Markets began the week see-sawing between early-morning highs, midday dips and a recovery by the closing bell. A number of forces were at play to bring the S&P to a close of 0.36%, the Dow -0.12%, the Nasdaq 0.69% and the TSX at 0.34%. Moderna announced that its existing vaccine is effective against more virulent strains of Covid.<\/p>\n
Moderna<\/a> stock shot up 12.2%. In contrast, Merck<\/a> dropped out of the vaccine race based on weak trial results, and those share finished 0.21%. Also, places across Canada, the U.S. and Europe are announcing a plateauing of cases and a modest repeal of lockdown measures, though all governments remain cautious. Meanwhile, Wall Street is concerned over how large and how long it will take to pass President Biden’s stimulus package.<\/p>\n Another factor at play was earnings season. Investors pushed big tech names up ahead of reports this week. Apple<\/a> rose 2.77% to new highs, just shy of $143 as Microsoft<\/a> gained 1.58%. Elsewhere, cinema owners AMC<\/a> soared nearly 26% after announcing it was staving off bankruptcy<\/a>. Then there was Gamestop. The videogame retailer more than doubled its share price on Monday, before falling back to Earth. Even then, Gamestop<\/a> jumped over 18% on Monday, propelled by an explosive short squeeze<\/a> that was hatched on a Reddit group and which many feel is unsustainable. The short squeeze also hit BlackBerry<\/a> which leapt 28.33%. BB’s performance made tech the leading sector on the TSX, followed by industrials and telcos. UPS sold its freight<\/a> unit to TFI<\/a>, which popped 32.25%.<\/p>\n 💉 Moderna<\/a> +12.2% Markets began the week see-sawing between early-morning highs, midday dips and a recovery by the closing bell. A number of forces were at play to bring the S&P to a close of 0.36%, the Dow -0.12%, the Nasdaq 0.69% and […]<\/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-208901","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\/208901","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=208901"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/208901\/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=208901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=208901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=208901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💊 Merck & Company<\/a> +0.21%
\n🍎 Apple<\/a> +2.77%
\nⓂ Microsoft<\/a> +1.58%
\n🎞 AMC Entertainment Holdings Inc.<\/a> +26%
\n🎮 GameStop Corp.<\/a> +18%
\n📱 BlackBerry<\/a> +28.33%
\n🚚 TFI International Inc<\/a> +32.25%<\/p>\n","protected":false},"excerpt":{"rendered":"