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The TSX was closed Monday for the holidays, but Wall Street was rallied to new highs after Trump reversed himself over the weekend and signed the long-awaited stimulus aid bill. The Dow closed up 0.68%, the S&P 0.87% and the Nasdaq 0.74% in a rally that stretched across the board, though small-caps slipped as the Russell 2000 finished -0.38%.
The FAANG stocks enjoyed another tailwind as the Chinese government continues its so-called crackdown on Alibaba. BABA founder, Jack Ma, is openly critical of his government, which is now biting back. Apple and Facebook both surged nearly 3.6% as Disney made another new high after climbing 2.95%. BABA on the Nasdaq actually rose 0.27%. However, stay-at-home winner, Etsy, plunged 6.41%.
Elsewhere, recovery stock, American Airlines, climbed 2.55%. Over the holidays, Bitcoin has soared to new records, flirting with $27,000 at Monday’s close and was up 1% for the day.
🍎 Apple +3.6%
🕵️♂️ Facebook +3.6%
👸 Walt Disney +2.95%
🛍 Etsy Inc. -6.41%
🛫 American Airlines Group +2.55%
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