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

Toronto up, New York down to close an historic Q1

Allan Tong Posted On March 31, 2020
0
0
Shares
  • Share On Facebook
  • Tweet It


This week, you missed Past Top Picks comments by Joshua Varghese including Invitation Homes Inc. (A Top Pick Dec 05/18, Up 14%) Get Premium to receive all past top picks opinions a few hours before market open.
Get Premium

With markedly less volatility than recent session, North American markets closed Tuesday with mixed results to end an historic, but brutal Q1. It was the worst first quarter ever for the Dow and S&P, which closed the day at -1.84% and -1.6%. Retail took another hit as chains such as Macy’s (-8.57%) and the Gap (-5.12%) “furloughed” several thousand markets. Instead of being sent into combat, those “furloughed” were staying home without a paycheque. Technically, these workers will remain employees of these companies and will receive benefits through May, but this misfortune speaks to the woes of retail.

Things looked sunnier in Toronto with the TSX rallying 2.61%, fulled by hopes after news that Trump will speak to Russia’s Putin about the ongoing oil war between the latter and Saudi Arabia that is in fact trying to squeeze American shale producers out of the oil market. The TSX’s oil component soared 15.5% with bigger energy names like CNQ spiking 22.46% and Suncor surging 18.4%. Utilities also rallied with Altagas (commonly lumped in with oil stocks) leaping 8.33%.

Of course, markets are watching COVID-19 numbers closely. Good news it at Italy continues to see a decline in new cases, though numbers continue to climb in Canada and the new epicenter, the U.S.

🛍 Macys Inc. -8.57%
👕 Gap -5.12%
🛢 Canadian Natural Rsrcs +22.46%
⚡ Suncor Energy Inc +18.4%
💡 Altagas Ltd +8.33

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
Read Next

Markets fall as North America braces for COVID-19 to peak

  • 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