On Thursday, American stocks extended the inauguration rally but only modestly, while the TSX fell nearly 100 points. The Dow closed slightly negative, while the Nasdaq and S&P inched up 0.55% and 0.03% respectively to make new closing record highs.<\/p>\n
Investors fell back on the tech trade as Apple<\/a> jumped 2.67% and AMD<\/a> advanced 3.34%. Sentiment was also fed by earnings season. According to CNBC, of the American companies reporting Q4 so far, 87% were beating the street, with a 19% average beat. President Biden<\/a>‘s campaign to promote mask wearing and mass deploy vaccines is helping sentiment, despite supply constraints. In contrast, airlines took a hit as United Airlines’ Q4 report<\/a> missed and its CEO admitted that the impact of Covid hit them harder than expected. UAL<\/a> plunged 5.73% and dragged down its peers, including Delta<\/a> by 2.28%.<\/p>\n That sentiment spilled over to Air Canada<\/a> which dipped 3.76%. The TSX itself slipped 0.55% as energy lagged. Biden’s decision to halt the Keystone XL pipeline continues to reverberate in Canadian energy as Alberta<\/a>‘s premier urges sanctions against the U.S., though that appears doubtful. TC Energy<\/a> itself actually rose 2.34% after analyst upgrades. However, Canada Goose<\/a> fell 5.62% after a downgrade. In vaccine news, Pfizer is slashing the volume of vaccines<\/a> it will ship to Canada in the short term, and Ottawa is accusing the drugmaker of singling out Canada. Pfizer shares were flat for the day. Lastly, Bitcoin continues to bounce wildly, plunging 8.5%.<\/p>\n 🍎 Apple<\/a> +2.67% On Thursday, American stocks extended the inauguration rally but only modestly, while the TSX fell nearly 100 points. The Dow closed slightly negative, while the Nasdaq and S&P inched up 0.55% and 0.03% respectively to make new closing record highs. […]<\/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-208493","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\/208493","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=208493"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/208493\/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=208493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=208493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=208493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💿 Advanced Micro Devices<\/a> +3.34%
\n🛫 United Airlines Holdings<\/a> -5.73%
\n🛫 Delta Air Lines Inc<\/a> -2.28%
\n🛫 Air Canada<\/a> -3.76%
\n🛢 TC Energy<\/a> +2.34%
\n🧣 Canada Goose Holdings<\/a> -5.62%<\/p>\n","protected":false},"excerpt":{"rendered":"