{"id":210081,"date":"2021-02-01T18:08:46","date_gmt":"2021-02-01T23:08:46","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=210081"},"modified":"2021-02-01T18:08:46","modified_gmt":"2021-02-01T23:08:46","slug":"february-begins-with-a-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/february-begins-with-a-rally\/","title":{"rendered":"February begins with a rally"},"content":{"rendered":"

Markets bounced back after last week’s sell-off, though the Reddit-induced short squeezed continued, keeping regulators on their toes. The TSX closed 2.05% while the Dow rose 0.77% and the S&P 1.61% as all its sectors finished higher. However, tech stocks roared back as the Nasdaq jumped 2.55%, Amazon<\/a> 4.26%, Microsoft<\/a> 3.32% and Tesla<\/a> 5.83%.<\/p>\n

The VIX tumbled 11% below 30, which is still elevated. The rally shrugged off earlier jitters as Sunday futures plunged. Healthcare lagged, though, as Walgreens<\/a> slid 2.83%. In Washington, lawmakers continue to debate the size of the next stimulus<\/a> package as a group of Republicans have put forth a US$618-billion deal, far less than President Biden’s US$1.9 trillion. Meanwhile, investors await the onslaught of tech earnings this week.<\/p>\n

In Toronto, Shopify<\/a> jumped 5.61%, Kinaxis<\/a> 5.97%, and Blackberry<\/a> 4.73%, though that’s been part of the squeeze. Outside tech, TFI International<\/a> announced another acquisition<\/a> and popped 6.45%. However, the short squeezers turned their attention to silver as the biggest gainers in Toronto where mineral stocks, including Silvercorp<\/a>, were up 25.7% and First Majestic Silver<\/a> at 23.54%. Naturally, materials soared on the TSX, as did energy and tech. The price of WTI climbed nearly 3% and WSC almost topped 5%. Gold was essentially flat, but Bitcoin climbed over 3%.<\/p>\n

📦 Amazon.com<\/a> +4.26%
\nⓂ Microsoft<\/a> +3.32%
\n🚗 Tesla Motors Inc<\/a> +5.83%
\n💊 Walgreen Boots Alliance<\/a> -2.83%
\n🛍 Shopify Inc.<\/a> +5.61%
\n💾 Kinaxis Inc<\/a> +5.97%
\n📱 BlackBerry<\/a> +4.73%
\n🚚 TFI International Inc<\/a> +6.45%
\n🥈 Silvercorp Metals Inc.<\/a> +25.7%
\n🥈 First Majestic Silver<\/a> +23.54%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets bounced back after last week’s sell-off, though the Reddit-induced short squeezed continued, keeping regulators on their toes. The TSX closed 2.05% while the Dow rose 0.77% and the S&P 1.61% as all its sectors finished higher. However, tech stocks […]<\/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-210081","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\/210081","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=210081"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/210081\/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=210081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=210081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=210081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}