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Markets continued to sell-off Friday, but ticked up in the final 30 minutes of trading on hopes that the U.S. Fed<\/a> will cut interest rates by 50 basis points on Sunday night. The Nasdaq (0.01%) and big tech names like Facebook<\/a> (1.43%) and Microsoft<\/a> (2.42%) actually edged into the green just as the closing bell rang. In contrast, the Dow closed down 1.39% on Friday and down 12% for the week. The S&P sank 0.82% and the TSX plunged 2.72%.<\/p>\n Overall, Friday’s weakness wasn’t as sharp and brutal as previous sessions, though crude oil and gold continued to slip. At least the TSX continued working on Friday after it embarrassingly collapsed from the sheer volume of trading before 2:00 pm Thursday. While investors are betting on a rate cut, the World Health Organization has upgraded the coronavirus<\/a> outbreak to “very high,” its highest level of risk. These conflicting forces–and any news that pops up over the weekend–will inform Monday morning’s market opening.<\/p>\n Two controversial Canadian stocks were among Friday’s biggest movers: Bombardier<\/a> nosedived over 14%, while SNC-Lavalin<\/a> soared 11%. Chipmaker Nvidia<\/a> shot up 7%, but American Airlines<\/a> plunged 7.52%. Markets remain in correction territory–the fastest one ever. Will they bounce back Monday or continue to sink? Either way, think long-term.<\/p>\n 🕵️♂️ Facebook<\/a> +1.43% This week, you missed Past Top Picks comments by Josef Schachter including Birchcliff Energy Ltd. (A Top Pick Feb 18\/18, Up 15%) Get Premium to receive all past top picks opinions a few hours before market open. Markets continued to […]<\/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-150506","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\/150506","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=150506"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/150506\/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=150506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=150506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=150506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nⓂ Microsoft<\/a> +2.42%
\n🚂 Bombardier Inc<\/a> -14%
\n⚒ SNC-Lavalin Group Inc.<\/a> +11%
\n💻 Nvidia Corp<\/a> +7%
\n✈ American Airlines Group<\/a> -7.52%<\/p>\n","protected":false},"excerpt":{"rendered":"