Despite positive futures Sunday evening, markets on Monday morning sold off hard on disappointing U.S. manufacturing data. The Nasdaq plunged nearly 5%, the Dow shed as much as 1,115 points while the TSX slid over 3%. However, after lunch, buyers pushed out sellers and markets actually closed positive in a spectacular reversal. The Dow finished up 99 points or 0.39%, the S&P 0.29% and the tech-heavy Nasdaq surged 0.63%. Notably, the U.S. 10-year yield fell during the session though inched up to 1.767%.<\/p>\n
Many laggards had fallen twice or three times further than their closes, including Tesla<\/a> at -3.41%, Netflix<\/a> -2.6% and Airbnb<\/a> -5.63%. Notable gainers were Adobe<\/a> up 3.95%, Caesars<\/a> 5.25%, Best Buy<\/a> 5.11%, Domino’s Pizza<\/a> 4.93% and the Gap<\/a> at 7.94%. Cryptos also had a wild session as Bitcoin<\/a> sank to $33,000 before finishing almost $37,000, gaining 5% on Monday.<\/p>\n Oil fell short of recovering with WTI and WCS both surrendering around 1.5%\u00a0 the close below $84 and under $70 respectively. The same can be said of the TSX which rallied into the close but still finished -0.24%. Tech rallied, but financial and energy lagged. Shopify<\/a> surged 7%. Other winners included Well Health<\/a> up 5.77%, Bombardier<\/a> at 4.52%, MTY Food Group<\/a> 3.51% and GFL Environmental<\/a> 3.37%. On the losing end were Suncor<\/a> at -2.58%, CNQ<\/a> -2.56% and Blackberry<\/a> -3.18%.<\/p>\n 🚗 Tesla Motors Inc (TSLA-Q)<\/a> -3.41% Despite positive futures Sunday evening, markets on Monday morning sold off hard on disappointing U.S. manufacturing data. The Nasdaq plunged nearly 5%, the Dow shed as much as 1,115 points while the TSX slid over 3%. However, after lunch, buyers […]<\/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-262163","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\/262163","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=262163"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/262163\/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=262163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=262163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=262163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n📺 Netflix Inc. (NFLX-Q)<\/a> -2.6%
\n🏠 Airbnb (ABNB-Q)<\/a> -5.63%
\n💾 Adobe Systems (ADBE-Q)<\/a> +3.95%
\n♠ Caesars Entertainment (CZR-Q)<\/a> +5.25%
\n💳 Best Buy Company Inc (BBY-N)<\/a> +5.11%
\n🍕 Domino’s Pizza, Inc. (DPZ-N)<\/a> +4.93%
\n🧢 Gap (GPS-N)<\/a> +7.94%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +5%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +7%
\n👨⚕️ WELL Health Technologies (WELL-T)<\/a> +5.77%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> +4.52%
\n🍱 MTY Food Group (MTY-T)<\/a> +3.51%
\n🌿 GFL Environmental Inc. (GFL-T)<\/a> +3.37%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -2.58%
\n🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> -2.56%
\n📱 BlackBerry (BB-T)<\/a> -3.18%<\/p>\n","protected":false},"excerpt":{"rendered":"