{"id":237043,"date":"2021-07-27T17:25:33","date_gmt":"2021-07-27T21:25:33","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=237043"},"modified":"2021-07-28T07:27:01","modified_gmt":"2021-07-28T11:27:01","slug":"u-s-stocks-slide-on-chinese-crackdown","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-stocks-slide-on-chinese-crackdown\/","title":{"rendered":"U.S. stocks slide on Chinese crackdown"},"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 href=\"https:\/\/stockchase.com\/expert\/view\/67\/David-Baskin\">David Baskin<\/a>, including <a href=\"https:\/\/stockchase.com\/company\/view\/5337\/MTN-N\">Vail Resorts Inc<\/a>.<span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Jul 30\/19, Down 21%<\/strong><\/span><span style=\"font-family: inherit; font-size: inherit;\">) <\/span><strong style=\"font-family: inherit; font-size: inherit;\"><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.<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><\/strong><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>As the China government continued to crack down on Chinese tutoring companies, preventing them from going public or taking profits, American stocks sold off. The Dow closed -0.24%, the S&amp;P -0.47% and the Nasdaq -1.21%. However, stocks closed well off their session lows Tuesday.<\/p>\n<p>Notable losers were <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a>, both down 2%, <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> which slid 5%, <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> which fell 1.49% ahead of earnings, and <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a> which tanked 6.76% as it continues to reel from a sexual harassment lawsuit. In contrast, gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/3476\/AON-N\">Aon<\/a>, rising 3.19%, <a href=\"https:\/\/stockchase.com\/company\/view\/136\/BDX-N\">Becton Dickinson<\/a> up 2.11 and <a href=\"https:\/\/stockchase.com\/company\/view\/1075\/RTX-N\">Raytheon<\/a> jumping 2.64%. Financials and healthcare fared better than the other Dow sectors which mostly languished in the red. Meanwhile, the price of WTI crude and gold were flat.<\/p>\n<p>In Toronto, the TSX managed to finish the day in the green by eight points. Financials, industrials and utilities were up while consumer discretionary and healthcare names were down. <a href=\"https:\/\/stockchase.com\/company\/view\/1233\/TFII-T\">TFI International<\/a> soared 7.15% as <a href=\"https:\/\/stockchase.com\/company\/view\/2403\/BAM-N\">BAM (Brookfield Asset Management)<\/a> jumped over 3% on news that it won the battle for Inter Pipeline. Another winner was <a href=\"https:\/\/stockchase.com\/company\/view\/1206\/TCLA-T\">Transcontinental<\/a> which advanced 2.33%. Losers included <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> which sank over 4%, <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin Mining<\/a> which was down 3.72% and <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">Organigram Holdings<\/a> which slid 4.33% along with several cannabis stocks. The Canadian dollar slipped 0.38% to 79.43 cents against the USD.<\/p>\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> -2%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> -2%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> -5%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> -1.49%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a> -6.76%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/3476\/AON-N\">Aon Corp.<\/a> +3.19%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/136\/BDX-N\">Becton Dickinson<\/a> +2.11%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/1075\/RTX-N\">Raytheon<\/a> +2.64%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/company\/view\/1233\/TFII-T\">TFI International Inc<\/a> +7.15%<br \/>\n&#x267b; <a href=\"https:\/\/stockchase.com\/company\/view\/2403\/BAM-N\">Brookfield Asset Management Inc.<\/a> +3%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/1206\/TCLA-T\">Transcontinental Inc. (A)<\/a> +2.33%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc<\/a> -4%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin Mining Corp.<\/a> -3.72%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">OrganiGram Holdings Inc.<\/a> -4.33%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by David Baskin, including Vail Resorts Inc. (A Top Pick Jul 30\/19, Down 21%) Get Premium to receive all past top picks opinions a few hours before market open. As the China [&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-237043","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\/237043","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=237043"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/237043\/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=237043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=237043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=237043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}