{"id":131846,"date":"2019-12-12T22:52:23","date_gmt":"2019-12-12T22:52:23","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=131846"},"modified":"2019-12-13T02:14:06","modified_gmt":"2019-12-13T02:14:06","slug":"trade-hopes-push-markets-to-record-highs-again","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/trade-hopes-push-markets-to-record-highs-again\/","title":{"rendered":"Trade hopes push markets to record highs again"},"content":{"rendered":"

The S&P and Nasdaq enjoyed record closes on Thursday after Trump<\/a> tweeted that a phase one trade deal between the U.S. and China was “very close.” Later, there were reports<\/a> that both sides had agree to a deal in principle. In particular, the tech-heavy Nasdaq spiked 0.73% while the Russell 2000 shot up 1.33%. Stocks that depend on a trade resolution, like FedEx, rose 3.65%. (Reality check: Trump has tweeted this optimistic sentiment in the past and has often then tweeted skepticism.)<\/p>\n

In contrast, the TSX ticked up a few points but was essentially flat, hovering just below 17,000. Across the pond, the Tories were projected to win a clear majority in the U.K. election, based on exit polls. If so, then Prime Minister Boris Johnson may <\/em>have enough votes to push through his Brexit<\/a>. On Thursday, UK Sterling hit highs last seen in May 2018.<\/p>\n

Meanwhile, cannabis stocks continued to march upwards with the Green Organic Dutchman leading the pack up 7.89% and Aphria<\/a> rising 7.6%. Publisher Transcontinental<\/a> shot up 7.53% on a strong earnings<\/a> report. On the Nasdaq, Broadcom<\/a> ran up 2.53% ahead of the release of its quarterly report after the closing bell. Indeed, the chipmaker’s earnings<\/a> beat the street’s expectations, but the stock promptly lost all those gains in after-hours trading.<\/p>\n

🚐 FedEx<\/a> +3.65%
\n🌿 Green Organic Dutchman Holdings<\/a> +7.89%
\n🌿 Aphria Inc<\/a> +7.60%
\n📰 Transcontinental Inc.<\/a> (A) +7.53%
\n💾 Broadcom<\/a> +2.53%<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P and Nasdaq enjoyed record closes on Thursday after Trump tweeted that a phase one trade deal between the U.S. and China was “very close.” Later, there were reports that both sides had agree to a deal in principle. […]<\/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":[276,204,126,28,220,218,433,437,235],"class_list":["post-131846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-brexit","tag-cannabis","tag-china","tag-earnings","tag-trade-war","tag-trump","tag-uk-election","tag-uk-pound","tag-washington"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/131846","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=131846"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/131846\/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=131846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=131846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=131846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}