company\/view\/785\/MGM-N\">MGM Resorts International\u00a0(MGM-N)<\/a> +3.89%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America\u00a0(BAC-N)<\/a> -2.76%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel\u00a0(INTC-Q)<\/a> -2.85%<\/p>\n\n\n\n<p>&#x1f3e0; <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb\u00a0(ABNB-Q)<\/a> +3.37%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +5.3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading weak began on a weak note with markets see-sawing throughout Monday before ending mostly in the red. The TSX closed -0.29%, but stayed above 19,000 as most sectors were actually positive, but offset by sell-offs in energy and [&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-340023","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\/340023","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=340023"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340023\/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=340023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}