{"id":147245,"date":"2020-02-13T21:45:43","date_gmt":"2020-02-13T21:45:43","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=147245"},"modified":"2020-02-17T13:34:32","modified_gmt":"2020-02-17T13:34:32","slug":"markets-give-back-on-rising-coronavirus-cases","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-give-back-on-rising-coronavirus-cases\/","title":{"rendered":"Markets give back on rising coronavirus cases"},"content":{"rendered":"

Markets pulled back slightly on Thursday on news from China that coronavirus<\/a> cases have spiked, due to a different method that Chinese authorities are now using in counting cases. This week, markets were breaking all-time highs on optimism that the worst was behind us. Now, there is uncertainty among investors.<\/p>\n

The Dow sold off 0.43%, but the S&P and Nasdaq declined only modestly while the TSX was nearly flat. However, both crude oil (0.8%) and gold (0.5%) ticked up in the session. Despite that, energy was the weakest sector on the TSX, falling o.52%, though telcoms were pummelled 0.77%. In contrast, materials and real estate enjoyed healthy gains.\u00a0 For example, CAP REIT<\/a> scaled new heights, rising 0.88%.<\/p>\n

In the U.S., Coca-Cola<\/a> popped 2.32% in heavy trading while Beyond Meat<\/a> shed that much during a choppy session for the broad New York markets. The FANGs gave back only modestly after breaking new highs the past week, although Cisco Systems<\/a> plunged over 5%. Nvidia<\/a> reported strong earnings<\/a>, but warned of the future impact of the virus. After hours, it spiked 6%.<\/p>\n

🏛 Canadian Apartment Properties<\/a> +0.88%
\n🥤 Coca-Cola Company<\/a> +2.32%
\n🥩 Beyond Meat Inc.<\/a> -2.32%
\n📱 Cisco<\/a> -5%
\n💻 Nvidia Corp<\/a> +6%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets pulled back slightly on Thursday on news from China that coronavirus cases have spiked, due to a different method that Chinese authorities are now using in counting cases. This week, markets were breaking all-time highs on optimism that the […]<\/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-147245","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\/147245","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=147245"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/147245\/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=147245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=147245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=147245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}