The week began with U.S. markets continuing to rotate out of big tech and into the reopening trade. After a positive morning, the Nasdaq slid for the rest of the day and closed on session lows at -2.41%. To date, the tech-heavy index is down 11% and in correction territory.<\/p>\n
Apple<\/a> plunged 4.17%, Tesla<\/a> skidded 5.84% and Alphabet<\/a> tumbled 4.27%. In contrast, the Dow surged 1.15% as all the main components, except tech, enjoyed gains. Leading the rally was Disney<\/a>, soaring 6.28%, while Visa<\/a> surged 2.26%. The S&P declined 0.54%. The trigger for the tech sell-off was news from Washington. Over the weekend, the U.S. Senate passed President Biden’s US$1.9 trillion stimulus bill, which is now a step away from becoming reality. The U.S. 10-year yield inched up to 1.603%.<\/p>\n The TSX rose 0.53% despite the price of WTI oil sinking 2% and WCS by nearly 2.5%. Arc Resources<\/a> closed -2.15% and Vermilion<\/a> -3.83%. Real estate, financials, telcos and staples saw significant gains. Chorus Aviation<\/a> soared 4.7%, Canadian Apartment REIT<\/a> rallied 2.29% and Royal Bank<\/a> made new highs after advancing 1.71%. However, Shopify<\/a> sank 4.56% and Lightspeed<\/a> plunged 7.23% as the tech rout continued on this side of the border. The price of gold dipped over 1% as Bitcoin<\/a> rose 3.4%.<\/p>\n 🍎 Apple<\/a> -4.17% The week began with U.S. markets continuing to rotate out of big tech and into the reopening trade. After a positive morning, the Nasdaq slid for the rest of the day and closed on session lows at -2.41%. To date, […]<\/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-215736","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\/215736","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=215736"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/215736\/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=215736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=215736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=215736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🚗 Tesla Motors Inc<\/a> -5.84%
\n🧮 Alphabet Inc. \/ Google<\/a> -4.27%
\n👸 Walt Disney<\/a> +6.28%
\n💳 Visa Inc.<\/a> +2.26%
\n🛢 Arc Resources Ltd<\/a> -2.15%
\n🛢 Vermilion Energy Inc<\/a> -3.83%
\n🛫 Chorus Aviation Inc<\/a> +4.7%
\n🏛 Canadian Apartment Properties<\/a> +2.29%
\n🏛 Royal Bank<\/a> +1.71%
\n🛍 Shopify Inc.<\/a> -4.56%
\n💾 Lightspeed POS<\/a> -7.23%
\n🅱 The Bitcoin Fund<\/a> +3.4%<\/p>\n","protected":false},"excerpt":{"rendered":"