{"id":208675,"date":"2021-01-22T17:35:05","date_gmt":"2021-01-22T22:35:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=208675"},"modified":"2021-01-23T08:05:45","modified_gmt":"2021-01-23T13:05:45","slug":"markets-decline-to-close-a-record-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-decline-to-close-a-record-week\/","title":{"rendered":"Markets decline to close a record week"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/119\/Peter-Hodson\">Peter Hodson<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/MU-Q\"><span class=\"company-name\">Micron Technology<\/span><\/a> (<strong>A Top Pick Feb 20\/19, Up 41%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Friday markets lost some ground, but closed positive for the week which saw record highs during the Biden inauguration. Worries over <a href=\"https:\/\/www.independent.co.uk\/news\/uk\/home-news\/covid-uk-news-update-deaths-latest-lockdown-vaccine-b1791083.html\" target=\"_blank\" rel=\"noopener\">Covid<\/a> lockdowns, vaccine distribution, and Biden&#8217;s forthcoming stimulus package hitting resistance weighed on investors&#8217; minds. There was also profit-taking, and volumes were light. The Dow finished the session -0.57%, the S&amp;P -0.31% and the Nasdaq was essentially flat at 0.09%. Industrials and financials lagged on the Dow while consumer and healthcare were mixed.<\/p>\n<p>Slamming tech stocks were <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> and <a href=\"https:\/\/stockchase.com\/IBM-N\">IBM<\/a> which sank 9.29% and 9.91% respectively after issuing uneven-to-weak <a href=\"https:\/\/finance.yahoo.com\/video\/ibm-earnings-reveal-two-major-163851233.html\" target=\"_blank\" rel=\"noopener\">reports<\/a>. In contrast, <a href=\"https:\/\/stockchase.com\/BBBY-Q\">Bed Bath &amp; Beyond<\/a> jumped 10.8% today, <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power<\/a> climbed 4%, and <a href=\"https:\/\/stockchase.com\/GME-N\">Gamestop<\/a> <a href=\"https:\/\/finance.yahoo.com\/video\/teslas-too-high-buy-now-213933652.html\" target=\"_blank\" rel=\"noopener\">rocketed<\/a> 51%.<\/p>\n<p>The TSX finished -0.39% but well off the day&#8217;s lows. Tech names shined. <a href=\"https:\/\/stockchase.com\/SW-T\">Sierra Wireless<\/a> leapt 17.25% after announcing that it expected its Q4 and Q1 to beat revenue expectations. Meanwhile, <a href=\"https:\/\/stockchase.com\/BB-T\">Blackberry<\/a> continued its recent rally by leaping 10.45%, and <a href=\"https:\/\/stockchase.com\/DCBO-T\">Docebo<\/a> rose 7.79%. In contrast, energy names slid 2% and financials showed weakness. <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> closed -3.74% and <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point<\/a> -4.76%. The price of WTI slid 2% and WCS by 2.4%. <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora Cannabis<\/a> announced a share offering and fell as much as 7%, though closed -3.9%. Though the TSX topped 18,000 on Wednesday, the index lost ground for the week by 64 points to close 17,845.<\/p>\n<p>&#x1f4bf; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> -9.29%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/IBM-N\">IBM<\/a> -9.91%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/BBBY-Q\">Bed Bath &amp; Beyond<\/a> +10.8%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power Systems<\/a> +4%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/GME-N\">GameStop Corp.<\/a> +51%<br \/>\n&#x1f310; <a href=\"https:\/\/stockchase.com\/SW-T\">Sierra Wireless<\/a> +17.25%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> +10.45%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/DCBO-T\">Docebo Inc.<\/a> +7.79%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy<\/a> -3.74%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp<\/a> -4.76%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora Cannabis<\/a> -3.90%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Peter Hodson, including Micron Technology (A Top Pick Feb 20\/19, Up 41%) Get Premium to receive all past top picks opinions a few hours before market open. Friday markets lost some [&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-208675","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\/208675","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=208675"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/208675\/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=208675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=208675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=208675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}