Amid a backdrop of rising yields, markets sank on Wednesday as key earnings and guidance disappointed. <\/p>\n\n\n\n
Most notably, Palo Alto<\/a> reported and the street sold off the leading cybersecurity stock by nearly -28%. In turn, peers also sank, such as Fortinet<\/a> which sank 4.46%. Elsewhere, Intel<\/a> closed -2.56%, Garmin<\/a> jumped 8.59% and Nvidia<\/a> slipped 3.19% ahead of earnings after the closing bell. The S&P closed -0.09% higher, the Nasdaq -0.52%, and the Dow -0.13%. The U.S. 10-year yield continued to edge up, around 4.391%, while Bitcoin<\/a> sank 2.25% to nearly $51,100.<\/p>\n\n\n\n On Bay Street, a 1.25% rise in WTI to $78 helped limit the TSX’s losses to 0.3% or 64 points. Energy was among only three sectors to rally, while tech, financials and materials led the rest of the index downward. Manulife<\/a> closed -1.76% as the most-traded name. Suncor<\/a> rallied 2.79% and CNQ<\/a> 7.89%. Meanwhile, Iamgold<\/a> finished -8.65% and Wheaton Precious Metals<\/a> -8%.<\/p>\n\n\n\n 💾 Palo Alto Networks\u00a0(PANW-N)<\/a> -28%<\/p>\n\n\n\n 💾 Fortinet Inc\u00a0(FTNT-Q)<\/a> -4.46%<\/p>\n\n\n\n 💻 Intel\u00a0(INTC-Q)<\/a> -2.56%<\/p>\n\n\n\n 🧬 Garmin Limited\u00a0(GRMN-Q)<\/a> +8.59%<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -3.19%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -2.25%<\/p>\n\n\n\n 🏛 Manulife Financial\u00a0(MFC-T)<\/a> -1.76%<\/p>\n\n\n\n 🛢 Suncor Energy Inc\u00a0(SU-T)<\/a> +2.79%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> +7.89%<\/p>\n\n\n\n