U.S. headline PCE came in at 0.6%, much higher than the expected 0.3%. Markets initially shrugged off the data, but slid for the rest of the day. The S&P closed -0.33%, the Nasdaq -0.39% and the Dow -0.44% to settle below 38,900. Meanwhile, the U.S. 10-year yield inched up to 4.29%. <\/p>\n\n\n\n
Tech bore the brunt of the selling: Tesla<\/a> -4.17%, AMD<\/a> -3.97% and AI leader Nvidia<\/a> -3.09%. However, Alphabet<\/a> was a rare gainer, up 2.44% (C class). Elsewhere, Lennar<\/a> sank 7.56%. Bitcoin<\/a> also declined, falling by 4% to $70,000.<\/p>\n\n\n\n The TSX retreated 0.83% with only energy rallying. Leading the sell-off were consumer staples, discretionary, financials and industrials. Enghouse<\/a> closed -6.89%, First Quantum Minerals<\/a> -5.38%, BCE<\/a> -4.42% and Jamieson Wellness<\/a> -11.69%. However, Suncor<\/a> climbed 1.88%. WTI crude topped $81 after rallying 1.75%.<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -4.17%<\/p>\n\n\n\n 💾 Advanced Micro Devices\u00a0(AMD-Q)<\/a> -3.97%<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -3.09%<\/p>\n\n\n\n 🧮 Alphabet Inc\u00a0(GOOG-Q)<\/a> +2.44%<\/p>\n\n\n\n 🧱 Lennar Corp.\u00a0(LEN-N)<\/a> -7.56%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -4%<\/p>\n\n\n\n 💻 Enghouse Systems\u00a0(ENGH-T)<\/a> -6.89%<\/p>\n\n\n\n ⛏ First Quantum Minerals\u00a0(FM-T)<\/a> -5.38%<\/p>\n\n\n\n 📱 BCE Inc.\u00a0(BCE-T)<\/a> -4.42%<\/p>\n\n\n\n