For the second-straight day, markets around the world tanked as a result of Trump’s April 2 tariffs which hit globally. At the epicentre was Wall Street, where the three major indices plunged 5.5-6% on Friday alone. It was the Dow’s third-worst session in history, rivaling the pandemic. For the week, the Dow sank nearly 8%, but the Nasdaq and S&P tanked close to 10%. It was the worst two-day drop for these two indices since March 2020, the depth of the pandemic. The VIX leapt 48% to over 44.<\/p>\n
Once more, losses were widespread and deep: Tesla<\/a> -10.35%, Intel<\/a> -11.21%, Nvidia<\/a> -7%, Palantir<\/a> -11.39% and GE Healthcare<\/a> -15.99%. The U.S. 10-year yield faded to 4.017%, but Bitcoin<\/a> gained 1.9% to US$83,875.<\/p>\n To make matters worse, OPEC+ suddenly raised output, plunging WTI crude by 6.3% to US$62.70, the lowest in three years. Gold declined US$78 to US$3,306. The TSX sank another 4.66% or nearly 1,100 points, though fared better than Wall Street by losing only 6.3% over the week. All sectors fell. Key names: Suncor<\/a> -8.82%, Baytex<\/a> -17.14%, Vermilion Energy<\/a> -15.15%, Whitecap Resources<\/a> -9.99% and New Gold<\/a> -14.6%.<\/p>\n 🚗 Tesla Inc <\/a>(TSLA-Q)<\/a> -10.35%<\/span><\/p>\n 💾 Intel <\/a>(INTC-Q)<\/a> -11.21%<\/span><\/p>\n 💾 NVIDIA Corporation <\/a>(NVDA-Q)<\/a> -7%<\/span><\/p>\n 💾 Palantir Technologies <\/a>(PLTR-Q)<\/a> -11.39%<\/span><\/p>\n 👨⚕️ GE HealthCare Technologies Inc <\/a>(GEHC-Q)<\/a> -15.99%<\/span><\/p>\n 🅱 Bitcoin (BTCUSD) <\/a>(CRYPTO:BTC)<\/a> +1.9%<\/span><\/p>\n 🛢 Suncor Energy Inc <\/a>(SU-T)<\/a> -8.82%<\/span><\/p>\n 🛢 Baytex Energy Corp <\/a>(BTE-T)<\/a> -17.14%<\/span><\/p>\n 🛢 Vermilion Energy Inc <\/a>(VET-T)<\/a> -15.15%<\/span><\/p>\n 🛢 Whitecap Resources <\/a>(WCP-T)<\/a> -9.99%<\/span><\/p>\n 🥇 New Gold Inc. <\/a>(NGD-T)<\/a> -14.6%<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" For the second-straight day, markets around the world tanked as a result of Trump’s April 2 tariffs which hit globally. At the epicentre was Wall Street, where the three major indices plunged 5.5-6% on Friday alone. It was the Dow’s […]<\/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-343194","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\/343194","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=343194"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343194\/revisions"}],"predecessor-version":[{"id":343200,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343194\/revisions\/343200"}],"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=343194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=343194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=343194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}