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

Markets give back on rising coronavirus cases

Allan TongAllan Tong Posted On February 13, 2020
0
532 Views
0
0
Shares
  • Share On Facebook
  • Tweet It

Markets pulled back slightly on Thursday on news from China that coronavirus cases have spiked, due to a different method that Chinese authorities are now using in counting cases. This week, markets were breaking all-time highs on optimism that the worst was behind us. Now, there is uncertainty among investors.

The Dow sold off 0.43%, but the S&P and Nasdaq declined only modestly while the TSX was nearly flat. However, both crude oil (0.8%) and gold (0.5%) ticked up in the session. Despite that, energy was the weakest sector on the TSX, falling o.52%, though telcoms were pummelled 0.77%. In contrast, materials and real estate enjoyed healthy gains.  For example, CAP REIT scaled new heights, rising 0.88%.

In the U.S., Coca-Cola popped 2.32% in heavy trading while Beyond Meat shed that much during a choppy session for the broad New York markets. The FANGs gave back only modestly after breaking new highs the past week, although Cisco Systems plunged over 5%. Nvidia reported strong earnings, but warned of the future impact of the virus. After hours, it spiked 6%.

🏛 Canadian Apartment Properties +0.88%
🥤 Coca-Cola Company +2.32%
🥩 Beyond Meat Inc. -2.32%
📱 Cisco -5%
💻 Nvidia Corp +6%

Post Views: 532
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
Read Next

Markets tentative on coronavirus news as blockade pressures Canadian business

  • 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