{"id":260739,"date":"2022-01-13T16:47:03","date_gmt":"2022-01-13T21:47:03","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=260739"},"modified":"2022-01-13T16:47:03","modified_gmt":"2022-01-13T21:47:03","slug":"stocks-sell-off-led-by-tech","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-sell-off-led-by-tech\/","title":{"rendered":"Stocks sell off, led by tech"},"content":{"rendered":"<p>Recent days of gains may have triggered investors to take profits on Thursday as stocks, starting with tech, sold off. The session ended on weakness, leaving the Nasdaq at -2.57%, the Dow -0.49% and the S&amp;P -1.42%. Notably, the U.S. 10-year yield did not rise as tech fell. In fact, the yield dipped below 1.7% by the closing bell. The Dow components were largely mixed, with industrials leading.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> added nearly 3%, travel names like <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> climbed 4.54%, <a href=\"https:\/\/stockchase.com\/F-N\">Ford<\/a> rose 2.25% and <a href=\"https:\/\/stockchase.com\/BIIB-Q\">Biogen<\/a> jumped 5%. However, <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a> closed -4.23%, <a href=\"https:\/\/stockchase.com\/CRM-N\">Salesforce<\/a> -3.87%, <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> -5.09% and <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> -6.75%.<\/p>\n<p>In Toronto, the TSX had to contend with declining oil prices as WTI sank around 1.5% to $81.50 a barrel and WCS retreated nearly 3% to below $68. The Toronto index fell half-a-percent though tech and materials fared worse than energy stocks. Financials and industrials enjoyed modest gains. <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy<\/a> shed nearly 5%, <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex<\/a> lost 3.79% and <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> slid 4.49%. Heading up were <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> by almost 2%, <a href=\"https:\/\/stockchase.com\/CJR.B-T\">Corus<\/a> soared 6%, <a href=\"https:\/\/stockchase.com\/LNR-T\">Linamar<\/a> advanced nearly 4% and <a href=\"https:\/\/stockchase.com\/ZZZ-T\">Sleep Country<\/a> added 3.76%. Meanwhile, <a href=\"https:\/\/stockchase.com\/CRYPTO:BCH\">Bitcoin<\/a> fell 2.5% to around $42,700.<\/p>\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing (BA-N)<\/a> +3%<br \/>\n&#x2708; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group (AAL-Q)<\/a> +4.54%<br \/>\n&#x1f698; <a href=\"https:\/\/stockchase.com\/F-N\">Ford Motor (F-N)<\/a> +2.25%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/BIIB-Q\">Biogen IDEC Inc. (BIIB-Q)<\/a> +5%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft (MSFT-Q)<\/a> -4.23%<br \/>\n&#x1f4a8; <a href=\"https:\/\/stockchase.com\/CRM-N\">SalesForce.com Inc. (CRM-N)<\/a> -3.87%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia Corp (NVDA-Q)<\/a> -5.09%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -6.75%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> -5%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex Energy Corp (BTE-T)<\/a> -3.79%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp (DML-T)<\/a> -4.49%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs (CNQ-T)<\/a> +2%<br \/>\n&#x1f4e1; <a href=\"https:\/\/stockchase.com\/CJR.B-T\">Corus Entertainment (B) (CJR.B-T)<\/a> +6%<br \/>\n&#x1f699; <a href=\"https:\/\/stockchase.com\/LNR-T\">Linamar Corp (LNR-T)<\/a> +4%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/ZZZ-T\">Sleep Country Canada (ZZZ-T)<\/a> +3.76%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BCH\">Bitcoin Cash (CRYPTO:BCH)<\/a> -2.5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent days of gains may have triggered investors to take profits on Thursday as stocks, starting with tech, sold off. The session ended on weakness, leaving the Nasdaq at -2.57%, the Dow -0.49% and the S&amp;P -1.42%. Notably, the U.S. [&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-260739","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\/260739","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=260739"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/260739\/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=260739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=260739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=260739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}