{"id":218153,"date":"2021-03-24T20:22:09","date_gmt":"2021-03-25T00:22:09","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=218153"},"modified":"2021-03-24T20:22:09","modified_gmt":"2021-03-25T00:22:09","slug":"stocks-slide-into-the-close","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-slide-into-the-close\/","title":{"rendered":"Stocks slide into the close"},"content":{"rendered":"

A choppy Wednesday session saw the indices trading positively for the day until the dying minutes. The Dow closed flat, but the S&P finished -0.55% and the TSX -0.22%, while the Nasdaq plunged 2%. Zoom Video<\/a> (-7.3%), Peloton<\/a> (-10.2%) and DocuSign<\/a> (-4.57%) helped draft the Nasdaq down. Also, Tesla<\/a> lost 4.82% and Etsy<\/a> tumbled 9.33%.<\/p>\n

Tech stocks were so hard hit that Adobe<\/a> slid 1.89% despite reporting a convincing a rosy forecast and revenue and earnings beats. Performing better were the rails, including Kansas City Southern<\/a>, 2.94%, enjoying the afterglow of CPR’s proposed takeover, and Union Pacific<\/a>, climbing 2.33%. A ship blocking the Suez Canal, propelled oil stocks with ConocoPhillips<\/a> jumping 2.9%. The Reddit short trade may be in the final innings as GameStop<\/a> plunged nearly 34% after reporting a disappointing quarter, but also refusing to issue any guidance or turnaround plan.<\/p>\n

In Toronto, energy soared on the Suez news (expected to be short-lived) while tech slid. Gainers included Vermilion Energy<\/a> up 6.25%, Imperial Oil<\/a> 5.15% and Crescent Point Energy<\/a> 4.67%. Losers: Shopify<\/a> at -4.87%, Lightspeed POS<\/a> -5.98% and Lithium Americas<\/a> -7.58%. The price of WTI soared 5.18% and WCS leapt 6.71%. Gold ticked up by nearly 0.5% while Bitcoin<\/a> retreated 1.4%. Considering tech’s woes today, the U.S. 10-year surprisingly moved down by 1.47% to 1.614%.<\/p>\n

📹 Zoom Video Communications Inc.<\/a> -7.3
\n🚲 Peloton Interactive<\/a> -10.2%
\n🖋 Docusign<\/a> -4.57%
\n🚗 Tesla Motors Inc<\/a> -4.82%
\n🛍 Etsy Inc.<\/a> -9.33%
\n💾 Adobe Systems<\/a> -1.89%
\n🚂 Kansas City Southern<\/a> +2.94%
\n🚂 Union Pacific Corp<\/a> +2.33%
\n🛢 ConocoPhillips<\/a> +2.9%
\n🎮 GameStop Corp.<\/a> -34%
\n🛢 Vermilion Energy Inc<\/a> +6.25%
\n🛢 Imperial Oil<\/a> +5.15%
\n🛢 Crescent Point Energy Corp<\/a> +4.67%
\n🛍 Shopify Inc.<\/a> -4.87%
\n💿 Lightspeed POS<\/a> -5.98%
\n🥈 Lithium Americas Corp<\/a> -7.58%
\n🅱 The Bitcoin Fund<\/a> -1.4%<\/p>\n","protected":false},"excerpt":{"rendered":"

A choppy Wednesday session saw the indices trading positively for the day until the dying minutes. The Dow closed flat, but the S&P finished -0.55% and the TSX -0.22%, while the Nasdaq plunged 2%. Zoom Video (-7.3%), Peloton (-10.2%) and […]<\/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-218153","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\/218153","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=218153"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/218153\/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=218153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=218153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=218153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}