{"id":341874,"date":"2024-07-30T17:10:54","date_gmt":"2024-07-30T21:10:54","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341874"},"modified":"2024-07-30T17:10:58","modified_gmt":"2024-07-30T21:10:58","slug":"tech-sinks-pre-earnings-tsx-climbs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-sinks-pre-earnings-tsx-climbs\/","title":{"rendered":"Tech sinks pre-earnings, TSX climbs"},"content":{"rendered":"\n

AI tech stocks, which have led markets this year, continued to slide Tuesday ahead of key earnings. Nvidia<\/a> sank 7.13% in very active trading as the Nasdaq fell 1.24%. After the closing bell, Microsoft<\/a> reported and tumbled more than 6%. Meanwhile, the S&P closed -0.36% though the Dow added 0.5% as investors continued to rotate into value. Other key movers: Stanley Black & Decker<\/a> 9.81%, PayPal<\/a> 8.61%, Merck<\/a> -9.77% and CrowdStrike<\/a> -9.72% after Delta prepares to sue it for causing the massive IT outage two weeks ago. The U.S. 10-year yield inched down 4.14% as Bitcoin<\/a> fell 2.6% to US$65,400.<\/p>\n\n\n\n

In contrast, the TSX rose 0.33% amid the rotation. TD<\/a> rallied 2.17% as the most active name, followed by Enbridge<\/a> up 1.38%. Filo<\/a> soared 8.77%, but the Bank of Montreal<\/a> slid 5.4% after a downgrade and First Quantum Minerals<\/a> declined 3.26%. Gold added US$25 to US$2,409, and WTI slipped 1% to US$75. Markets will be watching the U.S. Fed’s interest rate decision on Wednesday afternoon.<\/p>\n\n\n\n

💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -7.13%<\/p>\n\n\n\n

Ⓜ Microsoft Corp\u00a0(MSFT-Q)<\/a> -6%<\/p>\n\n\n\n

🔌 Stanley Black and Decker\u00a0(SWK-N)<\/a> +9.81%<\/p>\n\n\n\n

💳 PayPal Holdings Inc.\u00a0(PYPL-Q)<\/a> +8.61%<\/p>\n\n\n\n

🧫 Merck & Company\u00a0(MRK-N)<\/a> -9.77%<\/p>\n\n\n\n

💾 CrowdStrike Holdings\u00a0(CRWD-Q)<\/a> -9.72%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -2.6%<\/p>\n\n\n\n

🏛 Toronto Dominion\u00a0(TD-T)<\/a> +2.17%<\/p>\n\n\n\n

🛢 Enbridge\u00a0(ENB-T)<\/a> +1.38%<\/p>\n\n\n\n

⛏ Filo Mining\u00a0(FIL-T)<\/a> +8.77%<\/p>\n\n\n\n

🏛 Bank of Montreal\u00a0(BMO-T)<\/a> -5.4%<\/p>\n\n\n\n

⛏ First Quantum Minerals\u00a0(FM-T)<\/a> -3.26%<\/p>\n","protected":false},"excerpt":{"rendered":"

AI tech stocks, which have led markets this year, continued to slide Tuesday ahead of key earnings. Nvidia sank 7.13% in very active trading as the Nasdaq fell 1.24%. After the closing bell, Microsoft reported and tumbled more than 6%. […]<\/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-341874","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\/341874","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=341874"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341874\/revisions"}],"predecessor-version":[{"id":341877,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341874\/revisions\/341877"}],"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=341874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}