{"id":340931,"date":"2024-02-13T17:17:47","date_gmt":"2024-02-13T22:17:47","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340931"},"modified":"2024-02-13T17:17:51","modified_gmt":"2024-02-13T22:17:51","slug":"hot-inflation-data-triggers-sell-off","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/hot-inflation-data-triggers-sell-off\/","title":{"rendered":"Hot inflation data triggers sell-off"},"content":{"rendered":"\n<p>The recent rally ground to a halt Tuesday after January&#8217;s U.S. CPI print came in at 3.1% instead of the street&#8217;s forecast of 2.9%. Stocks sold off across the board in New York and Toronto, leaving the S&amp;P -1.37% and falling below 5,000, the Nasdaq -1.8%, and the Dow -1.37% just after making record highs. The U.S. 10-year yield jumped to 4.322%. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> traded the most hands and closed -2.15%. Other major movers: <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> -2.15%, <a href=\"https:\/\/stockchase.com\/company\/view\/3186\/MCO-N\">Moody&#8217;s<\/a> -7.94%, <a href=\"https:\/\/stockchase.com\/company\/view\/1720\/BIIB-Q\">Biogen<\/a> -7.39%, and <a href=\"https:\/\/stockchase.com\/company\/view\/1351\/WM-N\">Waste Management<\/a> which rallied 5.97% after reporting a beat. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> shed 0.5% to trade around $49,700.<\/p>\n\n\n\n<p>In Toronto, the TSX sank 2.29% to fall below 20,600. WTI climbed 1.1% to $77.77, but all sectors were down, led by materials, financials and staples. The most-traded name was <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> at -1.58%, followed by <a href=\"https:\/\/stockchase.com\/company\/view\/1765\/SSRM-T\">SSR Mining<\/a> which crashed by 53.52% after they halted operations following a landslide at their Turkish mine, <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> at -12.54% and <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold<\/a> -3.08%.<\/p>\n\n\n\n<p>&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com, Inc.\u00a0(AMZN-Q)<\/a> -2.15%<\/p>\n\n\n\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Inc\u00a0(TSLA-Q)<\/a> -2.15%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/3186\/MCO-N\">Moody&#8217;s Corp.\u00a0(MCO-N)<\/a> -7.94%<\/p>\n\n\n\n<p>&#x1f9eb; <a href=\"https:\/\/stockchase.com\/company\/view\/1720\/BIIB-Q\">Biogen IDEC Inc.\u00a0(BIIB-Q)<\/a> -7.39%<\/p>\n\n\n\n<p>&#x267b; <a href=\"https:\/\/stockchase.com\/company\/view\/1351\/WM-N\">Waste Management\u00a0(WM-N)<\/a> +5.97%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.5%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc\u00a0(SU-T)<\/a> -1.58%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/1765\/SSRM-T\">SSR Mining\u00a0(SSRM-T)<\/a> -53.52%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc.\u00a0(SHOP-T)<\/a> -12.54%<\/p>\n\n\n\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold\u00a0(ABX-T)<\/a> -3.08%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent rally ground to a halt Tuesday after January&#8217;s U.S. CPI print came in at 3.1% instead of the street&#8217;s forecast of 2.9%. Stocks sold off across the board in New York and Toronto, leaving the S&amp;P -1.37% 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-340931","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\/340931","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=340931"}],"version-history":[{"count":3,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340931\/revisions"}],"predecessor-version":[{"id":340934,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340931\/revisions\/340934"}],"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=340931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}