{"id":345554,"date":"2026-10-23T16:51:18","date_gmt":"2026-10-23T20:51:18","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=345554"},"modified":"2026-10-23T16:51:21","modified_gmt":"2026-10-23T20:51:21","slug":"oil-spikes-stocks-fade-to-end-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-spikes-stocks-fade-to-end-week\/","title":{"rendered":"Oil spikes, stocks fade to end week"},"content":{"rendered":"\n

Markets extended trends from Thursday into Friday as oil continued to surge while most other sectors declined. WTI jumped over 4% to US$103.55, as energy names like Baytex <\/a>rallied 3.22% and CNQ<\/a> 2.15%. Energy was the lone bright spot on the TSX, as all other sectors fell, led by staples, real estate and materials. The S&P slipped 0.4% on Friday or nearly 180 points, and declined over 1% for the week. Gold sank U$28 to below US$4,000 and silver slid 1.25% to US%53.80. Other key Canadian stocks were Mullen Group<\/a> -10.9%, Air Canada<\/a> -4.65%, IGM Financial<\/a> -4% and Eldorado Gold<\/a> -3.88%.<\/p>\n\n\n\n

In New York, the S&P lost half a percent on Friday and over the week, the Dow slid 1.24% but managed to gain 0.4% for the week, while the volatile Nasdaq settled 0.21% lower for the session and declined 0.7% for the week. The U.S. 10-year yield reversed direction by returning to 5%, while Bitcoin<\/a> held at US$81,260. Major movers on Wall Street: Crown Castle<\/a> 9.06%, Crowdstrike<\/a> 8.25%, AT&T<\/a> -7.96%, T-Mobile<\/a> -7.71% and Bloom Energy<\/a> -11.24%.<\/p>\n\n\n\n

🛢 Baytex Energy Corp (BTE.TO)<\/a> +3.22%<\/p>\n\n\n\n

🛢 Canadian Natural Rsrcs (CNQ.TO)<\/a> +2.15%<\/p>\n\n\n\n

🚚 Mullen Group Ltd (MTL.TO)<\/a> -10.9%<\/p>\n\n\n\n

🛫 Air Canada (AC.TO)<\/a> -4.65%<\/p>\n\n\n\n

🏛 IGM Financial Inc. (IGM.TO)<\/a> -4%<\/p>\n\n\n\n

🥇 Eldorado Gold (ELD.TO)<\/a> -3.88%<\/p>\n\n\n\n

🏛 Crown Castle International (CCI)<\/a> +9.06%<\/p>\n\n\n\n

💾 CrowdStrike Holdings (CRWD)<\/a> +8.25%<\/p>\n\n\n\n

📱 AT&T (T)<\/a> -7.96%<\/p>\n\n\n\n

📱 T-Mobile US (TMUS)<\/a> -7.71%<\/p>\n\n\n\n

🧬 Bloom Energy (BE)<\/a> -11.24%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets extended trends from Thursday into Friday as oil continued to surge while most other sectors declined. WTI jumped over 4% to US$103.55, as energy names like Baytex rallied 3.22% and CNQ 2.15%. Energy was the lone bright spot on […]<\/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-345554","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\/345554","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=345554"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345554\/revisions"}],"predecessor-version":[{"id":345555,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345554\/revisions\/345555"}],"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=345554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=345554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=345554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}