{"id":340084,"date":"2023-10-27T15:09:09","date_gmt":"2023-10-27T19:09:09","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340084"},"modified":"2023-10-27T15:15:33","modified_gmt":"2023-10-27T19:15:33","slug":"tech-earnings-lead-market-decline","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-earnings-lead-market-decline\/","title":{"rendered":"Tech earnings lead market decline"},"content":{"rendered":"\n

Thursday saw another session of red flashing across traders’ screens as earnings season ground on. Meta<\/a> grabbed headlines with a top and bottom line beat, but a conservative Q4 forecast triggered shares to decline by -3.73%. Meanwhile, Hasbro<\/a> sank -11.65% on a similar outlook, Align Technology<\/a> plunged nearly -25% and Whirlpool<\/a> slid -15.83% though Newmont<\/a> gained about 2% as the most-traded stock. The S&P closed -1.18%, the Nasdaq -1.76%, and the Dow -0.76% to fall below 33,000. The U.S. 10-year yield edged down to 4.842% as Bitcoin<\/a> slipped 1% to $34,100.<\/p>\n\n\n\n

The TSX fared better, losing only 0.38%. Sectors were mostly negative, led by industrials and tech, but financials and utilities bounced back after recent losses. Key movers were Celestica<\/a> at -10.27%, Whitecap Resources<\/a> -4.72%, StorageVault<\/a> leapt 11.79%, Allied Properties REIT<\/a> popped 6.82% and Stelco<\/a> rallied 5.02%. WTI declined over 2% to $83.50 a barrel.<\/p>\n\n\n\n

Meta<\/a> (META-Q) -3.73%<\/p>\n\n\n\n

Hasbro<\/a> (HAS-Q) -11.65%<\/p>\n\n\n\n

Align Technology<\/a> (ALGN-Q) -25%<\/p>\n\n\n\n

Whirlpool<\/a> (WHR-N) -15.83%<\/p>\n\n\n\n

Newmont<\/a> (NGT-T) +2%<\/p>\n\n\n\n

Bitcoin<\/a> (BTC) -1%<\/p>\n\n\n\n

Celestica<\/a> (CLS-T) -10.27%<\/p>\n\n\n\n

Whitecap Resources<\/a> (WCP-T) -4.72%<\/p>\n\n\n\n

StorageVault<\/a> (SVI-T) +11.79%<\/p>\n\n\n\n

Allied Properties REIT<\/a> (AP.UN-T) +6.82%<\/p>\n\n\n\n

Stelco<\/a> (STLC-T) +5.02%<\/p>\n","protected":false},"excerpt":{"rendered":"

Thursday saw another session of red flashing across traders’ screens as earnings season ground on. Meta grabbed headlines with a top and bottom line beat, but a conservative Q4 forecast triggered shares to decline by -3.73%. Meanwhile, Hasbro sank -11.65% […]<\/p>\n","protected":false},"author":12,"featured_media":170380,"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-340084","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\/340084","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=340084"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/170380"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=340084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}