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

The pre-Easter rally continues on COVID-19 optimism

Allan TongAllan Tong Posted On April 8, 2020
0
327 Views
0
0
Shares
  • Share On Facebook
  • Tweet It

If Tuesday was a false start on the markets, then Wednesday was the real deal. Rallies on Wall and Bay streets extended the strong, positive performances found on Monday in reaction to ongoing (albeit modest) declines in new COVID-19 cases found in hot spots Italy, Iran and Britain. New York’s mayor reported that ventilator use is lower than expected and new hospitalizations are stabilizing, but warns citizens to remain vigilant.

The Dow and S&P closed up 3.4%, the Nasdaq rose 2.6% and the TSX gained 2.29%. Oil retraced some lost ground with WCS leaping 83% to close at $7.21/barrel. Gold is holding steady around $1,650/ounce.

In Toronto, real estate, energy and tech led gains with names like Summit Industrial REIT popping over 15.71%, Husky Energy up 10.67% and Shopify rising 9.71%. The delayed, but much-anticipated OPEC meeting takes place Thursday. Some hope that the Saudis and Russians can agree to a truce or even end their oil war. In New York, financials, travel and healthcare led the charge. UnitedHealth rallied nearly 8%, Royal Caribbean rose 12% while Goldman Sachs climbed 6.59%. Looking to Thursday, the U.S. will release the latest jobless claims and consumer sentiment data. Take note and stay safe.

🏛 Summit Real Estate Investment +15.71%
⚡ Husky Energy +10.67%
🛍 Shopify Inc. +9.71%
👨‍⚕️ UnitedHealth Group Inc +8%
🚢 Royal Caribbean Cruises +12%
🏛 Goldman Sachs +6.59%

Post Views: 327
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

Rally continues as unemployment soars and OPEC deal disappoints

  • 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 (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      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)
    • Richelieu Hardware, Eastmain Resources Inc and More Earnings Reports this Week (Jan 18-22)
    • Questrade vs Others | The Review Competitors Don't Want you to Read (2021)
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
  • Stock Lists

    • 2 Successful Past Picks: Nuvei & Medtronic
      January 19, 2021
    • 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


  • 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