Monday’s session extended the market dynamics of last Friday as the TSX rose 0.21% on the strength of energy and financials, while U.S. tech stocks continued to fall. The Nasdaq plunged 2.46% though the S&P climbed 0.77% and the Dow was essentially flat. American investors were watching the U.S. benchmark 10-year treasury yield inch up to 1.37% and continued to worry about higher yields and inflation. In addition to tech, consumer discretionary also sold off as well as small caps (the Russell 2000 closed -0.69%). Bitcoin fell 7% from all-time highs.<\/p>\n
Tech heavyweight Tesla<\/a> tumbled 8.55% and Micron<\/a> slid 5.15%. However travel recovery names soared, such as Royal Caribbean<\/a> by 9.51% and American Airlines<\/a> by 9.42%. Volumes remain low with the Nasdaq trading at 25% of normal, and investors acknowledged late-February seasonal weakness.<\/p>\n In Toronto, mining stocks struck gold with New Gold<\/a> leaping 13% and First Majestic Silver<\/a> popping 12%. Meg Energy<\/a> and Vermilion<\/a> both rallied nearly 13.5%. Ahead of bank earnings this week, Royal<\/a> made a new high after rising 1.18%. Suncor<\/a> jumped 8.19% in heavy trading, CNQ<\/a> rallied 3.34% and Crescent Point Energy<\/a> soared 6.1% as the price of WCS advanced more than 5% and WTI by nearly 4%. However, Shopify<\/a> pulled back 3.77%. Lastly, the price of gold rose 1.72%.<\/p>\n 🚗 Tesla Motors Inc<\/a> -8.55% Monday’s session extended the market dynamics of last Friday as the TSX rose 0.21% on the strength of energy and financials, while U.S. tech stocks continued to fall. The Nasdaq plunged 2.46% though the S&P climbed 0.77% and the Dow […]<\/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-213401","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\/213401","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=213401"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/213401\/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=213401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=213401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=213401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Micron Technology<\/a> -5.15%
\n🚢 Royal Caribbean Cruises<\/a> +9.51%
\n🛫 American Airlines Group<\/a> +9.42%
\n🥇 New Gold Inc.<\/a> +13%
\n🥈 First Majestic Silver<\/a> +12%
\n🛢 MEG Energy Corp<\/a> +13.5%
\n🛢 Vermilion Energy Inc<\/a> +13.5%
\n🏛 Royal Bank<\/a> +1.18%
\n⚡ Suncor Energy Inc<\/a> +8.19%
\n🛢 Canadian Natural Rsrcs<\/a> +3.34%
\n🛢 Crescent Point Energy Corp<\/a> +6.1%
\n🛍 Shopify Inc.<\/a> -3.77%<\/p>\n","protected":false},"excerpt":{"rendered":"