{"id":201002,"date":"2020-11-25T18:01:29","date_gmt":"2020-11-25T23:01:29","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=201002"},"modified":"2020-11-25T18:01:29","modified_gmt":"2020-11-25T23:01:29","slug":"markets-cool-off-after-historic-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-cool-off-after-historic-rally\/","title":{"rendered":"Markets cool off after historic rally"},"content":{"rendered":"<p>After two strong days of gains, lifted by positive vaccine news and the belated transition of U.S. President-elect Joe Biden into the White House, markets slightly sold off Wednesday. The Dow closed -0.58% and the S&amp;P -0.16% though the latter has soared 11% so far in November.<\/p>\n<p>In contrast, tech stayed above water as the Nasdaq gained 0.47% and smashed to a new high. On the Dow, industrials and energy took the biggest hit. Dow slid 2.39% and <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron<\/a> fell 3.39%. Reports of <a href=\"https:\/\/finance.yahoo.com\/news\/slack-soars-report-salesforce-held-171955787.html\" target=\"_blank\" rel=\"noopener\">Salesforce<\/a> in talks to buy Slack, pressured <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">CRM<\/a> down 5.37%. The <a href=\"https:\/\/finance.yahoo.com\/video\/gap-down-hours-225305748.html\" target=\"_blank\" rel=\"noopener\">Gap<\/a> plunged nearly 20% after missing earnings, as reported late Tuesday. Meanwhile, Canadian weed stocks continue to climb in the States as <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> gained another 2.34%.<\/p>\n<p>In Toronto, the 2% spike in WTI and 4% leap in WCS, based on a surprise <a href=\"https:\/\/www.cnbc.com\/2020\/11\/25\/oil-markets-coronavirus-us-crude-stockpiles.html\" target=\"_blank\" rel=\"noopener\">inventory<\/a> drop, helped lift the TSX by 0.24%. Materials and tech led gains, while <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> popped 7% and <a href=\"https:\/\/stockchase.com\/company\/view\/2836\/CJT-T\">CargoJet<\/a> climbed 5.4%. Gold names staged a recovery after recent selling. <a href=\"https:\/\/stockchase.com\/company\/view\/5040\/LUG-T\">Lundin<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/1463\/AGI-T\">Alamos<\/a> each rose over 4%. Names like <a href=\"https:\/\/stockchase.com\/company\/view\/2403\/BAM-N\">Brookfield Assest Management<\/a> gave back 3.38% after soaring in this recent rally. Green energy continued to surge, fulled by Joe Biden&#8217;s embrace of renewable energy. <a href=\"https:\/\/stockchase.com\/company\/view\/876\/NPI-T\">Northland Power<\/a> popped 3% for the day. The price of gold remained flat, though Bitcoin cracked $19,000.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron Texaco<\/a> -3.39%<br \/>\n&#x1f4a8; <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">SalesForce.com Inc.<\/a> -5.37%<br \/>\n&#x1f9e2; <a href=\"https:\/\/stockchase.com\/company\/view\/537\/GPS-N\">Gap<\/a> -20%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria Inc<\/a> +2.34%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> +7%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/2836\/CJT-T\">Cargojet Inc<\/a> +5.4%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/5040\/LUG-T\">Lundin Gold Inc.<\/a> +4%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/1463\/AGI-T\">Alamos Gold Inc<\/a> +4%<br \/>\n&#x1f3d8; <a href=\"https:\/\/stockchase.com\/company\/view\/2403\/BAM-N\">Brookfield Asset Management Inc.<\/a> -3.38%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/876\/NPI-T\">Northland Power Inc<\/a> +3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After two strong days of gains, lifted by positive vaccine news and the belated transition of U.S. President-elect Joe Biden into the White House, markets slightly sold off Wednesday. The Dow closed -0.58% and the S&amp;P -0.16% though the latter [&hellip;]<\/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-201002","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\/201002","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=201002"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/201002\/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=201002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=201002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=201002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}