Stocks dip from intraday highs
U.S. stocks hit new highs early Tuesday, but declined by the close. The Dow and S&P finished -0.23% and -0.21% respectively while the Nasdaq ended -0.38% and the TSX closed at -0.4%. Volumes were exceptionally light, however, and there was an air of profit-taking after Monday’s rally, fulled by the signing of the stimulus bill. It’s uncertain if the U.S. Senate will raise pandemic aid checks to $2,000.
Travel tech names like Booking Holdings gained 2.22% and Expedia 2.19% while Netflix bounced back 2.26%. In contrast, consumer names like Home Depot edged down 1.14% while some restaurant chains slipped, such as Domino’s Pizza which shed nearly 4%. Intel was one of the day’s big winner, popping 4.93%, thigh Western Digital slid 3.54%.
In Toronto, tech, materials and energy weighed down the index. Winners included Goodfood Market, jumping 10% and green utilities, such as Transalta Renewables, rising 6%. Silvercrest Metals rallied 4.52. On the flipside, Village Farms plunged 16.54% and Polaris Infrastructure sank 6.58%. The price of WTI, however, climbed 0.8% to $48/barrel, and WCS rose 0.49%. Bitcoin continied to touch new hights, rallying over 1% to finish above $27,000. Looking ahead, the U.K. is poised to approve AstraZeneca’s Covid vaccine, which would make it the third approved one on the market, and one that is cheaper and easier to transport. AZN stock inched up over 1%.
🛫 Booking Holdings Inc. +2.22%
🛫 Expedia +2.19%
📺 Netflix Inc. +2.26%
🛠 Home Depot -1.14%
🍕 Domino’s Pizza, Inc. -4%
💿 Intel +4.93%
💾 Western Digital -3.54%
🍱 Goodfood Market Corp. +10%
♻ Transalta Renewables +6%
🥈 SilverCrest Metals Inc +4.52%
🌿 Village Farms International, Inc. -16.54%
💡 Polaris Infrastructure -6.58%
💉 Astrazeneca P L C +1%