{"id":146086,"date":"2020-02-07T22:13:00","date_gmt":"2020-02-07T22:13:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=146086"},"modified":"2020-02-10T16:42:27","modified_gmt":"2020-02-10T16:42:27","slug":"markets-pare-record-breaking-gains-to-end-the-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-pare-record-breaking-gains-to-end-the-week\/","title":{"rendered":"Markets pare record-breaking gains to end the week"},"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\/FXI-N\">iShares Xinhua China 25 ETF<\/a> (<strong>A Top Pick Nov 09\/18, Up 7%<\/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>Makets gave back on Friday to close a record-breaking week. The Dow lost nearly 1% while the TSX shed 0.54%. The Nasdaq slipped 0.54% but gained over 4% this week which saw tech stocks like Tesla and Microsoft shatter their own highs as well as the indices. In Canada, the TSX lost ground over continuing <a href=\"https:\/\/www.reuters.com\/article\/canada-stocks\/canada-stocks-tsx-falls-on-energy-declines-coronavirus-fears-idUSL4N2A73UJ\" target=\"_blank\" rel=\"noopener\">coronavirus<\/a> fears which, in turn, are depressing demand for oil. WCS oil was down 1.24% and the energy sector fell 1.74%.<\/p>\n<p>A glimmer of hope in Canadian oil lies with the <a href=\"https:\/\/ca.news.yahoo.com\/cost-trans-mountain-expansion-soars-152034311.html\" target=\"_blank\" rel=\"noopener\">Trans Mountain<\/a> pipeline which won a court challenge this week, but on Friday announced that the cost has ballooned from $7.4 billion to $12.6 billion. Investors shrugged off strong <a href=\"https:\/\/www.ctvnews.ca\/business\/statistics-canada-says-economy-added-34-500-jobs-in-january-unemployment-down-1.4801408\" target=\"_blank\" rel=\"noopener\">employment<\/a> numbers as unemployment fell from 5.6% in December to 5.5% in January. Friday&#8217;s biggest gainer was <a href=\"https:\/\/stockchase.com\/CAE-T\">CAE<\/a>, up 3.36%, after posting a profit <a href=\"https:\/\/finance.yahoo.com\/news\/canadas-cae-posts-26-jump-134445329.html\" target=\"_blank\" rel=\"noopener\">beat<\/a>. The day&#8217;s loser was <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora Cannabis<\/a>, <a href=\"https:\/\/ca.news.yahoo.com\/more-pain-store-canadian-marijuana-203703643.html\" target=\"_blank\" rel=\"noopener\">plunging<\/a> over 15% after it announced 500 job cuts including its CEO&#8217;s.<\/p>\n<p>South of the border, investors also ignored very good <a href=\"https:\/\/www.cnbc.com\/2020\/02\/07\/us-nonfarm-payrolls-january-2019.html\" target=\"_blank\" rel=\"noopener\">employment<\/a> news today and sold. Among the biggest gainers was <a href=\"https:\/\/stockchase.com\/BYND-Q\">Beyond Meat<\/a>, soaring 4%. Meanwhile, <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynn Resorts<\/a> was one of the biggest losers, down 5.43% as gambling resorts and cruise lines continue to be pressured by the coronavirus and plunging Chinese demand.<\/p>\n<p>&#x2708; <a href=\"https:\/\/stockchase.com\/CAE-T\">CAE Inc<\/a> +3.36%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora Cannabis<\/a> -15%<br \/>\n&#x1f969; <a href=\"https:\/\/stockchase.com\/BYND-Q\">Beyond Meat Inc.<\/a> +4%<br \/>\n&#x1f3e2; <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynne Resorts Ltd.<\/a> -5.43%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Richard Croft including iShares Xinhua China 25 ETF (A Top Pick Nov 09\/18, Up 7%) Get Premium to receive all past top picks opinions a few hours before market open. Makets [&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-146086","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\/146086","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=146086"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/146086\/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=146086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=146086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=146086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}