{"id":341888,"date":"2024-08-01T17:29:24","date_gmt":"2024-08-01T21:29:24","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341888"},"modified":"2024-08-01T17:29:28","modified_gmt":"2024-08-01T21:29:28","slug":"weak-economic-data-sinks-stocks","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/weak-economic-data-sinks-stocks\/","title":{"rendered":"Weak economic data sinks stocks"},"content":{"rendered":"\n<p>Following a sharp rally, Thursday&#8217;s markets pulled back after the latest U.S. economic data was released. From June to July, PMI manufacturing data decreased while jobless claims rose and fell further that estimated. Though markets did not close on weakness, they sank for most of the day, led by tech: the Nasdaq -2.33%, S&amp;P -1.43% and the Dow -1.29%. At the same time, the U.S. 10-year yield fell below 4%. <\/p>\n\n\n\n<p>Once again, <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> was the most traded name, rising at first but plunged to a -8.11% close. <a href=\"https:\/\/stockchase.com\/META-Q\">Meta<\/a> reported and rallied 4.34%, but <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> finished the session -8.26%, <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna<\/a> -21.01% and <a href=\"https:\/\/stockchase.com\/MGM-N\">MGM Resorts<\/a> -13.22%. The VIX jumped 16.25% amid volatility, while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> sank 1.8% to fall below US$63,500.<\/p>\n\n\n\n<p>Likewise, the TSX closed -1.66%. Notable names: <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> -3.08%, <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife<\/a> -3.15%, <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> -5.93%, <a href=\"https:\/\/stockchase.com\/AG-N\">First Majestic Silver<\/a> -13.35% and <a href=\"https:\/\/stockchase.com\/NFi-T\">NFI Group<\/a> soared 11.25%. WTI slid 2% to nearly US$77 a barrel as gold slipped US$ to US$2,443.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -8.11%<\/p>\n\n\n\n<p>&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/META-Q\">Meta Platforms Inc \/ Facebook\u00a0(META-Q)<\/a> +4.34%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices\u00a0(AMD-Q)<\/a> -8.26%<\/p>\n\n\n\n<p>&#x1f48a; <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna\u00a0(MRNA-Q)<\/a> -21.01%<\/p>\n\n\n\n<p>&#x2660; <a href=\"https:\/\/stockchase.com\/MGM-N\">MGM Resorts International\u00a0(MGM-N)<\/a> -13.22%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -1.8%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc\u00a0(SU-T)<\/a> -3.08%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife Financial\u00a0(MFC-T)<\/a> -3.15%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy\u00a0(CVE-T)<\/a> -5.93%<\/p>\n\n\n\n<p>&#x1f948; <a href=\"https:\/\/stockchase.com\/AG-N\">First Majestic Silver\u00a0(AG-N)<\/a> -13.35%<\/p>\n\n\n\n<p>&#x1f68c; <a href=\"https:\/\/stockchase.com\/NFi-T\">NFI Group Inc\u00a0(NFi-T)<\/a> +11.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a sharp rally, Thursday&#8217;s markets pulled back after the latest U.S. economic data was released. From June to July, PMI manufacturing data decreased while jobless claims rose and fell further that estimated. Though markets did not close on weakness, [&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-341888","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\/341888","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=341888"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341888\/revisions"}],"predecessor-version":[{"id":341892,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341888\/revisions\/341892"}],"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=341888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}