{"id":141896,"date":"2020-01-23T00:06:32","date_gmt":"2020-01-23T00:06:32","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=141896"},"modified":"2020-01-23T00:26:16","modified_gmt":"2020-01-23T00:26:16","slug":"markets-rebound-but-fade-at-the-close-as-china-contains-virus","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rebound-but-fade-at-the-close-as-china-contains-virus\/","title":{"rendered":"Markets rebound but fade at the close as China contains virus"},"content":{"rendered":"

North American markets rebounded Wednesday morning from Tuesday’s moderate sell-off, sparked by the coronavirus<\/a> pandemic in China, but closed Wednesday only modestly in the green. The TSX, S&P and Nasdaq hung on to finish positive while the Dow finished slightly negative.<\/p>\n

Investors were encouraged that Chinese authorities appear to be containing the virus to Wuhan, where the coronavirus originated. Also, U.S. existing home<\/a> sales rebounded in December as inventory plunged to its lowest level ever over the 21 years of data collecting. Texas Instruments<\/a> was one of the day’s notable gainers, up 1.9% after issuing an earnings<\/a> beat the evening before. Meanwhile, continued its astonishing run, Tesla<\/a> climbed 4.09% and reached a $100-billion market cap.<\/p>\n

Closer to home, the Bank of Canada vowed to hold interest rates at 1.75% and will keep the door open to a cut. As usual, REITS, weed, utilities and cannabis stocks led TSX gains Wednesday, with Aphria<\/a> soaring 8.78%. But the biggest gainer was AGF Management<\/a>, which spiked 9.15%, after issuing its own earnings<\/a>. Meanwhile, an unloved sector saw a glimmer of good news. The U.S. Interior Department greenlit the extension of the long-delayed Keystone XL<\/a> pipeline in Montana. However, after a morning spike, pipeline owners TC Energy<\/a> closed slightly negative.<\/p>\n

🧵 Texas Instruments<\/a> +1.9%
\n🚗 Tesla Motors Inc<\/a> +4.09%
\n🌿 Aphria Inc<\/a> +8.78%
\n🏛 AGF Management<\/a> +9.15%
\n⚡ TC Energy<\/a> -0.64%<\/p>\n","protected":false},"excerpt":{"rendered":"

North American markets rebounded Wednesday morning from Tuesday’s moderate sell-off, sparked by the coronavirus pandemic in China, but closed Wednesday only modestly in the green. The TSX, S&P and Nasdaq hung on to finish positive while the Dow finished slightly […]<\/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":[],"class_list":["post-141896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/141896","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=141896"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/141896\/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=141896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=141896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=141896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}