{"id":232973,"date":"2021-06-28T20:38:07","date_gmt":"2021-06-29T00:38:07","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=232973"},"modified":"2021-06-28T20:38:07","modified_gmt":"2021-06-29T00:38:07","slug":"tech-roars-boeing-dives","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-roars-boeing-dives\/","title":{"rendered":"Tech roars, Boeing dives"},"content":{"rendered":"

As fears over inflation recede, investors poured back into tech as the Nasdaq rallied to new highs, climbing nearly 1% to 14,500. Leading the charge was Facebook<\/a> which leapt 4.18% to set a new closing high of $355.64 after a court dismissed the U.S. Federal Trade Commission’s antitrust suit. Also, Facebook topped US$1 trillion in market cap. Other FAAANGs basked in Facebook’s glow as Microsoft<\/a> rallied 1.4% (another record close), Adobe<\/a> 1.58% (the same), Nvidia<\/a> 4.89% and Apple<\/a> 1.2%.<\/p>\n

Elsewhere, stay-at-home stocks enjoyed a comeback as Peloton<\/a> jumped 4.47% and Zoom<\/a> by 4.44%. The S&P added 0.23% to 4,290 as it too made a record close on the strength of tech. In contrast, the Dow closed -0.44%, weighed down by Boeing<\/a>. The planemaker plunged 3.34% after the FAA announced it realistically won’t approve the 777X for safety until mid-2023. Oil stocks also sold off on the eve of the OPEC+ meeting, with Occidental closing down 5%. Travel stocks also took it on the chin as Expedia<\/a> dove 4.35%. The U.S. 10-year fell over 3% to 1.4765%.<\/p>\n

Tech also lifted the TSX, though it closed -0.42%, pressured by energy and financials. Crescent Point Energy<\/a> sank 4% and Martinrea<\/a> lost nearly that much. In contrast, BlackBerry<\/a> gained about 6%, Lightspeed<\/a> 2.36% and Shopify<\/a> 1.78%. The prices of WCS fell 2% and WTI 1.6% as gold remained flat. Bitcoin<\/a>, though, popped around 6.5% to nearly $35,000. Lastly, the Canadian dollar continued to lose ground against the American greenback and was trading just above 81 cents.<\/p>\n

🕵️‍♂️ Facebook<\/a> +4.18%
\nⓂ Microsoft<\/a> +1.4%
\n💾 Adobe Systems<\/a> +1.58%
\n🧬 Nvidia Corp<\/a> +4.89%
\n🍎 Apple<\/a> +1.2%
\n🚲 Peloton Interactive<\/a> +4.47%
\n📹 Zoom Video Communications Inc.<\/a> +4.44%
\n🛫 Boeing<\/a> -3.34%
\n✈ Expedia<\/a> -4.35%
\n🛢 Crescent Point Energy Corp<\/a> -4%
\n🚗 Martinrea<\/a> -3.89%
\n📱 BlackBerry<\/a> +6%
\n💾 Lightspeed POS<\/a> +2.36%
\n🛍 Shopify Inc.<\/a> +1.78%
\n🅱 The Bitcoin Fund<\/a> +6.5%<\/p>\n","protected":false},"excerpt":{"rendered":"

As fears over inflation recede, investors poured back into tech as the Nasdaq rallied to new highs, climbing nearly 1% to 14,500. Leading the charge was Facebook which leapt 4.18% to set a new closing high of $355.64 after a […]<\/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-232973","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\/232973","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=232973"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/232973\/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=232973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=232973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=232973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}