Right after tame U.S. consumer inflation data lifted markets earlier this wee, new wholesale inflation numbers reversed market sentiment on Thursday. July wholesale inflation came in at 3.3%, far higher than the expected 2.5% and diminishing hopes that the U.S. Fed will cut inflation rates next month. The three major indices on Wall Street flatlined, with only the S&P showing any sort of gain as 70% of stocks on that index sank. <\/p>\n\n\n\n
Major movers for the session included Intel<\/a> up 7.38%, Tapestry<\/a> -15.71%, Deere<\/a> -6.76%, Armor -11.87% and the Trade Desk<\/a> -6.62%. Even Bitcoin<\/a> lost ground by 3.9% to US$118,185. Meanwhile, the U.S. 10-year yield edged up to 4.28%.<\/p>\n\n\n\n In Toronto, the TSX felt the pressure of Wall Street and sank 0.28%, even though seven sectors enjoyed gains. Healthcare rallied the most while tech slid the furthest. Key names on Bay Street included Equinox Gold<\/a> up 15.14%, Bausch Health<\/a> 5.17%, Whitecap Resources<\/a> 1.5%, Bird Construction<\/a> -15.43%, and Constellation Software<\/a> -5.57%. Gold slipped US$20 to US$3,35 while WTI rose over 2% to nearly US$64,000.<\/p>\n\n\n\n 💾 Intel (INTC-Q)<\/a> +7.38%<\/p>\n\n\n\n 🔌 Tapestry Inc. (TPR-N)<\/a> -15.71%<\/p>\n\n\n\n 🦌 Deere & Co. (DE-N)<\/a> -6.76%<\/p>\n\n\n\n 💾 Trade Desk (TTD-Q)<\/a> -6.62%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.9%<\/p>\n\n\n\n 🥇 Equinox Gold (EQX-T)<\/a> +15.14%<\/p>\n\n\n\n 👨⚕️ Bausch Health Companies Inc. (BHC-T)<\/a> +5.17%<\/p>\n\n\n\n 🛢 Whitecap Resources (WCP-T)<\/a> +1.5%<\/p>\n\n\n\n 🏛 Bird Construction Income Fund (BDT-T)<\/a> -15.43%<\/p>\n\n\n\n