{"id":120334,"date":"2019-11-04T22:23:07","date_gmt":"2019-11-04T22:23:07","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=120334"},"modified":"2019-11-05T00:53:09","modified_gmt":"2019-11-05T00:53:09","slug":"trade-optimism-pushes-dow-to-new-high","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/trade-optimism-pushes-dow-to-new-high\/","title":{"rendered":"Trade optimism pushes Dow to new high"},"content":{"rendered":"

The Dow closed at an all-time high Monday at 27,462 as American markets continued to rise on optimism over the US-China trade negotiations, positive economic data and declining interest rates. FedEx<\/a>, which investors have fled partly out of trade concerns, made a surprise jump of 5.32% Monday.<\/p>\n

Monday, however, began under a cloud at McDonald’s<\/a>, which fired its CEO<\/a> for conducting a consensual relationship with a colleague, breaking company rules. Mickey D’s was down 2.72%, just a few weeks after tumbling after posting an earnings miss<\/a>. Also under water was Under Armour<\/a>, hammered by 18.35% after it disclosed that U.S.\u00a0 federal authorities have been investigating the company’s accounting practices<\/a> for the last two years. UA failed to explain why the company has waited till now to disclose this news to investors.<\/p>\n

Also hit hard Monday was Uber<\/a>, down as much as 7% in after-hours trading, after reporting weak numbers<\/a>, including user growth. The TSX kept pace with New York, rising half a percent. Unexpectedly, oil stocks led the surge with names like Vermillion<\/a> popping 9.53% along with the price of oil. Another winner was CargoJet<\/a> which jumped 3.53% after a strong earnings report<\/a>.<\/p>\n

🚐 FedEx<\/a> +5.32%
\n👟 Under Armour<\/a> -18.35%
\n🚘 Uber<\/a> -7%
\n🛢 Vermilion Energy Inc<\/a> +9.53%
\n✈ Cargojet Inc<\/a> +3.53%<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dow closed at an all-time high Monday at 27,462 as American markets continued to rise on optimism over the US-China trade negotiations, positive economic data and declining interest rates. FedEx, which investors have fled partly out of trade concerns, […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[215,286,201,179,180,143,315],"class_list":["post-120334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-dow","tag-earnings-season","tag-energy-stocks","tag-fast-food","tag-mcdonalds","tag-oil","tag-us-china-trade-war"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/120334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=120334"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/120334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=120334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=120334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=120334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}