{"id":148378,"date":"2020-02-20T01:13:25","date_gmt":"2020-02-20T01:13:25","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=148378"},"modified":"2020-02-20T01:13:25","modified_gmt":"2020-02-20T01:13:25","slug":"markets-and-oil-prices-jump-as-new-coronavirus-cases-decline","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-and-oil-prices-jump-as-new-coronavirus-cases-decline\/","title":{"rendered":"Markets and oil prices jump as new coronavirus cases decline"},"content":{"rendered":"

The number of new coronavirus<\/a> cases in China declined for the second straight day, injecting hope into markets and raising the S&P and Nasdaq to record highs, up 0.87% and 0.47% respectively. The news also propelled oil by 2.31% and, not to be left behind, gold by 0.64%.<\/p>\n

Also lifting investor sentiment was news that Japan’s exports fell much less than expected. Tech giants including Apple<\/a>, which just warned markets that the virus will eat into revenues this quarter, gained 1.45%. That number, however, paled next to chipmaker Nvidia<\/a> which leapt 6.11% to new highs.<\/p>\n

The TSX<\/a> also inched into record territory, climbing 0.38% and nearly reaching 18,000. Energy and materials led the charge. The energy sector spiked 2.2% with Whitecap Resources<\/a> soaring 5.68% and Crescent Point Energy<\/a> rallying 4.1%. However, the biggest gainer on Wednesday was the volatile Ballard Power Systems<\/a> which rocketed nearly 13%. However, it wasn’t all sunshine and roses. CN Rail<\/a> announced it was laying off 450 workers in eastern Canada due to the indigenous protests that have blockaded<\/a> the tracks near Belleville, ON and across the country that have essentially shut down all rail shipments.<\/p>\n

🍎 Apple<\/a> +1.45%
\n💻 Nvidia Corp<\/a> +6.11%
\n🛢 Whitecap Resources<\/a> +5.68%
\n🛢 Crescent Point Energy Corp<\/a> +4.1%
\n🚚 Ballard Power Systems<\/a> +13%<\/p>\n","protected":false},"excerpt":{"rendered":"

The number of new coronavirus cases in China declined for the second straight day, injecting hope into markets and raising the S&P and Nasdaq to record highs, up 0.87% and 0.47% respectively. The news also propelled oil by 2.31% and, […]<\/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-148378","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\/148378","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=148378"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/148378\/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=148378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=148378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=148378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}