{"id":345547,"date":"2026-10-22T15:40:00","date_gmt":"2026-10-22T19:40:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=345547"},"modified":"2026-10-22T16:56:20","modified_gmt":"2026-10-22T20:56:20","slug":"ai-and-materials-slide-oil-surges","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/ai-and-materials-slide-oil-surges\/","title":{"rendered":"AI and materials slide, oil surges"},"content":{"rendered":"\n

It was a volatile Thursday on the markets as disappointing forecasts from Meta<\/a> and SpaceX<\/a> stoked fears over AI spending. Though both names reported quarterly beats, their\u00a0shares tumbled 6.98% and 9.14%, respectively, and dragged the Nasdaq down 2.6%. While the Dow inched up a handful of points, the S&P sank 1.21%. Elsewhere on Wall Street, Netflix<\/a> regained 3.09%, Moderna<\/a> cratered 17.57% while the two most-active names, Intel<\/a> and Nvidia<\/a> fell 8.04% and 4.4%. Also declining was the U.S. 10-year yield, which slipped below 5%. Not even Bitcoin<\/a> was immune, shedding 4% to US$81,260.<\/p>\n\n\n\n

Investors flocked out of tech and into the safe havens of dividend stocks. On the TSX, telcos and real estate were the top performers and Telus<\/a> was the most-active Canadian name, rallying 5.01%. Materials dragged down the TSX, finishing -0.95% or nearly 350 points. Gold slid over US$110 to US$4,024, silver plunged close to 6% to US$54.45. Other key names: Ivanhoe Mines<\/a> -3.67%, Americas Gold & Silver<\/a> -11.29%, Celestica<\/a> -12.04% and Mullen Group<\/a> 11.5%. Finally, crude oil surged again, with WTI jumping 2.2% to US$99.25.<\/p>\n\n\n\n

🕵️‍♀️ Meta Platforms, Inc. (META)<\/a> -6.98%<\/p>\n\n\n\n

💾 SpaceX (SPCX)<\/a> -9.14%<\/p>\n\n\n\n

📺 Netflix Inc. (NFLX)<\/a> +3.09%<\/p>\n\n\n\n

💉 Moderna (MRNA)<\/a> -17.57%<\/p>\n\n\n\n

💾 Intel (INTC)<\/a> -8.04%<\/p>\n\n\n\n

💾 NVIDIA Corporation (NVDA)<\/a> -4.04%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD) (BTC-USD)<\/a> -4%<\/p>\n\n\n\n

📱 Telus Corp (T.TO)<\/a> +5.01%<\/p>\n\n\n\n

⛏ Ivanhoe Mines Ltd (IVN.TO)<\/a> -3.67%<\/p>\n\n\n\n

⛏ U.S. Silver & Gold (USA.TO)<\/a> -11.29%<\/p>\n\n\n\n

🧬 Celestica Inc (CLS.TO)<\/a> -12.04%<\/p>\n\n\n\n

🚚 Mullen Group Ltd (MTL.TO)<\/a> +11.5%<\/p>\n","protected":false},"excerpt":{"rendered":"

It was a volatile Thursday on the markets as disappointing forecasts from Meta and SpaceX stoked fears over AI spending. Though both names reported quarterly beats, their\u00a0shares tumbled 6.98% and 9.14%, respectively, and dragged the Nasdaq down 2.6%. While the […]<\/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-345547","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\/345547","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=345547"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345547\/revisions"}],"predecessor-version":[{"id":345548,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345547\/revisions\/345548"}],"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=345547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=345547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=345547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}