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Wall and Bay streets sold off late Tuesday after the Republic Senate leader announced that the latest stimulus<\/a> talks between his party and the Democrats have hit an impasse. Meanwhile, the rotation out of tech stocks into cyclicals continues in light trading. By the close, the Nasdaq was -1.89%, posting its longest losing streak since early March. The S&P was -0.8%, marking its worst performance since July 23, and the Dow closed -0.38%. The FANG stocks and other tech names sold off. For instance, high-flying Zoom<\/a> plunged 7.58%. Instead, financials rallied 1.38% with JP Morgan<\/a> up 3.16%, and travel and leisure names surged. Wynn Resorts<\/a> jumped 8.36%.<\/p>\n In Toronto, Canadian stocks closed -0.61%. Like the U.S., travel names enjoyed a holiday with Chorus Aviation<\/a> soaring 8.33%, just two days ahead of its quarterly report. After enjoying gains in recent sessions, energy stocks gave back as the price of WTI and WCS slipped around 1%. However, the losses were greater in gold with the future price of gold plunging nearly 6%, the materials sector losing 5.89%, and the XGD ETF<\/a> sliding 7.5%. In notable earnings, luxury coat-maker Canada Goose<\/a> reported<\/a> a 63% drop in sales due to COVID, and the stock fell 5.67% in trading.<\/p>\n Earlier in the day markets saw a modest lift after Russia’s Putin<\/a> approved what he claimed to be the first vaccine to combat COVID-19, but the drug has undergone fewer than two months of human testing, far below the accepted global standard. Markets soon desregarded the Russian dictator<\/a> and scientists debunked his pronouncement.<\/p>\n 📹 Zoom Video Communications Inc.<\/a> -7.58% This week, you missed Past Top Picks comments by Hap (Robert) Sneddon\u00a0including Progressive Corp Ohio (A Top Pick Feb 04\/19, Up 22%) Get Premium to receive all past top picks opinions a few hours before market open. Wall and Bay […]<\/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-184011","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\/184011","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=184011"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/184011\/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=184011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=184011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=184011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🏛 JP Morgan Chase & Co<\/a> +3.16%
\n🏢 Wynne Resorts Ltd.<\/a> +8.36%
\n🛫 Chorus Aviation Inc<\/a> +8.33%
\n🏛 iShares S&P\/TSX Global Gold<\/a> -7.50%
\n🧥 Canada Goose Holdings<\/a> -5.67%<\/p>\n","protected":false},"excerpt":{"rendered":"