{"id":214810,"date":"2021-03-02T17:34:17","date_gmt":"2021-03-02T22:34:17","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=214810"},"modified":"2021-03-03T07:28:41","modified_gmt":"2021-03-03T12:28:41","slug":"tsx-gains-wall-street-retreats","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-gains-wall-street-retreats\/","title":{"rendered":"TSX gains, Wall Street retreats"},"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\/1183\/Dennis-da-Silva\">Dennis da Silva<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/5464\/HRT-T\"><span class=\"company-name\">Harte Gold Corp<\/span><\/a> (<strong>A Top Pick Jan 09\/19, Down 69%<\/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>Bay and Wall streets moved in opposite directions Tuesday following Monday&#8217;s monster rally. The TSX climbed 0.6% on the heels of good news. Canada&#8217;s <a href=\"https:\/\/www.bnnbloomberg.ca\/canada-s-economy-bounding-into-2021-after-9-6-quarterly-gain-1.1570923\" target=\"_blank\" rel=\"noopener\">GDP<\/a> climbed an impressive 9.6% in Q4 2020 and is expected to rise 0.5% in January and not contract, as some had feared. &#8220;Frankly stunning,&#8221; remarked TD. Nine of the 11 TSX sectors were positive, led by materials, energy and financials. <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick<\/a> rose 4.37%, <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> 2% and <a href=\"https:\/\/stockchase.com\/company\/view\/1123\/SLF-T\">Sun Life<\/a> by 2.68% in heavy trading. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/1342\/WFG-T\">West Fraser<\/a> closed -6.52% and <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> -5.42%. The price of WCS finished -0.8% and WCS -1.6%.<\/p>\n<p>The picture was different in New York as the major indices retrenched, a day after making massive gains. The Dow finished -0.46%, the S&amp;P -0.81% and the Nasdaq -1.69%, over half its Monday advance. There was no outstanding catalyst for the sell-off, since the U.S. 10-year yield actually slipped 1% to remain around 1.4%.<\/p>\n<p>Perhaps, there was profit-taking. Big tech led the retreat at <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter<\/a> fell over 5% and <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> lost 2%. Similarly, <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> shed 4.45% and <a href=\"https:\/\/stockchase.com\/company\/view\/1227\/TGT-N\">Target<\/a> slid 6.77%. However, carmakers <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford<\/a> rallied 4.76% and <a href=\"https:\/\/stockchase.com\/company\/view\/529\/GM-N\">GM<\/a> 3% in heavy trading while reopening names like <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival<\/a> popped 4.87%. Even though <a href=\"https:\/\/stockchase.com\/company\/view\/6056\/ZM-Q\">Zoom Video<\/a> reported a strong Q4 and positive forecast, the popular tech stock slid 9%. Similarly, Target reported a Q4 earnings beat, but tumbled 6.77%. Gold held steady, though <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> declined over 1%.<\/p>\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold<\/a> +4.37%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc<\/a> +2%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1123\/SLF-T\">Sun Life Financial Inc<\/a> +2.68%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/1342\/WFG-T\">West Fraser Timber<\/a> -6.52%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems<\/a> -5.42%<br \/>\n&#x1f426; <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter, Inc<\/a> -5%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> -2%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> -4.45%<br \/>\n&#x1f3ec; <a href=\"https:\/\/stockchase.com\/company\/view\/1227\/TGT-N\">Target Corp<\/a> -6.77%<br \/>\n&#x1f699; <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford Motor<\/a> +4.76%<br \/>\n&#x1f699; <a href=\"https:\/\/stockchase.com\/company\/view\/529\/GM-N\">General Motors Corporation<\/a> +3%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/226\/CCL-N\">Carnival Corp.<\/a> +4.87%<br \/>\n&#x1f4f9; <a href=\"https:\/\/stockchase.com\/company\/view\/6056\/ZM-Q\">Zoom Video Communications Inc.<\/a> -9%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -1%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Dennis da Silva, including Harte Gold Corp (A Top Pick Jan 09\/19, Down 69%) Get Premium to receive all past top picks opinions a few hours before market open. Bay and [&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-214810","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\/214810","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=214810"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/214810\/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=214810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=214810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=214810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}