{"id":225360,"date":"2021-05-06T18:03:27","date_gmt":"2021-05-06T22:03:27","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=225360"},"modified":"2021-05-06T18:03:27","modified_gmt":"2021-05-06T22:03:27","slug":"stocks-rally-at-the-close-dow-hits-record","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-rally-at-the-close-dow-hits-record\/","title":{"rendered":"Stocks rally at the close, Dow hits record"},"content":{"rendered":"

After a morning sell-off, stocks rallied towards the end of Thursday’s session until the Dow made another record close at 34,548. The Dow rose 0.93%, fueled by an upbeat weekly jobless claim in the U.S. The S&P rose 0.82% on the heels of Apple<\/a> gaining 1.28% and Microsoft<\/a> by 1.32% in heavy trading. However, that was offset by the vaccine-makers sliding as a group after President Biden announced plans to waive patents on the Covid-19 shots to open access to jabs in the world’s poorer nations.<\/p>\n

Pfizer<\/a> declined nearly 2%. Meanwhile, it looked like another day of losses for tech stocks until the dying minutes of the session when the Nasdaq climbed into the positive by 0.37%. Activision Blizzard<\/a> jumped 3.27%.<\/p>\n

The TSX nearly broken even, and closed at -0.1%. Materials and energy rallied while tech lagged. Notable movers included Arc Resources<\/a>, up 8.52%, Western Copper and Gold<\/a> at 7.12% and Linamar<\/a> at 6.38%. Lifecos Manulife and Sun Life reported impressive quarters, but investors drove MFC<\/a> shares down 3.38%, though SLF<\/a> eked out a 0.2% gain. Similarly, cannabis stocks had a rough ride with Tilray<\/a> sliding 5.59% and Organigram<\/a> over 7%. The Canadian banks made new highs with Royal climbing just below $120 and TD just shy of $86. Both WTI and WCS lost ground by around 1% though the Canadian dollar remained above 82 cents against the American greenback. Bitcoin<\/a> slipped by 1.5%.<\/p>\n

🍎 Apple<\/a> +1.28%
\nⓂ Microsoft<\/a> +1.32%
\n💉 Pfizer Inc<\/a> -2%
\n🎮 Activision Blizzard<\/a> +3.27%
\n🛢 Arc Resources Ltd<\/a> +8.52%
\n⛏ Western Copper<\/a> +7.12%
\n🚗 Linamar Corp<\/a> +6.38%
\n🏛 Manulife Financial<\/a> -3.38%
\n🏛 Sun Life Financial Inc<\/a> +0.2%
\n🌿 Tilray Inc.<\/a> -5.59%
\n🌿 Organigram Holdings<\/a> -7%
\n🅱 The Bitcoin Fund<\/a> -1.5%<\/p>\n","protected":false},"excerpt":{"rendered":"

After a morning sell-off, stocks rallied towards the end of Thursday’s session until the Dow made another record close at 34,548. The Dow rose 0.93%, fueled by an upbeat weekly jobless claim in the U.S. The S&P rose 0.82% on […]<\/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-225360","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\/225360","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=225360"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/225360\/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=225360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=225360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=225360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}