{"id":259483,"date":"2022-01-04T18:37:35","date_gmt":"2022-01-04T23:37:35","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=259483"},"modified":"2022-01-04T18:37:35","modified_gmt":"2022-01-04T23:37:35","slug":"tech-gives-back-as-dow-and-tsx-climb","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-gives-back-as-dow-and-tsx-climb\/","title":{"rendered":"Tech gives back as Dow and TSX climb"},"content":{"rendered":"<p>After scoring strong gains to begin the year, tech stocks gave them back on Tuesday as the Nasdaq retreated 1.33%. However, the Dow rose 0.59% to a new record close of 36,799 while the S&amp;P shed three points to finish flat for the day. After taking Monday off, the TSX returned to business and advanced 0.25%.<\/p>\n<p>Giving back gains were <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter<\/a>, down 4.18% and 4.24% respectively, <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">Salesforce<\/a> shed 2.83%, <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> moved down 1.71% and <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Appl<\/a>e retreated 1.27% just a day after touching a $3-trillion market cap. Beyond tech, <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth<\/a> closed -2.27% and <a href=\"https:\/\/stockchase.com\/company\/view\/1355\/WMT-N\">Walmart<\/a> -1.83%. The banks continued to rally with <a href=\"https:\/\/stockchase.com\/company\/view\/544\/GS-N\">Goldman Sachs<\/a> surging 3% and <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America<\/a> jumping nearly 4%. Across the border, <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> rallied 2.44%, <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">BMO<\/a> added 3.58% while <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> surged 3.28%.<\/p>\n<p>Energy also helped lift the Toronto index as names like <a href=\"https:\/\/stockchase.com\/company\/view\/4187\/WCP-T\">Whitecap Resources<\/a> climbed 3%, <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> leapt 4.74% and <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a> rallied about 5%. In contrast, REITs including <a href=\"https:\/\/stockchase.com\/company\/view\/212\/CARUN-T\">CAP REIT<\/a> slid 2.43%, gold tumbled such as <a href=\"https:\/\/stockchase.com\/company\/view\/1783\/YRI-T\">Yamana<\/a> by 2.44% and <a href=\"https:\/\/stockchase.com\/company\/view\/5683\/NTR-T\">Nutrien<\/a> fell 4%. Tech weighed on the TSX as <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> tanked 10.88%. WTI continued to march upwards, adding 1.15% to $77 per barrel while WCS rose 2% to $63.50. Cryptos had a relatively quiet day, down 0.7% to stay above $46,000 while the U.S. 10-year yield held around 1.64%.<\/p>\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -4.18%<br \/>\n&#x1f426; <a href=\"https:\/\/stockchase.com\/company\/view\/4686\/TWTR-N\">Twitter, Inc (TWTR-N)<\/a> -4.24%<br \/>\n&#x1f4a8; <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">SalesForce.com Inc. (CRM-N)<\/a> -2.83%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft (MSFT-Q)<\/a> -1.71%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple (AAPL-Q)<\/a> -1.27%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth Group Inc (UNH-N)<\/a> -2.27%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/1355\/WMT-N\">Walmart Inc (WMT-N)<\/a> -1.83%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/544\/GS-N\">Goldman Sachs (GS-N)<\/a> +3%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/123\/BAC-N\">Bank of America (BAC-N)<\/a> +4%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">Toronto Dominion (TD-T)<\/a> +2.44%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">Bank of Montreal (BMO-T)<\/a> +3.58%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial (MFC-T)<\/a> +3.28%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4187\/WCP-T\">Whitecap Resources (WCP-T)<\/a> +3%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc (SU-T)<\/a> +4.74%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy (CVE-T)<\/a> +5%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/212\/CARUN-T\">Canadian Apartment Properties (CAR.UN-T)<\/a> -2.43%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/1783\/YRI-T\">Yamana Gold Inc. (YRI-T)<\/a> -2.44%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5683\/NTR-T\">Nutrien Ltd. (NTR-T)<\/a> -4%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> -10.88%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After scoring strong gains to begin the year, tech stocks gave them back on Tuesday as the Nasdaq retreated 1.33%. However, the Dow rose 0.59% to a new record close of 36,799 while the S&amp;P shed three points to finish [&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-259483","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\/259483","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=259483"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/259483\/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=259483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=259483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=259483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}