{"id":206386,"date":"2021-01-07T17:09:39","date_gmt":"2021-01-07T22:09:39","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=206386"},"modified":"2021-01-07T17:09:39","modified_gmt":"2021-01-07T22:09:39","slug":"tech-and-tsx-rally-on-the-blue-wave","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-and-tsx-rally-on-the-blue-wave\/","title":{"rendered":"Tech and TSX rally on the Blue Wave"},"content":{"rendered":"<p>The day after Trump encouraged his supporters to storm Capitol Hill, markets rallied. As the National Guard restored order to Washington after Wednesday&#8217;s closing bell, the Democrats won the second Georgia senate seat to ensure their &#8220;blue wave&#8221; domination of the White House, the House and the Senate. This paves the way for president-elect Joe Biden to execute his agenda.<\/p>\n<p>Thursday markets reacted by extended their Wednesday rally, but most notably tech recovered its losses&#8211;the Nasdaq soared 2.56% to break 13,000 for the first time. <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> rose 3.5% as the heaviest-traded stock while <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> followed, up 5.45%. Facebook and Twitter banned <a href=\"https:\/\/www.cnn.com\/2021\/01\/07\/tech\/facebook-trump-restrictions\/index.html\" target=\"_blank\" rel=\"noopener\">Trump<\/a> from posting further lies about election fraud. <a href=\"https:\/\/stockchase.com\/META-Q\">FB<\/a> rose 2%, but <a href=\"https:\/\/stockchase.com\/TWTR-N\">Twitter<\/a> shed 1.75%. Meanwhile, Elon Musk overtook Jeff Bezos as the planet&#8217;s richest human as <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> rocketed nearly 8%. All that paled next to Bitcoin which leapt over 6% to nearly reach $40,000. All Dow components enjoyed gains, though consumer names were mixed.<\/p>\n<p>Also breaking new highs was the TSX, which popped 1.11% to close at 18,025. <a href=\"https:\/\/stockchase.com\/LAC-T\">Lithium Americas<\/a>\u00a0 leapt nearly 18%, <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power Systems<\/a> jumped 15.68%, and <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify<\/a> rallied 6.89%. Like Facebook, Shopify is reacting to Wednesday&#8217;s siege. SHOP is banning shops on that sell <a href=\"https:\/\/finance.yahoo.com\/news\/shopify-pulls-donald-trump-stores-164332746.html\" target=\"_blank\" rel=\"noopener\">Trump<\/a> swag and Trump&#8217;s own brand. Tech, industrials and energy led the Toronto rally while staples and telcos lagged. Weed stocks continued to bloom in the wake of the Blue Wave as <a href=\"https:\/\/stockchase.com\/APHA-T\">Aphria<\/a> gained 2.45%. Other winners included <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a>, up 5.05%, and <a href=\"https:\/\/stockchase.com\/ENB-T\">Enbridge<\/a>, rising 2.35%.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> +3.5%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices<\/a> +5.45%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/META-Q\">Facebook<\/a> +2%<br \/>\n&#x1f426; <a href=\"https:\/\/stockchase.com\/TWTR-N\">Twitter, Inc<\/a> -1.75%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc<\/a> +8%<br \/>\n&#x1f948; Lithium Americas Corp +18%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power Systems<\/a> +15.68%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify Inc.<\/a> +6.89%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/APHA-T\">Aphria Inc<\/a> +2.45%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> +5.05%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/ENB-T\">Enbridge<\/a> +2.35%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The day after Trump encouraged his supporters to storm Capitol Hill, markets rallied. As the National Guard restored order to Washington after Wednesday&#8217;s closing bell, the Democrats won the second Georgia senate seat to ensure their &#8220;blue wave&#8221; domination of [&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-206386","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\/206386","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=206386"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/206386\/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=206386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=206386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=206386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}