{"id":230020,"date":"2021-06-07T18:54:07","date_gmt":"2021-06-07T22:54:07","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=230020"},"modified":"2021-06-07T18:55:18","modified_gmt":"2021-06-07T22:55:18","slug":"biogen-soars-amid-flat-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/biogen-soars-amid-flat-markets\/","title":{"rendered":"Biogen soars amid flat markets"},"content":{"rendered":"<p>The trading week began on a quiet note as the TSX closed two points higher. Similarly, the S&amp;P lost only 0.08% as the Dow shed 0.36% and the Nasdaq gained 0.49%. Wall Street is waiting for the Democrats and Republicans to decide on the price tag of the eagerly awaited U.S. infrastructure bill.<\/p>\n<p>However, healthcare rallied on both sides of the border Monday. <a href=\"https:\/\/stockchase.com\/BIIB-Q\">Biogen<\/a> soared over 38% after the FDA approved their drug for Alzheimer&#8217;s, the first such green light in two decades. In Toronto, <a href=\"https:\/\/stockchase.com\/TRIL-T\">Trillium Therapeutics<\/a> jumped 16.4% and <a href=\"https:\/\/stockchase.com\/WELL-T\">Well Health Technologies<\/a> 9.9% while cannabis stocks like <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora<\/a> rose 7.85% and <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy<\/a> by 5.67%. Industrials and materials showed some weakness. <a href=\"https:\/\/stockchase.com\/PD-T\">Precision Drilling<\/a> closed -6.76%, <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals<\/a> -5.53% and <a href=\"https:\/\/stockchase.com\/TFII-T\">TFI International<\/a> -4.8%.<\/p>\n<p>The Reddit trade continued as <a href=\"https:\/\/stockchase.com\/BB-T\">Blackberry<\/a> (TSX) surged 13.56% and <a href=\"https:\/\/stockchase.com\/AMC-N\">AMC<\/a> leapt nearly 14.8%. Oil was mixed as the price of WTI fell around 0.5% while WCS gained over 1%. Oil stocks ticked down, including <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy<\/a> by -2.76%. Even though tech names moved up, the U.S. 10-year rose 0.88% to 1.56%. For cryptos it was also a quiet day as <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">Bitcoin<\/a> edged down 1.6% to stay above $35,000. Lastly, the Canadian dollar held steady against the USD to hover below 83 cents.<\/p>\n<p>&#x1f9eb; <a href=\"https:\/\/stockchase.com\/BIIB-Q\">Biogen IDEC Inc.<\/a> +38%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/TRIL-T\">Trillium Therapeutics Inc<\/a> +16.4%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/WELL-T\">WELL Health Technologies<\/a> +9.9%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora Cannabis<\/a> +7.85%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy Growth Corp.<\/a> +5.67%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/PD-T\">Precision Drilling<\/a> -6.76%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals Inc.<\/a> -5.53%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/TFII-T\">TFI International Inc<\/a> -4.8%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> +13.56%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/AMC-N\">AMC Entertainment Holdings Inc.<\/a> +14.8%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp<\/a> -2.76%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">The Bitcoin Fund<\/a> -1.6%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading week began on a quiet note as the TSX closed two points higher. Similarly, the S&amp;P lost only 0.08% as the Dow shed 0.36% and the Nasdaq gained 0.49%. Wall Street is waiting for the Democrats and Republicans [&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-230020","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\/230020","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=230020"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/230020\/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=230020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=230020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=230020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}