Stockchase After the Close Tuesday saw choppy trading, particularly on Wall Street, ahead of Thursday’s morning latest consumer inflation data. The S&P closed -0.65%, the Nasdaq -1.1% below 10,500, and the Dow up 0.12% with about half of stocks trading higher. Tech was hit hard.
The most influential names were Apple at -1.26%, AMD -0.99%, Tesla -3.13%, Ford1.58%, American Airlines 1.7% and the Bank of America -2.97%. The U.S. 10-year yield continued to inch up, touching 3.945%. Meanwhile, Bitcoin slid 1.2% to fall below $19,000.
Energy’s weakness pressured the TSX which shed 1.95%. In fact, every sector was in the red, except consumer staples. Major movers on Bay Street were CNQ at -3.32%, TC Energy -2.37%, the Bank of Nova Scotia -1.23%, Suncor -4.13% and TD Bank at -1.71%. One of the few gainers was West Fraser Timber popping 4.19%. WTI sank 3% to trade around $88.50. The VIX jumped 3.76% to 33.67.