{"id":227811,"date":"2021-05-21T17:58:38","date_gmt":"2021-05-21T21:58:38","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=227811"},"modified":"2021-05-22T08:35:24","modified_gmt":"2021-05-22T12:35:24","slug":"bitcoin-slides-markets-mixed-to-end-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/bitcoin-slides-markets-mixed-to-end-week\/","title":{"rendered":"Bitcoin slides, markets mixed to end week"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1271\/Mike-S-Newton-CIM-FCSI\">Mike S. Newton<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/BABA-N\"><span class=\"company-name\">Alibaba Group Holding<\/span><\/a> (<strong>A Top Pick May 14\/19, Up 16%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>It was another rollercoaster ride of a week in the markets, particularly for <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">Bitcoin<\/a> traders. The king of the cryptos sank 10% Friday. After getting hammered by Elon Musk, the Chinese government and, on Friday, Hong Kong authorities (which will ban retail trading of Bitcoin, but will allow professional transactions) Bitcoin closed below $36,000. A a week ago, it traded right below $50,000. Faring better was the commodity-driven TSX which made intraday highs by breaking 19,600, though it settled just slightly under water by the close. Financials and energy enjoyed moderate gains, while all other sectors saw red.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> popped 6% while <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power<\/a> rose 4.71% and <a href=\"https:\/\/stockchase.com\/CS-T\">Capstone Mining<\/a> slid more than 5%. Making headlines were the rails as Kansas City Southern announced it will reject Canadian Pacific&#8217;s offer and embrace CN&#8217;s. <a href=\"https:\/\/stockchase.com\/KSU-N\">KSU<\/a> shares ticked up 0.45% while <a href=\"https:\/\/stockchase.com\/CP-T\">CP-T<\/a> gained 0.88% though <a href=\"https:\/\/stockchase.com\/CNR-T\">CN<\/a> closed at -1.93%.<\/p>\n<p>Nasdaq lost 0.48% Friday though gained, surprisingly, 41 points during the turbulent week. Like the S&amp;P and Dow, the Nasdaq closed on weakness, though the Dow managed a gain of 0.36% and the S&amp;P finished just under water. Industrials and financials rallied as <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> climbed 3.15%, <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> 1.8% and <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> 2.6%. In contrast, <a href=\"https:\/\/stockchase.com\/ETSY-Q\">Etsy<\/a> finished -2.78%, <a href=\"https:\/\/stockchase.com\/STX-Q\">Seagate Technologies<\/a> -3% and <a href=\"https:\/\/stockchase.com\/PGR-N\">Progressive<\/a> -2.84%. <a href=\"https:\/\/stockchase.com\/F-N\">Ford<\/a> made a splash by announcing the e-version of its F-150, and shares jumped 6.73%.<\/p>\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">The Bitcoin Fund<\/a> -10%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed POS<\/a> +6%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power Systems<\/a> +4.71%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/CS-T\">Capstone Mining Corp.<\/a> -5%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/KSU-N\">Kansas City Southern<\/a> +0.45%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/CP-T\">Canadian Pacific Rail<\/a> +0.88%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/CNR-T\">Canadian National R.R.<\/a> -1.93%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> +3.15%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> +1.8%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia Corp<\/a> +2.6%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/ETSY-Q\">Etsy Inc.<\/a> -2.78%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/STX-Q\">Seagate Technology<\/a> -3%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/PGR-N\">Progressive Corp Ohio<\/a> -2.84%<br \/>\n&#x1f698; <a href=\"https:\/\/stockchase.com\/F-N\">Ford Motor<\/a> +6.73%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Mike S. Newton, including Alibaba Group Holding (A Top Pick May 14\/19, Up 16%) Get Premium to receive all past top picks opinions a few hours before market open. It was [&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-227811","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\/227811","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=227811"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/227811\/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=227811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=227811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=227811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}