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

Nasdaq makes new high as rally continues

Allan Tong Posted On June 8, 2020
0
0
Shares
  • Share On Facebook
  • Tweet It

The Nasdaq climbed 1.13% to make a new, all-time high of 9,924 on Monday to highlight Wall Street’s continuing rally. In fact, the Nasdaq lagged New York’s main indices as the Dow closed up 1.71% to mark a six-day winning streak and the S&P rose 1.2% to finish positive for 2020.

Energy led, spiking 4.32% and financials gained 1.76%. Materials and tech lagged, though many such names still finished positive. In general, underperforming areas of the market, value stocks and small caps, are catching up to tech and health. Then, there are the tourism stocks. Norwegian Cruise Lines shot up nearly 20% while United Airlines soared 14.83%. Boeing jumped 12.21% as all 11 sectors of the S&P closed higher.

The catalyst remains the continued reopenings. In particular, former epiecentre New York began phase one of reopening Monday. In contrast, New Zealand declared itself Covid-19-free and completely reopened. However, the Golden Horseshoe of southern Ontario, Canada’s economic engine, remains in phase one. The TSX closed higher, though lagged Wall Street by rising 0.68%. Real estate jumped 3.19% and energy rose 2.88%, but staples lagged. Both Air Canada and Chorus Aviation climbed more than 15%. Weed stock like Cronos leapt over 20%. Even though OPEC+ officially extended its production cuts another month, the price of WTI and WCS both fell by 4%.

🚢 Norwegian Cruise Line Holdings +20%
🛫 United Airlines Holdings +14.83%
🛫 Boeing +12.21%
🛫 Air Canada +15%
🛫 Chorus Aviation Inc +15%
🌿 Cronos Group Inc +20%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
FedEx, Aritzia Inc. and 17 Stock and 3 ETF Top Picks (Jun 24-30)
Melisa R. H. July 1, 2022
3 gems from the Collision technology conference
Allan Tong June 29, 2022
Covid Stock Rally : Top 3 Stocks to Buy on Weakness
Read Next

Covid Stock Rally : Top 3 Stocks to Buy on Weakness

  • 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

    • FedEx, Aritzia Inc. and 17 Stock and 3 ETF Top Picks (Jun 24-30)
    • 3 gems from the Collision technology conference
    • Intertape Polymer Group and More at 52-week Highs & Lows (Jun 22-28)
    • 3 defensive stocks to find stability with your money
    • Markets slide on recession fears
  • Stock Lists

    • 3 defensive stocks to find stability with your money
      June 21, 2022
    • 3 rock stars of the mineral stocks
      June 15, 2022
    • 3 stocks to profit from revenge travel
      June 7, 2022
    • Are tech stocks alive?
      May 31, 2022
    • 3 dividend stocks to fight inflation
      May 24, 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