Net worth tracking
Login Sign Up
  • All Opinions
  • Top Picks
  • Discover
  • Companies
  • Experts
WATCH LIST
Home » Daily

Bulls rally late Thursday

Allan TongAllan Tong Posted On June 25, 2020
0
549 Views
0
0
Shares
  • Share On Facebook
  • Tweet It

After a see-saw trade most of Thursday, the bulls charged in the final hour to close indices higher. The optimism broke this week’s sell-off which was triggered by a spike in new COVID-19 cases across the American sunbelt; it suggests the bulls are looking at the decline in the mortality rate instead. All major U.S. indices eventually closed slightly above 1%.

The S&P closed just 9% from its record high as 10 of 11 sectors finished positive. Financials led the charge after the U.S. Fed announced it was removing a rule that had limited American banks from investing in areas such as hedge funds. Goldman Sachs, for example, spiked 4.59% during the session. In contrast, utilities and consumer names like Molson Coors lost 2.52%. Tech had another positive day, though more muted than recent sessions. PayPal rose 2.68%.

In Canada, the TSX climbed nearly 1% with tech, industrials and financials also gaining strong like their American peers. ParexResources (3.68%), Lightspeed (3.55%) and Ballard Power Systems (3.28%) were among Thursday’s biggest gainers. WCS regained some ground it lost from Wednesday’s sell-off, bouncing nearly 4% to hover above $30/barrel. Gold was flat.

🏛 Goldman Sachs +4.59%
🍺 Molson Coors Brewing Company -2.52%
💳 PayPal Holdings Inc. +2.68%
🛢 Parex Resources Inc. +3.68%
💿 Lightspeed POS +3.55%
🔋 Ballard Power Systems +3.28%

Post Views: 549
0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Canadian Tire Corporation Ltd., Royal Bank and More at 52-week Highs (Jan 06-12)
Melisa R. H. January 13, 2021
KB Home, Verizon Communications and 20 Stock Top Picks (Jan 08-14)
Melisa R. H. January 15, 2021
Virus spike in U.S. south plunges markets
Read Next

Virus spike in U.S. south plunges markets

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Join 39,652 Investors

    Winning in the Market eBook
    We deliver stock ideas to your inbox. Sign up free, get the ebook!

  • Top Reviews

    • The Ugly Truth About Identity Theft – Free Credit Report
      10
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2020)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2020)
      7.4
  • Popular Posts

    • Canadian Tire Corporation Ltd., Royal Bank and More at 52-week Highs (Jan 06-12)
    • KB Home, Verizon Communications and 20 Stock Top Picks (Jan 08-14)
    • Cogeco Cable, TheScore Inc. and More Earnings Reports this Week (Jan 11-15)
    • Battle of the Stocks: Proven Tech Stocks to Buy in 2021
    • Top 8 ETF Stocks To Watch in 2021
  • Stock Lists

    • 4 Proven Financial Stocks Riding the Blue Wave
      January 13, 2021
    • Top 8 ETF Stocks To Watch in 2021
      January 8, 2021
    • Top 10 Finance Stocks To Watch in 2021
      January 7, 2021
    • Top 5 Energy Stocks To Watch in 2021
      January 6, 2021
    • Battle of the Stocks: Proven Tech Stocks to Buy in 2021
      December 22, 2020


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search