{"id":206814,"date":"2021-01-11T18:06:46","date_gmt":"2021-01-11T23:06:46","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=206814"},"modified":"2021-01-11T18:06:46","modified_gmt":"2021-01-11T23:06:46","slug":"profit-taking-virus-and-twitter-pressure-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/profit-taking-virus-and-twitter-pressure-markets\/","title":{"rendered":"Profit-taking, virus and Twitter pressure markets"},"content":{"rendered":"

After hitting record highs last week, markets on both sides of the border slipped to begin the week. Reasons included Covid worries, old-fashioned profit-taking and Twitter. Late Friday, Twitter announced it was banning Trump permanently for inciting violence. More fallout from last week’s siege of Washington: Marriott, Dow and American Express joined the growing list of companies suspending donations<\/a> to Republican lawmakers who challenged Biden’s election victory.<\/p>\n

Amid this turbulence, the Nasdaq closed -1.25%, the S&P -0.66% and the Dow -0.29%. Twitter<\/a> itself fell 6.41% though big tech as a whole sold off. Apple<\/a> was down 2.32% and Facebook<\/a> lost 4%. That was nothing compared to Bitcoin which plunged as much as 21% Monday. Despite that, gold slipped 0.25%. In contrast, Eli Lilly<\/a> soared 11.74% after releasing positive test results of its Alzheimer’s<\/a> drug. ODP<\/a> Corporation jumped nearly 20% after Staples announced it would buy its parent, Office Depot.<\/p>\n

The TSX slipped 0.6%, dragged down by industrials, materials and tech. Busmaker NFI<\/a> Group was among the day’s big gainers, jumping over 15% after offering positive guidance, and cannabis continued to grow as Cronos<\/a> surged nearly 9%. The price of oil was flat Monday. Several gold names like Argonaut<\/a> and Alamos<\/a> were down around 4.5%.<\/p>\n

🐦 Twitter, Inc<\/a> -6.41%
\n🍎 Apple<\/a> -2.32%
\n🕵️‍♂️ Facebook<\/a> -4%
\n💊 Eli Lilly & Co.<\/a> +11.74%
\n💻 Office Depot<\/a> +20%
\n🚚 New Flyer Industries Inc.<\/a> +15%
\n🌿 Cronos Group Inc<\/a> +9%
\n🥇 Argonaut Gold<\/a> -4.5%
\n🥇 Alamos Gold Inc<\/a> -4.5%<\/p>\n","protected":false},"excerpt":{"rendered":"

After hitting record highs last week, markets on both sides of the border slipped to begin the week. Reasons included Covid worries, old-fashioned profit-taking and Twitter. Late Friday, Twitter announced it was banning Trump permanently for inciting violence. More fallout […]<\/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-206814","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\/206814","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=206814"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/206814\/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=206814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=206814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=206814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}