{"id":341926,"date":"2024-08-07T17:16:04","date_gmt":"2024-08-07T21:16:04","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341926"},"modified":"2024-08-07T17:16:08","modified_gmt":"2024-08-07T21:16:08","slug":"markets-fade-into-close","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-fade-into-close\/","title":{"rendered":"Markets fade into close"},"content":{"rendered":"\n<p>Despite an early rally, Wednesday markets in Toronto and New York failed to rally and closed on weakness. The S&amp;P closed 5,200 and finished the session -0.77% lower as the Nasdaq performed -1.05% and the Dow -0.6%. <\/p>\n\n\n\n<p>The most-active names: <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> -5.12%, <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> -4.24% and <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> 1.25%. Semis as a sector were pounded as <a href=\"https:\/\/stockchase.com\/company\/view\/7441\/SMCI-Q\">SMCI<\/a> fared -20.14%. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> was -13.38% though <a href=\"https:\/\/stockchase.com\/company\/view\/6233\/FTNT-Q\">Fortinet<\/a> soared 25.3% after reporting. The U.S. 10-year-yield continued to inch up, touching 3.95%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> gave back 1.55% to US$55,175.<\/p>\n\n\n\n<p>Though WTI rebounded % to US$75.45, the TSX sank 0.42% to close below 22,000. Key names: <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> 4.38%, <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> -2.35%, <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia<\/a> 2.73%, <a href=\"https:\/\/stockchase.com\/company\/view\/7312\/BN-T\">Brookfield Corp.<\/a> -4.16% and <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> jumped 17.88% after a beat. Gold retreated US$5 to US$2,385.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -5.12%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel\u00a0(INTC-Q)<\/a> -4.24%<\/p>\n\n\n\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple Inc\u00a0(AAPL-Q)<\/a> +1.25%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/7441\/SMCI-Q\">Super Micro Computer\u00a0(SMCI-Q)<\/a> -20.14%<\/p>\n\n\n\n<p>&#x1f9f3; <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb\u00a0(ABNB-Q)<\/a> -13.38%<\/p>\n\n\n\n<p>&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/6233\/FTNT-Q\">Fortinet Inc\u00a0(FTNT-Q)<\/a> +25.3%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -1.55%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc\u00a0(SU-T)<\/a> +4.38%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial\u00a0(MFC-T)<\/a> -2.35%<\/p>\n\n\n\n<p>&#x1f457; <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia Inc.\u00a0(ATZ-T)<\/a> +2.73%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/7312\/BN-T\">Brookfield Corp\u00a0(BN-T)<\/a> -4.16%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc.\u00a0(SHOP-T)<\/a> +17.88%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite an early rally, Wednesday markets in Toronto and New York failed to rally and closed on weakness. The S&amp;P closed 5,200 and finished the session -0.77% lower as the Nasdaq performed -1.05% and the Dow -0.6%. The most-active names: [&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-341926","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\/341926","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=341926"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341926\/revisions"}],"predecessor-version":[{"id":341930,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341926\/revisions\/341930"}],"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=341926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}