{"id":216690,"date":"2021-03-15T19:51:17","date_gmt":"2021-03-15T23:51:17","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=216690"},"modified":"2021-03-15T19:51:17","modified_gmt":"2021-03-15T23:51:17","slug":"tech-climbs-as-growth-hits-record-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-climbs-as-growth-hits-record-highs\/","title":{"rendered":"Tech climbs as growth hits record highs"},"content":{"rendered":"<p>The trading week began on a quiet note, but finished upwards among tech as well as reopening stocks. The Dow added 0.53% and the S&amp;P 0.64% to both crack new record highs, while the TSX advanced 0.55% to make its own high. As the 10-year yield slipped over 1.5% to 1.607%, the Nasdaq regained over 1%.<\/p>\n<p>On Wall Street, travel names rallied, including <a href=\"https:\/\/stockchase.com\/company\/view\/785\/MGM-N\">MGM<\/a> by 5%, <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines<\/a> at 7.7% and <a href=\"https:\/\/stockchase.com\/company\/view\/2643\/LVS-N\">Las Vegas Sands<\/a> by 6%. Retailers like the <a href=\"https:\/\/stockchase.com\/company\/view\/537\/GPS-N\">Gap<\/a> rose 4.48%. Some tech names rebounded after stagnating lately. <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> popped 2.45% in robust volumes while <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> advanced 2.05%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/729\/LLY-N\">Eli Lilly<\/a> plunged 9% after the street was disappointed by its latest <a href=\"https:\/\/finance.yahoo.com\/m\/71ec2ca2-df43-324a-91e8-9126ff05f5bb\/eli-lilly-shares-fall-after.html\" target=\"_blank\" rel=\"noopener\">Alzheimer<\/a>&#8216;s drug results, though the company defends them.<\/p>\n<p>In Toronto, materials and tech led, though energy and financial lagged. Big gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/4321\/ROXG-T\">Roxgold<\/a>, up 11.76%, and <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> up 10.87%. <a href=\"https:\/\/stockchase.com\/company\/view\/5163\/KXS-T\">Kinaxis<\/a> as well as <a href=\"https:\/\/stockchase.com\/company\/view\/1668\/BAD-T\">Badger Daylighting<\/a> popped 5.61%. Tech rookie, <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a>, gained another 4.63%. Telcos saw the biggest gains of the day after Rogers announced it was buying Shaw Communications. The deal made headlines, though it had been rumoured for years. <a href=\"https:\/\/stockchase.com\/company\/view\/1119\/SJRB-T\">Shaw<\/a> stock soared over 41%, though <a href=\"https:\/\/stockchase.com\/company\/view\/1026\/RCIB-T\">Rogers<\/a> climbed 3.39%. The deal is no slam-dunk, however, because Ottawa needs to approve it in the coming months, and Canadians pay notoriously high internet and cell phone fees, because of a lack of competition among the telcos. Meanwhile, the price of oil slipped 0.35-0.5% in Canada and America, while gold inched up 0.6% and <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> dropped 5.7%.<\/p>\n<p>&#x1f3e2; <a href=\"https:\/\/stockchase.com\/company\/view\/785\/MGM-N\">MGM Mirage<\/a> +5%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines Group<\/a> +7.7%<br \/>\n&#x2660; <a href=\"https:\/\/stockchase.com\/company\/view\/2643\/LVS-N\">Las Vegas Sands Corp.<\/a> +6%<br \/>\n&#x1f9e2; <a href=\"https:\/\/stockchase.com\/company\/view\/537\/GPS-N\">Gap<\/a> +4.48%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +2.45%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> +2.05%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/company\/view\/729\/LLY-N\">Eli Lilly &amp; Co.<\/a> -9%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/4321\/ROXG-T\">Roxgold Inc<\/a> +11.76%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria Inc<\/a> +10.87%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/5163\/KXS-T\">Kinaxis Inc<\/a> +5.61%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/1668\/BAD-T\">Badger Daylighting<\/a> +5.61%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> +4.63%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1119\/SJRB-T\">Shaw Communication (B)<\/a> +41%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1026\/RCIB-T\">Rogers Communications (B)<\/a> +3.39%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -5.7%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading week began on a quiet note, but finished upwards among tech as well as reopening stocks. The Dow added 0.53% and the S&amp;P 0.64% to both crack new record highs, while the TSX advanced 0.55% to make its [&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-216690","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\/216690","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=216690"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/216690\/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=216690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=216690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=216690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}