{"id":342036,"date":"2024-08-28T18:10:17","date_gmt":"2024-08-28T22:10:17","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=342036"},"modified":"2024-08-28T18:10:21","modified_gmt":"2024-08-28T22:10:21","slug":"stocks-sink-ahead-of-nvidia-earnings","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-sink-ahead-of-nvidia-earnings\/","title":{"rendered":"Stocks sink ahead of Nvidia earnings"},"content":{"rendered":"\n

There was broad-based selling in Toronto and New York ahead of tech giant, Nvidia, reporting its quarter after the Wednesday session. The TSX sank 0.56% as CNQ<\/a> closed -0.91% as the most-traded name, Kinaxis<\/a> -14.54% and Ivanhoe Mines<\/a> -5.58%. However, bank earnings continued with two names beating: National Bank jumped 5.86% and Royal Bank<\/a> made an all-time high by adding 2.18%. Gold gave back US$16 to US$2,508 while WTI crude declined 1% to US$74.70.<\/p>\n\n\n\n

On Wall Street, the S&P closed at -0.59%, the Dow -0.39% and the Nasdaq -1.12%. Major movers: SMCI<\/a> -18.87%, Bath & Body Works<\/a> -6.96% and J M Smucker<\/a> -4.75%. Once more, Nvidia<\/a> was the most popular name at -1.59% as the street eagerly awaited its earnings. NVDA reported modest top and bottom line beats, but shares sank as much as 7% immediately after the report but before the call. Meanwhile, Bitcoin<\/a> sank 4.6% to US$59,000, while the U.S. 10-year yield hovered around 3.839%.<\/p>\n\n\n\n

🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -0.91%<\/p>\n\n\n\n

💾 Kinaxis Inc\u00a0(KXS-T)<\/a> -14.54%<\/p>\n\n\n\n

⛏ Ivanhoe Mines Ltd\u00a0(IVN-T)<\/a> -5.58%<\/p>\n\n\n\n

🏛 National Bank of Canada\u00a0(NA-T)<\/a> +5.86%<\/p>\n\n\n\n

🏛 Royal Bank\u00a0(RY-T)<\/a> +2.18%<\/p>\n\n\n\n

🧬 Super Micro Computer\u00a0(SMCI-Q)<\/a> -18.87%<\/p>\n\n\n\n

👞 Bath & Body Works\u00a0(BBWI-N)<\/a> -6.96%<\/p>\n\n\n\n

🍭 J. M. Smuckers Co.\u00a0(SJM-N)<\/a> -4.75%<\/p>\n\n\n\n

💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -1.59%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -4.6%<\/p>\n","protected":false},"excerpt":{"rendered":"

There was broad-based selling in Toronto and New York ahead of tech giant, Nvidia, reporting its quarter after the Wednesday session. The TSX sank 0.56% as CNQ closed -0.91% as the most-traded name, Kinaxis -14.54% and Ivanhoe Mines -5.58%. However, […]<\/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-342036","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\/342036","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=342036"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342036\/revisions"}],"predecessor-version":[{"id":342039,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342036\/revisions\/342039"}],"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=342036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=342036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=342036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}