{"id":242364,"date":"2021-09-01T18:35:44","date_gmt":"2021-09-01T22:35:44","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=242364"},"modified":"2021-09-01T18:36:21","modified_gmt":"2021-09-01T22:36:21","slug":"nasdaq-and-tsx-hit-record-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/nasdaq-and-tsx-hit-record-highs\/","title":{"rendered":"Nasdaq and TSX hit record highs"},"content":{"rendered":"<p>On Wednesday, rails lifted the TSX to a record close of 20,689, up 0.52%, while tech pushed the Nasdaq to new heights of 15,309, up 0.33%. The S&amp;P was flat and the Dow was modestly down.<\/p>\n<p>In Canada, the battle of <a href=\"https:\/\/stockchase.com\/KSU-N\">Kansas City Southern<\/a> (leaping 3.84% on Wall Street) heated up as <a href=\"https:\/\/stockchase.com\/CP-T\">CP<\/a> shares rallied 5.14% and <a href=\"https:\/\/stockchase.com\/CNR-T\">CN<\/a> 3.77%. U.S. regulators rejected CN&#8217;s bid while CP set a Sept.12 deadline for its offer. Other winners that fueled the TSX included <a href=\"https:\/\/stockchase.com\/BIR-T\">Birchcliff Energy<\/a>, jumping 6.45%, <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> up 3.76% and <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco<\/a> at 3.69%. Down were <a href=\"https:\/\/stockchase.com\/GWO-T\">Great-West Lifeco<\/a> which finished -2.18% in heavy trading, and <a href=\"https:\/\/stockchase.com\/HEXO-T\">Hexo<\/a> at -2.26%. Industrials and tech rallied while materials lagged. Meanwhile the price of WTI slipped 25 cents per barrel while WCS gained that much.<\/p>\n<p>Back on Wall Street, industrials showed weakness as the Dow components were mixed. <a href=\"https:\/\/stockchase.com\/ABBV-N\">Abbvie<\/a> slid 7% after the FDA ordered the drugmaker to add a warning label to its much-touted arthritis drug, Rinvoq. Also struggling were <a href=\"https:\/\/stockchase.com\/WFC-N\">Wells Fargo<\/a>, plunging 5%, and <a href=\"https:\/\/stockchase.com\/DVN-N\">Devon<\/a> Oil down 4.43%. In contrast, <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix<\/a> advanced 2.26%, <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna<\/a> 3.52% and <a href=\"https:\/\/stockchase.com\/PVH-N\">PVH<\/a> shot up 15%. <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">Bitcoin<\/a> added nearly 2% but remained below $49,000.<\/p>\n<p>&#x1f682; <a href=\"https:\/\/stockchase.com\/KSU-N\">Kansas City Southern<\/a> +3.84%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/CP-T\">Canadian Pacific Rail<\/a> +5.14%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/CNR-T\">Canadian National R.R.<\/a> +3.77%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/BIR-T\">Birchcliff Energy Ltd.<\/a> +6.45%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed Commerce Inc<\/a> +3.76%<br \/>\n&#x1f9f1; <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco Corporation<\/a> +3.69%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/GWO-T\">Great-West Lifeco<\/a> -2.18%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/HEXO-T\">Hexo Corp<\/a> -2.26%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/ABBV-N\">AbbVie Inc.<\/a> -7%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/WFC-N\">Wells Fargo<\/a> -5%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/DVN-N\">Devon Energy Corp<\/a> -4.43%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix Inc.<\/a> +2.26%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna<\/a> +3.52%<br \/>\n&#x1f45a; <a href=\"https:\/\/stockchase.com\/PVH-N\">PVH Corp<\/a> +15%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">The Bitcoin Fund<\/a> +2%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, rails lifted the TSX to a record close of 20,689, up 0.52%, while tech pushed the Nasdaq to new heights of 15,309, up 0.33%. The S&amp;P was flat and the Dow was modestly down. In Canada, the battle [&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-242364","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\/242364","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=242364"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/242364\/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=242364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=242364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=242364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}