{"id":341084,"date":"2024-03-08T17:42:00","date_gmt":"2024-03-08T22:42:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341084"},"modified":"2024-03-08T19:00:55","modified_gmt":"2024-03-09T00:00:55","slug":"tech-rally-loses-steam","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-rally-loses-steam\/","title":{"rendered":"Tech rally loses steam"},"content":{"rendered":"\n<p>The week started down, then rebounded, then closed down again. The red-hot semis sub-sector within tech sold off Friday, despite an initial climb to start the session. <\/p>\n\n\n\n<p>By the close, <a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> sank 5.55% after volatile swings both ways. <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom<\/a> reported a beat but still fell 6.9%. Meanwhile, <a href=\"https:\/\/stockchase.com\/ETSY-Q\">Etsy<\/a> rallied 5.72%, <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival<\/a> rose 4.53% though <a href=\"https:\/\/stockchase.com\/COST-Q\">Costco<\/a> slid 7.65% after reporting. The S&amp;P closed -0.65% on Friday, the Nasdaq -1.16% and the Dow -0.65%. For the week, the S&amp;P finished slightly negative, but the Dow sank nearly 1% and the Nasdaq lost over 1% yet stayed above 16,000. The U.S. 10-year yield hovered around 4.081%. <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> also had a choppy week, but closed Friday 2.9% higher to nearly $69,000<\/p>\n\n\n\n<p>On Bay Street, the TSX shed 0.26% on Friday but finished the week up 0.86%. It didn&#8217;t hurt that gold kept making new highs, up to $2,184 an ounce. More sectors retreated than advanced, but most moves were mild. Real estate performed the best and staples the worst. <a href=\"https:\/\/stockchase.com\/AQN-T\">Algonquin<\/a> reported a beat and jumped 4.98%. <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray<\/a> rallied 4.55%, <a href=\"https:\/\/stockchase.com\/NXE-T\">Nexgen<\/a> finished -8.67%, <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco<\/a> -6.2% and <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> -5.7% though minerals outshone most sectors over the week. WTI gave back 1.35% to fall below $78 a barrel.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -5.55%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/AVGO-Q\">Broadcom\u00a0(AVGO-Q)<\/a> -6.9%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/ETSY-Q\">Etsy Inc.\u00a0(ETSY-Q)<\/a> +5.72%<\/p>\n\n\n\n<p>&#x1f6a2; <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival Corp.\u00a0(CCL-N)<\/a> +4.53%<\/p>\n\n\n\n<p>&#x1f6d2; <a href=\"https:\/\/stockchase.com\/COST-Q\">Costco Wholesale Corporation\u00a0(COST-Q)<\/a> -7.65%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +2.9%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/AQN-T\">Algonquin Power &amp; Utilities Corp\u00a0(AQN-T)<\/a> +4.98%<\/p>\n\n\n\n<p>&#x1f33f; <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray Inc.\u00a0(TLRY-Q)<\/a> +4.55%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/NXE-T\">NexGen Energy\u00a0(NXE-T)<\/a> -8.67%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco Corporation\u00a0(CCO-T)<\/a> -6.2%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp\u00a0(DML-T)<\/a> -5.7%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week started down, then rebounded, then closed down again. The red-hot semis sub-sector within tech sold off Friday, despite an initial climb to start the session. By the close, Nvidia sank 5.55% after volatile swings both ways. Broadcom reported [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","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-341084","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\/341084","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=341084"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341084\/revisions"}],"predecessor-version":[{"id":341088,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341084\/revisions\/341088"}],"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=341084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}