{"id":222387,"date":"2021-04-19T17:44:40","date_gmt":"2021-04-19T21:44:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=222387"},"modified":"2021-04-19T17:44:40","modified_gmt":"2021-04-19T21:44:40","slug":"markets-pull-back-after-recent-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-pull-back-after-recent-highs\/","title":{"rendered":"Markets pull back after recent highs"},"content":{"rendered":"<p>After Friday&#8217;s record highs, New York and Toronto indices pared back those gains Monday before the heart of earnings season arrives. The Nasdaq surrendered nearly 1%, the S&amp;P about half that and the Dow a third. Energy was modestly up, industrials were down and other Dow components were decidedly mixed.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> dipped 1.62%, <a href=\"https:\/\/stockchase.com\/company\/view\/6725\/VIAC-Q\">ViacomCBS<\/a> shed 2.41% and Intel slipped 1.73%. <a href=\"https:\/\/stockchase.com\/company\/view\/835\/MS-N\">Morgan Stanley<\/a> rose 1.83% and <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix<\/a> climbed 1.45% ahead of earnings. However, <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> grabbed headlines after self-driving car crashed and killed two people, and the stock plunged 3.4%. After sliding on the weekend, <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> recovered nearly 1% to finish above US$56,200. Also gaining was the U.S. 10-year yield by 1.75% to 1.601%.<\/p>\n<p>In Toronto, the TSX retreated 0.76% with only staples and telcos showing any strength. Tech was especially hit as <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> fell 5.17% and <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> 3.61%. Also sliding were <a href=\"https:\/\/stockchase.com\/company\/view\/3730\/PIF-T\">Polaris Infrastructure<\/a>, down 5.4% and <a href=\"https:\/\/stockchase.com\/company\/view\/616\/INE-T\">Innergex Renewable<\/a> down 4.7%. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/3909\/CMMC-T\">Copper Mountain Mining<\/a> surged 7.41% and <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">Organigram Holdings<\/a> grew 4.14%. Though energy stocks lost ground, the price of crude WTI rose nearly 0.5% while WCS advanced even further. After the bell, investors were busy digesting the first federal budget in two years.<\/p>\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> -1.62%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/6725\/VIAC-Q\">ViacomCBS<\/a> -2.41%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/835\/MS-N\">Morgan Stanley<\/a> +1.83%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix Inc.<\/a> +1.45%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> -3.4%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> +1%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc.<\/a> -5.17%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> -3.61%<br \/>\n&#x267b; <a href=\"https:\/\/stockchase.com\/company\/view\/3730\/PIF-T\">Polaris Infrastructure<\/a> -5.4%<br \/>\n&#x267b; <a href=\"https:\/\/stockchase.com\/company\/view\/616\/INE-T\">Innergex Renewable Energy<\/a> -4.7%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/3909\/CMMC-T\">Copper Mountain Mining<\/a> +7.41%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">OrganiGram Holdings Inc.<\/a> +4.14%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Friday&#8217;s record highs, New York and Toronto indices pared back those gains Monday before the heart of earnings season arrives. The Nasdaq surrendered nearly 1%, the S&amp;P about half that and the Dow a third. Energy was modestly up, [&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-222387","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\/222387","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=222387"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/222387\/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=222387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=222387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=222387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}