{"id":340068,"date":"2023-10-25T18:03:25","date_gmt":"2023-10-25T22:03:25","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340068"},"modified":"2023-10-25T18:03:45","modified_gmt":"2023-10-25T22:03:45","slug":"weak-markets-mixed-tech-earnings","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/weak-markets-mixed-tech-earnings\/","title":{"rendered":"Weak markets, mixed tech earnings"},"content":{"rendered":"\n

Markets in Toronto and New York were weak on Wednesday as earnings season kicked off for megatech. Microsoft<\/a> delivered a convincing beat, so shares jumped 3.07%, but Alphabet<\/a>‘s quarter was mixed and its shares (class A) sank 9.51%. Meanwhile, Intel<\/a> closed -5.09%, Caesars Entertainment<\/a> -7.49% and Waste Management<\/a> popped 6.1%. The S&P closed -1.43%, the Nasdaq -2.43% to below 13,000, and the Dow -0.31% but stayed above 33,000. The U.S. 10-year yield ticked up to 4.961% while Bitcoin<\/a> continued to rally, adding 2.65% to nearly top $35,000.<\/p>\n\n\n\n

The TSX shed 0.2% to close below 18,900 as the Bank of Canada held its key lending rate. Most sectors were down, particularly real estate and tech, though staples and energy gained. <\/p>\n\n\n\n

Major movers were Shopify<\/a>, tanking nearly 7%, Dye & Durham<\/a> sliding 11.44%, but TC Energy<\/a> rose 1.41% and Fairfax Financial<\/a> advanced 2.59%. WTI crude recovered 1.85% to trade over $85 a barrel.<\/p>\n\n\n\n

Ⓜ Microsoft Corp\u00a0(MSFT-Q)<\/a> +3.07%<\/p>\n\n\n\n

🧮 Alphabet Inc\u00a0(GOOG-Q)<\/a> -9.51%<\/p>\n\n\n\n

💾 Intel\u00a0(INTC-Q)<\/a> -5.09%<\/p>\n\n\n\n

♠ Caesars Entertainment\u00a0(CZR-Q)<\/a> -7.49%<\/p>\n\n\n\n

♻ Waste Management\u00a0(WM-N)<\/a> -6.1%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +2.65%<\/p>\n\n\n\n

🛍 Shopify Inc.\u00a0(SHOP-T)<\/a> -7%<\/p>\n\n\n\n

💾 Dye & Durham\u00a0(DND-T)<\/a> -11.44%<\/p>\n\n\n\n

🛢 TC Energy\u00a0(TRP-T)<\/a> +1.41%<\/p>\n\n\n\n

🏛 Fairfax Financial\u00a0(FFH-T)<\/a> +2.59%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets in Toronto and New York were weak on Wednesday as earnings season kicked off for megatech. Microsoft delivered a convincing beat, so shares jumped 3.07%, but Alphabet‘s quarter was mixed and its shares (class A) sank 9.51%. Meanwhile, Intel […]<\/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-340068","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\/340068","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=340068"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340068\/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=340068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}