{"id":175687,"date":"2020-06-22T21:59:27","date_gmt":"2020-06-22T21:59:27","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=175687"},"modified":"2020-06-22T21:59:27","modified_gmt":"2020-06-22T21:59:27","slug":"tech-highs-and-recovery-hopes-start-the-week-positively","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-highs-and-recovery-hopes-start-the-week-positively\/","title":{"rendered":"Tech highs and recovery hopes start the week positively"},"content":{"rendered":"

The week began with Nasdaq returning to the 10,000 club, rising 1.11% and Apple<\/a> and Microsoft<\/a> making new all-time highs. Those tech giants rallied 2.75% (to $359.19) and 2.74% ($200.48), respectively, while American tech names as a whole increased 1.93%.<\/p>\n

Investors gravitated to other tried-and-true growth names, including Nike<\/a>, which popped 3.89% to close just shy of $100. On the flipside, markets shed travel and leisure stocks like Norwegian Cruiselines<\/a>, which fell 6.2%. Though cases are rising in the American sunbelt, reopenings continue to fuel optimistic.<\/p>\n

However, comments, like those of new Bank of Canada governor, Tiff Macklem<\/a> are tinged with caution. In his first speech, Macklem forecasts a gradual recovery for Canada’s economy though believes the worst is behind us. He pledges to keep inflation low and stable. His words, plus the Golden Horseshoe’s phase two<\/a> reopening, helped raise the TSX by 0.28%, led by materials and tech. Barrick<\/a> popped 3.61% and Kinross<\/a> jumped 5.87% in heavy trading. One of the few non-gold winners Monday was Alaris Royalty<\/a>, which announced positive news<\/a> in its various American businesses, reflecting the U.S. recovery. Alaris, which has struggled during the pandemic, jumped 6.35%. Meanwhile, WTI climbed more than 2% to top $40\/barrel, while WCS gained nearly 3% as gold modestly rose 0.7%.<\/p>\n

🍎 Apple<\/a> +2.75%
\nⓂ Microsoft<\/a> +2.74%
\n👟 Nike Inc<\/a> +3-89%
\n🚢 Norwegian Cruise Line Holdings<\/a> -6.20%
\n🥇 Barrick Gold<\/a> +3.61%
\n🥇 Kinross Gold<\/a> +5.87%
\n🏛 Alaris Royalty<\/a> +6.35%<\/p>\n","protected":false},"excerpt":{"rendered":"

The week began with Nasdaq returning to the 10,000 club, rising 1.11% and Apple and Microsoft making new all-time highs. Those tech giants rallied 2.75% (to $359.19) and 2.74% ($200.48), respectively, while American tech names as a whole increased 1.93%. […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"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-175687","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\/175687","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=175687"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/175687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=175687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=175687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=175687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}