Net worth tracking
Login Sign Up
Become a Premium Member
  • All Opinions
  • Top Picks
  • Experts
  • Companies
  • Discover
Watch List
Home » Daily

Vaccine plans and stimulus talks nudge markets up

Allan Tong Posted On December 3, 2020
0
0
Shares
  • Share On Facebook
  • Tweet It

Markets on Thursday inched up as U.S. stimulus talks and plans to mass-vaccinate the population continue to fuel investor optimism, despite record cases and deaths from Covid, particularly in America. In Canada, telcos, energy and staples led the TSX which closed 0.23%. Materials was the only negative sector.

One of the biggest gainers was WSP Global, up 11.62%, after taking over an environmental consulting firm which will position WSP to capitalize on the growing ESG movement. Banks earnings continued as TD and CIBC reported strong quarters, both lifted by lower loan-loss provisions. Despite spiking at the opening of the session, TD actually finished -0.16% while CIBC closed 0.26%. Meanwhile, Air Canada continued to climb, rising 5.25%.

On Wall Street, onoing stimulus talks in Washington gave investors hope as the Dow rose 0.29% and the Nasdaq made a new record, up 0.23%. Only the S&P closed slightly down. Recent good news from the vaccine-makers also upheld sentiment. However, an announcement from Pfizer that it can deliver only half of its expected batch of vaccines this year due to supply constraints pressured that stock by 1.74%, but boosted Moderna‘s by 10%. Elsewhere, an order of planes from Ryanair fuelled Boeing shares by 6%, and an order of vaccines by Washington lifted Walgreens by 7.48%. Walgreens will help administer the vaccine when it arrives. The price of WTI oil gained 0.8% by the close while WCS rallied 1.2% amid news that OPEC will moderately increase production starting in January.

🧱 WSP Global Inc. +11.62%
🏛 Toronto Dominion -0.16%
🏛 Canadian Imperial Bank of Commerce +0.26%
🛫 Air Canada +5.25%
💉 Pfizer Inc -1.74%
💉 Moderna +10%
🛫 Boeing +6%
💊 Walgreen Boots Alliance +7.48%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Intertape Polymer Group and More at 52-week Highs & Lows (Jun 22-28)
Melisa R. H. June 29, 2022
Reitmans, Medmira Inc More Earnings Reports this Week (Jun 27-Jul 01)
Melisa R. H. June 27, 2022
Markets end another strong week
Read Next

Markets end another strong week

  • 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!
  • Top Reviews

    • 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
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
  • Popular Posts

    • Intertape Polymer Group and More at 52-week Highs & Lows (Jun 22-28)
    • Reitmans, Medmira Inc More Earnings Reports this Week (Jun 27-Jul 01)
    • Air Canada, Shell plc and 19 Stock and 1 ETF Top Picks (Jun 17-23)
    • 3 defensive stocks to find stability with your money
    • Markets slide on recession fears
  • Stock Lists

    • 3 defensive stocks to find stability with your money
      June 21, 2022
    • 3 rock stars of the mineral stocks
      June 15, 2022
    • 3 stocks to profit from revenge travel
      June 7, 2022
    • Are tech stocks alive?
      May 31, 2022
    • 3 dividend stocks to fight inflation
      May 24, 2022


  • 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