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Markets sharply sold off Friday to end a week which saw several new highs. The tech-heavy Nasdaq slid 1.79% as all three major American indices closed the week lower during its weakest session so far this month to. It was the worst day since Jan. 31 for the S&P.<\/p>\n
The lasting impact of the coronavirus<\/a> finally hit investors, with reports of containment inside China but expansion beyond the Middle Kingdom. Big tech stocks were hit the hardest: Microsoft<\/a> sank 3%, Amazon<\/a> down 2.62% and Apple<\/a> shedding 2.42%. Semis, like AMD<\/a>, plunged nearly 7%.<\/p>\n The sell-off was less severe in Canada with the TSX declining 0.56%. Tech, industrials and energy were the hardest hit as materials outshone all other sectors. The risk-off sentiment meant that money flowed into defensives, particularly renewable utilities like Ballard Power<\/a>, jumping 2.36% Friday. Another big gainer was Royal Bank<\/a>, the first of the big Canadian banks to report this month. Royal’s latest report beat the street with its Capital Markets unit boasting record revenues<\/a> in the first fiscal quarter. Fees from investment banking soared 82% YOY, while fixed-income trading more than doubled. Investors rewarded RY-T with a 1.11% gain to push the stock near 52-week highs.<\/p>\n 🌐 Microsoft<\/a> -3% This week, you missed Past Top Picks comments by David Fingold including Keysight Technologies Inc. (A Top Pick Dec 27\/18, Up 74%) Get Premium to receive all past top picks opinions a few hours before market open. Markets sharply sold […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-148875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/148875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=148875"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/148875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=148875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=148875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=148875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛍 Amazon.com<\/a> -2.62%
\n🍎 Apple<\/a> -2.42%
\n💿 Advanced Micro Devices<\/a> -7%
\n⚡ Ballard Power Systems<\/a> +2.36%
\n🏛 Royal Bank<\/a> +1.11%<\/p>\n","protected":false},"excerpt":{"rendered":"