Net worth tracking
Login Sign Up
Become a Premium Member
  • All Opinions
  • Top Picks
  • Experts
  • Companies
  • Discover
Watch List
Home » Daily

Morning plunge, afternoon rally

Allan Tong Posted On March 25, 2021
0
0
Shares
  • Share On Facebook
  • Tweet It

Thursday saw another wild session as the benchmarks in Toronto and New York sank in the morning, then rallied in the afternoon, particularly in the dying minutes. What looked like a negative day turned into a 0.52% gain for the S&P and 0.62% for the Dow. The Nasdaq and TSX edged into the positive, both closing 0.12% in the dying minutes of the session. Toronto was pressured by crude oil prices, which continued to decline in reaction to new Covid restrictions in Europe, particularly Germany. Financials, staples and telcos had a good day, but tech and materials declined. The energy sector actually inched into the positive by the closing bell.

Alcanna and Cardinal Energy both topped 6%. Weed got high as Charlotte’s Web Holdings jumped 6.51% and Organigram surged 4.77%. Green energy producer, Boralex, regained 5% of its recent losses. Selling off were Enerplus and Cineplex by nearly 5% while Shopify retreated 3.81%. The prices of WTI and WCS slid 4-4.5%.

Breaking the recent pattern, Thursday’s correlation between the rising U.S. 10-year Treasury and sinking tech stocks did not occur as both sank in the morning and both barely climbed into the positive by 4:00 pm EST. The 10-year reached 1.63%. Industrials, financials and staples eventually showed strength on the Dow. Boeing rose 3.32%, American Express 2.79% and Home Depot 1.51%, though Nike slid 3.39% after China alleged human rights abuses against the shoe company. Also in China, Baidu plunged nearly 15% over investor fears that the heavy regulatory hand of Beijing may effect this tech company.

🍾 Alcanna +6%
🛢 Cardinal Energy Ltd +6%
🌿 Charlotte’s Web +6.51%
🌿 OrganiGram Holdings Inc. +4.77%
♻ Boralex Inc. +5%
🛢 Enerplus Corp -5%
🎞 Cineplex Inc -5%
🛍 Shopify Inc. -3.81%
🛫 Boeing +3.31%
🏛 American Express +2.79%
🛠 Home Depot +1.51%
👟 Nike Inc -3.39%
🈲 Baidu.com -15%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Brookfield Renewable Energy, Boralex Inc. and More at 52-week Highs & Lows (Aug 03-09)
Melisa R. H. August 10, 2022
3 Stocks to See Green in Green Energy Stocks
Allan Tong August 9, 2022
Stocks rebound before close to end choppy week
Read Next

Stocks rebound before close to end choppy week

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
  • Popular Posts

    • Brookfield Renewable Energy, Boralex Inc. and More at 52-week Highs & Lows (Aug 03-09)
    • 3 Stocks to See Green in Green Energy Stocks
    • Barrick Gold, ATS Automation and More Earnings Reports this Week (Aug 08-12)
    • Best Buy Company Inc, Coinbase Global and 12 Stock and 2 ETF Top Picks (Jul 29-Aug 04)
    • 3 Recession Proof Stocks
  • Stock Lists

    • 3 Stocks to See Green in Green Energy Stocks
      August 9, 2022
    • 3 Recession Proof Stocks
      August 2, 2022
    • 3 Money Stocks to Beat Inflation
      July 26, 2022
    • Our 3 defensive healthcare stocks picks
      July 19, 2022
    • Oligopolies, duopolies, 3 telcos stocks examined
      July 12, 2022


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search