{"id":129311,"date":"2019-12-04T22:52:55","date_gmt":"2019-12-04T22:52:55","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=129311"},"modified":"2019-12-05T13:36:28","modified_gmt":"2019-12-05T13:36:28","slug":"u-s-modestly-rise-as-royal-bank-disappoints","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-modestly-rise-as-royal-bank-disappoints\/","title":{"rendered":"U.S. modestly rise as Royal Bank disappoints"},"content":{"rendered":"

On Wednesday, New York markets were up slightly by half-a-point, recovering some of the ground lost (down 1.5%) on Tuesday. While meeting with Germany’s Angela Merkel, Trump<\/a> downplayed his tariff threats of the day before to vaguely say that progress was being made in the US-China trade talks. That lifted American indices at first, but Trump added that a phase-one deal may not be signed until after the November 2020 U.S. vote.<\/p>\n

Thrown into the mix was the announcement that American service sector<\/a> activity slowed in November amid trade tensions and worker shortages. Nevertheless, some heavy hitters were during the session, including Goldman Sachs<\/a>, which gained 1.74%, and Apple<\/a>, up 0.88% (though down over 2% afterhours Wednesday).<\/p>\n

The TSX was flat as Canadian bank earnings<\/a> season continued with the biggest, Royal Bank<\/a>, sliding 2.08% after its capital-markets division suffered its worst performance in two years, with earnings down 12%. This division accounts for one-fifth of RY’s overall profit. Meanwhile, the battle over the retail giant, Hudson<\/a>‘s Bay, continues. A special board committee has ruled out a rival bid from Catalyst Capital Group worth $2.03 billion. Instead, the committee<\/a> maintains that the only offer on the table is the one tabled by executive chairman Richard Baker worth $1.9 billion. Shareholders vote on the deal on Dec. 17.<\/p>\n

🏛 Goldman Sachs<\/a> +1.74
\n🍎 Apple<\/a> +0.88%
\n🏛 Royal Bank<\/a> -2.08%<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, New York markets were up slightly by half-a-point, recovering some of the ground lost (down 1.5%) on Tuesday. While meeting with Germany’s Angela Merkel, Trump downplayed his tariff threats of the day before to vaguely say that progress […]<\/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":[31,415,239,416,417,171,220],"class_list":["post-129311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-apple","tag-bank-earnings","tag-financials","tag-germany","tag-hudsons-bay","tag-tech-stocks","tag-trade-war"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/129311","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=129311"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/129311\/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=129311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=129311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=129311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}