Stockchase-logo
Track Stocks Watchlist
Top Picks Today
=iconClose Home All Opinions Top Picks Stocks Experts Top Experts Panic-proof Top 100 Stocks Monthly gems News
Watchlist Track Stocks
Top Picks Today
Home » Daily

Markets slide on Covid fears and bank news

Allan Tong Posted On September 21, 2020
0
0
Shares
  • Share On Facebook
  • Tweet It

World markets tumbled to start the week, sparked by fears of rise on Covid-19 cases and a report that the world’s banks moved over $2 trillion as money laundering and other criminal activity. The report was based on documentsthat  banks submitted to the U.S. government about (unconfirmed) suspicious activity.

Deutsche Bank was hammered by over 8%, while JPMorgan fell 3.1%. The Dow shed 1.84% and the S&P slipped 1.16%. Tech actually suffered minor losses as the Nasdaq closed only -0.13%. Covid fears pressured travel and leisure names, which rose last week. For example, Wynn Resorts plunged nearly 7%. Unitedhealth was among the big laggards, closing -2.87%, while American Express plunged 5%. Some tech names were actually up Monday, such as Netflix at 3.7% and Ebay at 3.15%.

Covid fears pressured oil prices and, by extension, the TSX, which slipped 1.34%. Materials were hit 3%, energy down 2.32% and financials slipping 1.49%. The price of WTI and WCS dropped 3.5-4.25%, dragging down CNQ by 4.62% and Vermillion by 8.71%. Shopify bucked the trend by gaining 3.76% and Organigram climbed 3.31%. A silver lining is that North American indices closed off their session lows. The VIX popped 6.3%, but well off 10% as seen earlier Monday.

🏛 Deutsche Bank AG -8%
🏛 JP Morgan Chase & Co -3.1%
🏢 Wynne Resorts Ltd.-7%
👨‍⚕️ UnitedHealth Group Inc -2.87%
🏛 American Express -5%
📺 Netflix Inc. +3.7%
🛍 eBay Inc +3.15%
🛢 Canadian Natural Rsrcs -4.62%
🛢 Vermilion Energy Inc -8.71%
🛍 Shopify Inc. +3.76%
🌿 Organigram Holdings +3.31%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
This Week's Stock Picks & BNN Top Picks Summary: XYL-N, FTS-T and 15 Stock and 3 ETF Top Picks (Jun 27-Jul 03)
Melisa R. H. July 4, 2025
JULY Gems
Allan Tong July 3, 2025
Markets close with a rally
Read Next

Markets close with a rally

  • logo

    We’re fintech passionates that reinvest almost all our revenues into the development of Stockchase and Wealthica. We hope you enjoy Stockchase and join Premium!

  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2023)
      8.5
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)
  • Popular Posts

    • This Week's Stock Picks & BNN Top Picks Summary: XYL-N, FTS-T and 15 Stock and 3 ETF Top Picks (Jun 27-Jul 03)
    • JULY Gems
    • Weekly 52-Week Low (or 52-Week High): BSX-T, TBL-T, IB-X, GOLD-T and More 52-Week Highs and Lows (Jun 25-Jul 01)
    • Most Anticipated Earnings: GPV-X, RVX-T and more Canadian Companies Reporting Earnings this Week (Jun 30-Jul 04)
  • Stock Lists

    • Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA...
      November 10, 2023
    • 13 Recession-Proof Stocks for Portfolio Safety
      October 26, 2023
    • The Ultimate Top Drone Stocks List for Sky-High Returns...
      October 25, 2023
    • Top Hotel Stocks to Buy for your Growth Portfolio
      October 12, 2023
    • Which Brookfield Stock to Buy? BAM vs BN: the Inspiring...
      October 9, 2023



  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

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