{"id":142725,"date":"2020-01-24T23:22:40","date_gmt":"2020-01-24T23:22:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=142725"},"modified":"2020-01-25T14:01:36","modified_gmt":"2020-01-25T14:01:36","slug":"stocks-close-the-week-down-on-a-sell-off-over-virus-fears","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-close-the-week-down-on-a-sell-off-over-virus-fears\/","title":{"rendered":"Stocks close the week down on a sell-off over virus fears"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/59\/Richard-Croft\">Richard Croft<\/a> including <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> (<strong>A Top Pick Nov 09\/18, Up 2%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Markets sold off to end the week with the Nasdaq and S&amp;P down nearly 1%, though the TSX shaved only 0.32%. One catalyst was the spread of the <a href=\"https:\/\/www.marketwatch.com\/story\/dow-seen-opening-in-positive-territory-as-intel-amex-shares-punch-higher-in-premarket-action-2020-01-24?siteid=yhoof2&amp;yptr=yahoo\" target=\"_blank\" rel=\"noopener\">coronavirus<\/a> during Chinese New Year, a peak time for travel within that country. By the Friday close, Chinese authorities had reported 26 deaths while a second case was announced in the U.S.<\/p>\n<p>This stoke fears among investors that the disease could reduce economic activity in China. Another possible factor is the ongoing impeachment hearings of Donald Trump. Travel stocks, such as <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> (-4.03%) are getting hit, and crude oil plunged 2.5%, pressured by oversupply worries and virus fears. All major American indices closed at their lowest levels of the week; the TSX escaped that fate.<\/p>\n<p>Friday wasn&#8217;t entirely gloomy, though. <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> beat earnings and jumped 2.85%. Materials was one of the few sectors of the TSX that gained. <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna Silver Mines<\/a> (4.87%) and <a href=\"https:\/\/stockchase.com\/TGZ-T\">Teranga Gold <\/a>(3.85%) leapt, as well as any stock that included the word &#8220;gold&#8221; or &#8220;silver.&#8221; Utilities also enjoyed a happy Friday with two of them closing at all-time highs: <a href=\"https:\/\/stockchase.com\/NPI-T\">Northland Power<\/a> up 1.24% to just below $30, and <a href=\"https:\/\/stockchase.com\/BLX-T\">Boralex<\/a> rallying 0.85% to $27.23.<\/p>\n<p>&#x2708; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group<\/a> -4.03%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> +2.85%<br \/>\n&#x1f948; <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna Silver Mines<\/a> +4.87%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/TGZ-T\">Teranga Gold<\/a> +3.85%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/NPI-T\">Northland Power Inc<\/a> +1.24%<br \/>\n&#x26a1; <a href=\"https:\/\/stockchase.com\/BLX-T\">Boralex Inc.<\/a> +0.85%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Richard Croft including Boeing (A Top Pick Nov 09\/18, Up 2%) Get Premium to receive all past top picks opinions a few hours before market open. Markets sold off to end [&hellip;]<\/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-142725","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\/142725","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=142725"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/142725\/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=142725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=142725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=142725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}