{"id":343429,"date":"2025-05-23T17:31:18","date_gmt":"2025-05-23T21:31:18","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=343429"},"modified":"2025-05-23T17:31:19","modified_gmt":"2025-05-23T21:31:19","slug":"new-tariff-threats-sink-wall-street-tsx-flat","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/new-tariff-threats-sink-wall-street-tsx-flat\/","title":{"rendered":"New tariff threats sink Wall Street, TSX flat"},"content":{"rendered":"\n<p>The week ended with Trump threatening the E.U. with 50% tariffs and Apple with 25% for not building its iPhones in the U.S. Though closing higher than the weakest parts of the session, the S&amp;P still ended Friday -0.67%, the Nasdaq -1% and the Dow -0.61%. All indices lost around 2.5% for the week. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> sank 3.02% though the Wall Street consensus is that Apple cannot afford to shift production stateside. Elsewhere, <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> closed -2.43%, <a href=\"https:\/\/stockchase.com\/INTU-Q\">Intuit<\/a> 8.12%, <a href=\"https:\/\/stockchase.com\/DECK-N\">Deckers<\/a> -19.86% and <a href=\"https:\/\/stockchase.com\/WDAY-Q\">Workday<\/a> -12.52%. <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> sank 2.3% to US$108,530 while the U.S. 10-year yield remained at 4.5%.<\/p>\n\n\n\n<p>The TSX added 25 points on Friday and shed a handful of points for the week. Only four sectors rose, led by materials, while tech led the laggards. Major movers: <a href=\"https:\/\/stockchase.com\/WCP-T\">Whitecap Resources<\/a> 2.83%, <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> 11.59%, <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco<\/a> 10.04% after Trump signed orders to boost U.S. nuclear energy, <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> -3.18% and <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify<\/a> -2.57%. Gold added US$64 to US$3,359 while WTI climbed half a dollar to US$61.70. <\/p>\n\n\n\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc\u00a0(AAPL-Q)<\/a> -3.02%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel\u00a0(INTC-Q)<\/a> -2.43%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTU-Q\">Intuit Inc.\u00a0(INTU-Q)<\/a> +8.12%<\/p>\n\n\n\n<p>&#x1f45f; <a href=\"https:\/\/stockchase.com\/DECK-N\">Deckers Outdoor Corp.\u00a0(DECK-N)<\/a> -19.86%<\/p>\n\n\n\n<p>&#x1f4c3; <a href=\"https:\/\/stockchase.com\/WDAY-Q\">Workday\u00a0(WDAY-Q)<\/a> -12.52%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -2.3%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/WCP-T\">Whitecap Resources\u00a0(WCP-T)<\/a> +2.83%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp\u00a0(DML-T)<\/a> +11.59%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco Corporation\u00a0(CCO-T)<\/a> +10.04%<\/p>\n\n\n\n<p>&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry\u00a0(BB-T)<\/a> -3.18%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify Inc.\u00a0(SHOP-T)<\/a> -2.57%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week ended with Trump threatening the E.U. with 50% tariffs and Apple with 25% for not building its iPhones in the U.S. Though closing higher than the weakest parts of the session, the S&amp;P still ended Friday -0.67%, the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"closed","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-343429","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\/343429","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=343429"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343429\/revisions"}],"predecessor-version":[{"id":343433,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343429\/revisions\/343433"}],"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=343429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=343429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=343429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}