{"id":178308,"date":"2020-07-09T23:07:28","date_gmt":"2020-07-09T23:07:28","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=178308"},"modified":"2020-07-09T23:07:28","modified_gmt":"2020-07-09T23:07:28","slug":"tech-hits-new-record-as-markets-retreat","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-hits-new-record-as-markets-retreat\/","title":{"rendered":"Tech hits new record as markets retreat"},"content":{"rendered":"

Another day, another Nasdaq record high. On Thursday, the tech-heavy index gained 0.53% to close at 10,547, though the S&P slumped 0.56% and the Dow fell 1.39%, partially because Walgreens<\/a> announced it was laying off<\/a> more than 4,000 employees and halting share buybacks as a result of COVID.<\/p>\n

Walgreen<\/a> shares plunged 7.76%. Raytheon<\/a> also sold off, down 4.75%. Investors got jittery over reports of COVID cases persisting in America’s south and west. Though former epicenter New York City is expanding its reopening and the American death rate <\/a>is declining, sunbelt<\/a> states including Florida, Texas and California continue to see rising numbers of cases. Money continued to pour into tech with AMD leaping over 7%.<\/p>\n

The TSX fared a little better than New York, slipping only 0.39%, dragged down by financials and especially energy. Rising oil inventories and fears of a slower-than-expected American recovery pushed WTI prices down 3% and WCS twice as much. However, gold names continue to march up with Marathon<\/a> soaring 9.28%, though the rock itself remained around $1,800\/ounce. Aritzia<\/a>‘s Q1 report boasted a rise in online sales of over 150%. The stock rallied 3.05%. Another notable gainer was AlimentationCouche-Tard<\/a> which spiked nearly 4%.<\/p>\n

💊 Walgreen Boots Alliance<\/a> -7.76%
\n💻 Raytheon<\/a> -4.75%
\n💿 Advanced Micro Devices<\/a> +7%
\n🥇 Marathon Gold Corp<\/a> +9.28%
\n👗 Aritzia Inc.<\/a> +3.05%
\n🏪 Alimentation Couche-Tard (B)<\/a> +4%<\/p>\n","protected":false},"excerpt":{"rendered":"

Another day, another Nasdaq record high. On Thursday, the tech-heavy index gained 0.53% to close at 10,547, though the S&P slumped 0.56% and the Dow fell 1.39%, partially because Walgreens announced it was laying off more than 4,000 employees and […]<\/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-178308","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\/178308","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=178308"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/178308\/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=178308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=178308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=178308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}