{"id":342404,"date":"2024-10-30T17:21:33","date_gmt":"2024-10-30T21:21:33","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=342404"},"modified":"2024-10-30T17:21:37","modified_gmt":"2024-10-30T21:21:37","slug":"markets-fade-amid-megatech-earnings","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-fade-amid-megatech-earnings\/","title":{"rendered":"Markets fade amid megatech earnings"},"content":{"rendered":"\n<p>The major indices lost ground Wednesday as the biggest tech stocks continued reporting.<\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/1833\/GOOG-Q\">Alphabet<\/a> reported a beat and rallied 2.82%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/7441\/SMCI-Q\">Super Micro Computer<\/a>&#8216;s accounting firm quit and shares tanked nearly 33%. Elsewhere <a href=\"https:\/\/stockchase.com\/company\/view\/2645\/GRMN-Q\">Garmin<\/a> soared 23.25% and <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> closed -10.62% on a mixed quarter. The US 10-year yield held around 4.28% as <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> slipped 0.5% to below US$72,000.<\/p>\n\n\n\n<p>The TSX closed -0.22% as only three sectors rose. Staples rallied but materials and tech lagged the most. Key movers: <a href=\"https:\/\/stockchase.com\/company\/view\/4051\/SES-T\">Secure Energy Services<\/a> 9.88%, <a href=\"https:\/\/stockchase.com\/company\/view\/3584\/CPX-T\">Capital Power<\/a> 7.72%, <a href=\"https:\/\/stockchase.com\/company\/view\/944\/PD-T\">Precision Drilling<\/a> 7.03%, <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia<\/a> 6.34% and <a href=\"https:\/\/stockchase.com\/company\/view\/2270\/NGD-T\">New Gold<\/a> -1.98%. Gold added US$10 to US$2,784 as WTI jumped 2.5% to US$68.90.<\/p>\n\n\n\n<p>&#x1f9ee; <a href=\"https:\/\/stockchase.com\/company\/view\/1833\/GOOG-Q\">Alphabet Inc\u00a0(GOOG-Q)<\/a> +2.82%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/7441\/SMCI-Q\">Super Micro Computer\u00a0(SMCI-Q)<\/a> -33%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/2645\/GRMN-Q\">Garmin Limited\u00a0(GRMN-Q)<\/a> +23.25%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices\u00a0(AMD-Q)<\/a> -10.62%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -0.5%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4051\/SES-T\">Secure Energy Services\u00a0(SES-T)<\/a> +9.88%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/3584\/CPX-T\">Capital Power\u00a0(CPX-T)<\/a> +7.72%<\/p>\n\n\n\n<p>&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/944\/PD-T\">Precision Drilling\u00a0(PD-T)<\/a> +7.03%<\/p>\n\n\n\n<p>&#x1f457; <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia Inc.\u00a0(ATZ-T)<\/a> +6.34%<\/p>\n\n\n\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/2270\/NGD-T\">New Gold Inc.\u00a0(NGD-T)<\/a> -1.98%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The major indices lost ground Wednesday as the biggest tech stocks continued reporting. Alphabet reported a beat and rallied 2.82%. However, Super Micro Computer&#8216;s accounting firm quit and shares tanked nearly 33%. Elsewhere Garmin soared 23.25% and AMD closed -10.62% [&hellip;]<\/p>\n","protected":false},"author":9,"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-342404","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\/342404","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=342404"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342404\/revisions"}],"predecessor-version":[{"id":342406,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342404\/revisions\/342406"}],"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=342404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=342404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=342404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}