{"id":198795,"date":"2020-11-11T19:32:17","date_gmt":"2020-11-12T00:32:17","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=198795"},"modified":"2020-11-11T19:32:17","modified_gmt":"2020-11-12T00:32:17","slug":"tech-bounces-back","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-bounces-back\/","title":{"rendered":"Tech bounces back"},"content":{"rendered":"

Investors returned to the familiar playbook of piling into big tech, pumping the Nasdaq 2% on Wednesday, though the S&P gained 0.77% and the Dow shed a few points to stay essentially flat. Amazon<\/a> popped 3.37% and Apple<\/a> regained 3% in heavy trading.<\/p>\n

Winners in the recent vaccine rally gave back some of their huge gains; American Airlines<\/a> closed -2.75%. Tech was the lone bright spot on the Dow as industrials like Boeing<\/a> sank 3.47% and American Express<\/a> lost over 4%. The vaccine rally has now passed as the rising number of Covid cases weighs on investors’ minds. Gold continue to lose ground, shedding $12 while the price of WTI and WCS rose modestly.<\/p>\n

The TSX closed 0.85%. Tech led, popping 3.54%, followed by telcos and real estate, though energy showed modest gains. Only materials closed in the red. Shopify<\/a> soared 7.17%, though Great Canadian Gaming<\/a> was Wednesday’s big gainer, skyrocketing 34.56% after Apollo Funds bought it for $39\/share. Linamar<\/a> soared 16% after releasing a blow-out Q3 and doubling its dividend. Aurora Cannabis<\/a> fell back about 7% in heavy trading after it announced a $125 share offering<\/a>, as CNQ<\/a> rose nearly 3%. Canadian Apartment REIT<\/a> leapt 5.18%, trading at double its normal volumes, while Air Canada<\/a> gave back 4.47% of its recent gains. After the bell, Moderna announced that initial data about its vaccine will soon be released.<\/p>\n

📦 Amazon.com<\/a> +3.37%
\n🍎 Apple<\/a> +3%
\n🛫 American Airlines Group<\/a> -2.75%
\n🛫 Boeing<\/a> -3.47%
\n💳 American Express<\/a> -4%
\n🛍 Shopify Inc.<\/a> +7.17%
\n♠ Great Canadian Gaming Corp<\/a> +34.56%
\n🚗 Linamar Corp<\/a> +16%
\n🌿 Aurora Cannabis<\/a> -7%
\n🛢 Canadian Natural Rsrcs<\/a> +3%
\n🏛 Canadian Apartment Properties<\/a> +5.18%
\n🛫 Air Canada<\/a> -4.47%<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors returned to the familiar playbook of piling into big tech, pumping the Nasdaq 2% on Wednesday, though the S&P gained 0.77% and the Dow shed a few points to stay essentially flat. Amazon popped 3.37% and Apple regained 3% […]<\/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-198795","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\/198795","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=198795"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/198795\/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=198795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=198795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=198795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}