{"id":342646,"date":"2024-12-17T18:31:13","date_gmt":"2024-12-17T23:31:13","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=342646"},"modified":"2024-12-17T18:31:16","modified_gmt":"2024-12-17T23:31:16","slug":"stock-slump-continues","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stock-slump-continues\/","title":{"rendered":"Stock slump continues"},"content":{"rendered":"\n<p>Markets in New York and Toronto continued to weaken on Tuesday. The TSX closed 0.54% lower as only two sectors managed gains for the session, particularly health care. Telcos and staples led the remaining sectors down. <\/p>\n\n\n\n<p>Making outsized moves were <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray<\/a> by 4.14%, <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> at 3.64%, <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada<\/a> -9.35% and <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier<\/a> -5.04%. Canadian inflation for November declined to 1.9%, beating the Bank of Canada&#8217;s 2% goal as interest rates are expected to continue to fall. WTI crude gave back 0.7% to US$70.20 a barrel while gold declined US$5 to US$2,644.<\/p>\n\n\n\n<p>The major indices on Wall Street all sanb: the S&amp;P -0.39%, the Dow -0.61% and the Nasdaq -0.32%. <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> extended its losing street by falling 1.54% into correction territory, again as the most-active name, <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> climbed 3.93% and <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom<\/a> ended the day -3.91% after a recent rally. However, health care, in particular health insurance, dominated the news given signals that the incoming administration in Washington will impact its business. <a href=\"https:\/\/stockchase.com\/HUM-N\">Humana<\/a> slid nearly 10%. However, the market approved of <a href=\"https:\/\/stockchase.com\/PFE-N\">Pfizer<\/a>&#8216;s 2025 forecast and sent shares jumping 4.37%. The U.S. 10-year-yield remained at 4.399%, while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> continued its record run by inching up 0.38% to US$106,500.<\/p>\n\n\n\n<p>&#x1f33f; <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray Inc.\u00a0(TLRY-Q)<\/a> +4.14%<\/p>\n\n\n\n<p>&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry\u00a0(BB-T)<\/a> +3.64%<\/p>\n\n\n\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada\u00a0(AC-T)<\/a> -9.35%<\/p>\n\n\n\n<p>&#x1f682; <a href=\"https:\/\/stockchase.com\/BBD.B-T\">Bombardier Inc (B)\u00a0(BBD.B-T)<\/a> -5.04%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -1.54%<\/p>\n\n\n\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Inc\u00a0(TSLA-Q)<\/a> +3.93%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom\u00a0(AVGO-Q)<\/a> -3.91%<\/p>\n\n\n\n<p>&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/HUM-N\">Humana Inc\u00a0(HUM-N)<\/a> -10%<\/p>\n\n\n\n<p>&#x1f489; <a href=\"https:\/\/stockchase.com\/PFE-N\">Pfizer Inc\u00a0(PFE-N)<\/a> +4.37%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +0.38%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets in New York and Toronto continued to weaken on Tuesday. The TSX closed 0.54% lower as only two sectors managed gains for the session, particularly health care. Telcos and staples led the remaining sectors down. Making outsized moves were [&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-342646","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\/342646","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=342646"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342646\/revisions"}],"predecessor-version":[{"id":342649,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342646\/revisions\/342649"}],"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=342646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=342646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=342646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}