{"id":345349,"date":"2026-08-20T16:27:00","date_gmt":"2026-08-20T20:27:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=345349"},"modified":"2026-08-20T18:40:43","modified_gmt":"2026-08-20T22:40:43","slug":"treasury-ploy-backfires-markets-sink","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/treasury-ploy-backfires-markets-sink\/","title":{"rendered":"Treasury ploy backfires, markets sink"},"content":{"rendered":"\n

The U.S. Treasury’s scheme to “at least double” its government debt repurchases modestly lifted markets on Wednesday, but backfired on Thursday as the market doubted the rescue plan. The S&P closed -0.12%, the Nasdaq -1% and the Dow -1.27%. Meanwhile, the U.S. 10-year yield returned to 4.7% after spiking. Major movers: Walmart<\/a> -9.15%, Bank of America<\/a> -2.07%, Coinbase<\/a>\u00a07.58% and Intuitive Surgical<\/a> -5.84%. Moderna<\/a> gave back 23.55% after doubling the day before when it announced a breakthrough in its melanoma\u00a0treatment. Meanwhile, Bitcoin<\/a> continued to rebound, up 5.25% to US$72,670.<\/p>\n\n\n\n

The TSX fared relatively better, down only 0.12% as strength in materials and energy nearly offset losses in financials, healthcare and six other sectors. Key names on Bay Street: CNQ<\/a> 2.86%, Whitecap Resources<\/a> 2.37%, Energy Fuels<\/a> -6.38%, Aritzia<\/a> -5.5% and CAE<\/a> -4.01%. Gold added six dollars to US$4,521, silver rose 1.75% to US$68.10 and WTI rose another two dollars to US$87.83 as there was no end in sight to the U.S.-Iran war.<\/p>\n\n\n\n

🛒 Walmart Inc (WMT)<\/a> -9.15%<\/p>\n\n\n\n

🏛 Bank of America (BAC)<\/a> -2.07%<\/p>\n\n\n\n

🏛 Coinbase Global (COIN)<\/a> +7.58%<\/p>\n\n\n\n

👨‍⚕️ Intuitive Surgical Inc. (ISRG)<\/a> -5.84%<\/p>\n\n\n\n

💉 Moderna (MRNA)<\/a> -23.55%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD) (BTC-USD)<\/a> +5.25%<\/p>\n\n\n\n

🛢 Canadian Natural Rsrcs (CNQ.TO)<\/a> +2.86%<\/p>\n\n\n\n

🛢 Whitecap Resources (WCP.TO)<\/a> +2.37%<\/p>\n\n\n\n

⛏ Energy Fuels Inc. (EFR.TO)<\/a> -6.38%<\/p>\n\n\n\n

👗 Aritzia Inc. (ATZ.TO)<\/a> -5.5%<\/p>\n\n\n\n

🚨 CAE Inc (CAE.TO)<\/a> -4.01%<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Treasury’s scheme to “at least double” its government debt repurchases modestly lifted markets on Wednesday, but backfired on Thursday as the market doubted the rescue plan. The S&P closed -0.12%, the Nasdaq -1% and the Dow -1.27%. Meanwhile, […]<\/p>\n","protected":false},"author":9,"featured_media":343920,"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-345349","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\/345349","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=345349"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345349\/revisions"}],"predecessor-version":[{"id":345350,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345349\/revisions\/345350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/343920"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=345349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=345349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=345349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}