{"id":343109,"date":"2025-03-20T16:45:00","date_gmt":"2025-03-20T20:45:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=343109"},"modified":"2025-03-25T12:26:30","modified_gmt":"2025-03-25T16:26:30","slug":"sideways-post-powell","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/sideways-post-powell\/","title":{"rendered":"Sideways, post-Powell"},"content":{"rendered":"\n<p>The day after U.S. Fed chair, Jay Powell, announced he was holding American interest rates and cutting the growth forecast due to Trump&#8217;s policies, markets in New York and Toronto went sideways. The lack of direction led to the S&amp;P and Dow shedding a handful of points, essentially flat on Thursday, while the Nasdaq gave back 0.33%. The U.S. 10-year yield held around 4.241% though Bitcoin slipped nearly US$1,000 to US$84,425. <\/p>\n\n\n\n<p>Key movers: <a href=\"https:\/\/stockchase.com\/DRI-N\">Darden Restaurants<\/a> 5.77%, <a href=\"https:\/\/stockchase.com\/F-N\">Ford<\/a> -1.57% in heavy trading, <a href=\"https:\/\/stockchase.com\/ACN-N\">Accenture<\/a> -7.26%, <a href=\"https:\/\/stockchase.com\/JBL-N\">Jabil<\/a> 3.12% and <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom<\/a> -2.57%. <\/p>\n\n\n\n<p>Likewise, the TSX was flat, down nine points, though seven of 11 sectors closed lower. Healthcare rallied the most while Telcos fell furthest. Major movers: <a href=\"https:\/\/stockchase.com\/CLS-T\">Celestica<\/a> popping 3.95%, <a href=\"https:\/\/stockchase.com\/MDA-T\">MDA Space<\/a> 3.8%, <a href=\"https:\/\/stockchase.com\/GIB.A-T\">CGI<\/a> -4.71%, <a href=\"https:\/\/stockchase.com\/DOO-T\">BRP<\/a> -4.14% and <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals<\/a> -4.02%. Gold held its ground around US$3,044 while WTI rose 1.65% to US$68.25.<\/p>\n\n\n\n<p>&#x1f37d; <a href=\"https:\/\/stockchase.com\/DRI-N\">Darden Restaurants\u00a0(DRI-N)<\/a> +5.77%<\/p>\n\n\n\n<p>&#x1f698; <a href=\"https:\/\/stockchase.com\/F-N\">Ford Motor\u00a0(F-N)<\/a> -1.57%<\/p>\n\n\n\n<p>&#x1f5a8; <a href=\"https:\/\/stockchase.com\/ACN-N\">Accenture Ltd.\u00a0(ACN-N)<\/a> -7.26%<\/p>\n\n\n\n<p>&#x2699; <a href=\"https:\/\/stockchase.com\/JBL-N\">Jabil Circuit\u00a0(JBL-N)<\/a> +3.12%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom\u00a0(AVGO-Q)<\/a> -2.57%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/CLS-T\">Celestica Inc\u00a0(CLS-T)<\/a> +3.95%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/MDA-T\">MDA Ltd.\u00a0(MDA-T)<\/a> +3.8%<\/p>\n\n\n\n<p>&#x1f5a8; <a href=\"https:\/\/stockchase.com\/GIB.A-T\">CGI Group (A)\u00a0(GIB.A-T)<\/a> +4.71%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/DOO-T\">BRP INC.\u00a0(DOO-T)<\/a> +4.14%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals\u00a0(FM-T)<\/a> -4.02%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The day after U.S. Fed chair, Jay Powell, announced he was holding American interest rates and cutting the growth forecast due to Trump&#8217;s policies, markets in New York and Toronto went sideways. The lack of direction led to the S&amp;P [&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-343109","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\/343109","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=343109"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343109\/revisions"}],"predecessor-version":[{"id":343129,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343109\/revisions\/343129"}],"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=343109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=343109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=343109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}