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

Tech roars, Boeing dives

Allan Tong Posted On June 28, 2021
0
0
Shares
  • Share On Facebook
  • Tweet It

As fears over inflation recede, investors poured back into tech as the Nasdaq rallied to new highs, climbing nearly 1% to 14,500. Leading the charge was Facebook which leapt 4.18% to set a new closing high of $355.64 after a court dismissed the U.S. Federal Trade Commission’s antitrust suit. Also, Facebook topped US$1 trillion in market cap. Other FAAANGs basked in Facebook’s glow as Microsoft rallied 1.4% (another record close), Adobe 1.58% (the same), Nvidia 4.89% and Apple 1.2%.

Elsewhere, stay-at-home stocks enjoyed a comeback as Peloton jumped 4.47% and Zoom by 4.44%. The S&P added 0.23% to 4,290 as it too made a record close on the strength of tech. In contrast, the Dow closed -0.44%, weighed down by Boeing. The planemaker plunged 3.34% after the FAA announced it realistically won’t approve the 777X for safety until mid-2023. Oil stocks also sold off on the eve of the OPEC+ meeting, with Occidental closing down 5%. Travel stocks also took it on the chin as Expedia dove 4.35%. The U.S. 10-year fell over 3% to 1.4765%.

Tech also lifted the TSX, though it closed -0.42%, pressured by energy and financials. Crescent Point Energy sank 4% and Martinrea lost nearly that much. In contrast, BlackBerry gained about 6%, Lightspeed 2.36% and Shopify 1.78%. The prices of WCS fell 2% and WTI 1.6% as gold remained flat. Bitcoin, though, popped around 6.5% to nearly $35,000. Lastly, the Canadian dollar continued to lose ground against the American greenback and was trading just above 81 cents.

🕵️‍♂️ Facebook +4.18%
Ⓜ Microsoft +1.4%
💾 Adobe Systems +1.58%
🧬 Nvidia Corp +4.89%
🍎 Apple +1.2%
🚲 Peloton Interactive +4.47%
📹 Zoom Video Communications Inc. +4.44%
🛫 Boeing -3.34%
✈ Expedia -4.35%
🛢 Crescent Point Energy Corp -4%
🚗 Martinrea -3.89%
📱 BlackBerry +6%
💾 Lightspeed POS +2.36%
🛍 Shopify Inc. +1.78%
🅱 The Bitcoin Fund +6.5%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Air Canada, Shell plc and 19 Stock and 1 ETF Top Picks (Jun 17-23)
Melisa R. H. June 24, 2022
Spectral Med Inc and More at 52-week Highs & Lows (Jun 15-21)
Melisa R. H. June 22, 2022
Markets inch to new highs
Read Next

Markets inch to new highs

  • 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

    • Air Canada, Shell plc and 19 Stock and 1 ETF Top Picks (Jun 17-23)
    • Spectral Med Inc and More at 52-week Highs & Lows (Jun 15-21)
    • 3 defensive stocks to find stability with your money
    • Markets slide on recession fears
    • 3 rock stars of the mineral stocks
  • 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