{"id":341358,"date":"2024-04-25T17:24:05","date_gmt":"2024-04-25T21:24:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341358"},"modified":"2024-04-25T17:24:09","modified_gmt":"2024-04-25T21:24:09","slug":"u-s-inflation-hot-gdp-cool-wall-street-down-tsx-flat","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-inflation-hot-gdp-cool-wall-street-down-tsx-flat\/","title":{"rendered":"U.S inflation hot, GDP cool, Wall Street down, TSX flat"},"content":{"rendered":"\n

As megatech earnings marched on, the latest U.S. GDP number came in weaker than expected while inflation was higher. Add to this a disappointing report from Meta<\/a> (-10.57% for the session) and Wall Street saw a broad sell-off on Thursday, though it eased into the close. When the dust settled, the S&P finished the day -0.45%, the Nasdaq -0.63% and the Dow -0.98%. However, the U.S. 10-year yield spiked to 4.7%. <\/p>\n\n\n\n

Other major movers were Newmont<\/a> popping 12.46%, Bristol Myers<\/a> at -8.51%, IBM<\/a> -8.25% and Caterpillar<\/a> -7.02%. After the bell, Alphabet and Microsoft reported and both rallied sharply. Bitcoin<\/a> added 0.5% to US$64,560.<\/p>\n\n\n\n

In contrast, the TSX was flat, adding 16 points, though most sectors declined. Materials and energy performed the best, while tech and real estate fell the most. Notable names: Teck Resources<\/a> 8.71%, Bank of Nova Scotia<\/a> -1.51%, Mullen Group<\/a> -9.08%, Bombardier<\/a> 8.32% and StorageVault<\/a> -6.11%. WTI added $1 to US$83.80 while gold edged up to US $2,333.<\/p>\n\n\n\n

🕵️‍♂️ Meta Platforms Inc \/ Facebook\u00a0(META-Q)<\/a> -10.57%<\/p>\n\n\n\n

🥇 Newmont Goldcorp\u00a0(NGT-T)<\/a> +12.46%<\/p>\n\n\n\n

🧫 Bristol Myers Squibb\u00a0(BMY-N)<\/a> -8.51%<\/p>\n\n\n\n

💾 IBM Common Stock\u00a0(IBM-N)<\/a> -8.25%<\/p>\n\n\n\n

⚙ Caterpillar\u00a0(CAT-N)<\/a> -7.02%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +0.5%<\/p>\n\n\n\n

⛏ Teck Resources Ltd. (B)\u00a0(TECK.B-T)<\/a> +8.71%<\/p>\n\n\n\n

🏛 Bank of Nova Scotia\u00a0(BNS-T)<\/a> -1.51%<\/p>\n\n\n\n

🚚 Mullen Group Ltd\u00a0(MTL-T)<\/a> -9.08%<\/p>\n\n\n\n

💣 Bombardier Inc (B)\u00a0(BBD.B-T)<\/a> +8.32%<\/p>\n\n\n\n

🚚 StorageVault Canada\u00a0(SVI-T)<\/a> -6.11%<\/p>\n","protected":false},"excerpt":{"rendered":"

As megatech earnings marched on, the latest U.S. GDP number came in weaker than expected while inflation was higher. Add to this a disappointing report from Meta (-10.57% for the session) and Wall Street saw a broad sell-off on Thursday, […]<\/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-341358","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\/341358","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=341358"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341358\/revisions"}],"predecessor-version":[{"id":341362,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341358\/revisions\/341362"}],"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=341358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}