Stockchase-logo
Track Stocks Watchlist
Top Picks Today
=iconClose Home All Opinions Top Picks Stocks Experts Top Experts Panic-proof Top 100 Stocks Monthly gems News
Watchlist Track Stocks
Top Picks Today
Home » Daily

TSX climbs, Nasdaq tumbles

Allan Tong Posted On February 22, 2021
0
0
Shares
  • Share On Facebook
  • Tweet It

Monday’s session extended the market dynamics of last Friday as the TSX rose 0.21% on the strength of energy and financials, while U.S. tech stocks continued to fall. The Nasdaq plunged 2.46% though the S&P climbed 0.77% and the Dow was essentially flat. American investors were watching the U.S. benchmark 10-year treasury yield inch up to 1.37% and continued to worry about higher yields and inflation. In addition to tech, consumer discretionary also sold off as well as small caps (the Russell 2000 closed -0.69%). Bitcoin fell 7% from all-time highs.

Tech heavyweight Tesla tumbled 8.55% and Micron slid 5.15%. However travel recovery names soared, such as Royal Caribbean by 9.51% and American Airlines by 9.42%. Volumes remain low with the Nasdaq trading at 25% of normal, and investors acknowledged late-February seasonal weakness.

In Toronto, mining stocks struck gold with New Gold leaping 13% and First Majestic Silver popping 12%. Meg Energy and Vermilion both rallied nearly 13.5%. Ahead of bank earnings this week, Royal made a new high after rising 1.18%. Suncor jumped 8.19% in heavy trading, CNQ rallied 3.34% and Crescent Point Energy soared 6.1% as the price of WCS advanced more than 5% and WTI by nearly 4%. However, Shopify pulled back 3.77%. Lastly, the price of gold rose 1.72%.

🚗 Tesla Motors Inc -8.55%
💾 Micron Technology -5.15%
🚢 Royal Caribbean Cruises +9.51%
🛫 American Airlines Group +9.42%
🥇 New Gold Inc. +13%
🥈 First Majestic Silver +12%
🛢 MEG Energy Corp +13.5%
🛢 Vermilion Energy Inc +13.5%
🏛 Royal Bank +1.18%
⚡ Suncor Energy Inc +8.19%
🛢 Canadian Natural Rsrcs +3.34%
🛢 Crescent Point Energy Corp +6.1%
🛍 Shopify Inc. -3.77%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
This Week's Stock Picks & BNN Top Picks Summary: SLF-T, TA-T and 19 Stock and 1 ETF Top Picks (Apr 25-May 01)
Melisa R. H. May 2, 2025
Weekly 52-Week Low (or 52-Week High): DPM-T, III-T, SOY-T, IPO-T and More 52-Week Highs and Lows (Apr 16-22)
Melisa R. H. April 23, 2025
3 Daring Recovery Stocks
Read Next

3 Daring Recovery Stocks

  • logo

    We’re fintech passionates that reinvest almost all our revenues into the development of Stockchase and Wealthica. We hope you enjoy Stockchase and join Premium!

  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2023)
      8.5
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)
  • Popular Posts

    • This Week's Stock Picks & BNN Top Picks Summary: SLF-T, TA-T and 19 Stock and 1 ETF Top Picks (Apr 25-May 01)
    • Weekly 52-Week Low (or 52-Week High): DPM-T, III-T, SOY-T, IPO-T and More 52-Week Highs and Lows (Apr 16-22)
    • Most Anticipated Earnings: NGT-T, WCN-T and more Canadian Companies Reporting Earnings this Week (Apr 21-25)
  • Stock Lists

    • Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA...
      November 10, 2023
    • 13 Recession-Proof Stocks for Portfolio Safety
      October 26, 2023
    • The Ultimate Top Drone Stocks List for Sky-High Returns...
      October 25, 2023
    • Top Hotel Stocks to Buy for your Growth Portfolio
      October 12, 2023
    • Which Brookfield Stock to Buy? BAM vs BN: the Inspiring...
      October 9, 2023



  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

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