{"id":152908,"date":"2020-03-10T20:40:28","date_gmt":"2020-03-10T20:40:28","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=152908"},"modified":"2020-03-11T13:56:20","modified_gmt":"2020-03-11T13:56:20","slug":"markets-see-saw-but-finish-up-on-vague-washington-hopes","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-see-saw-but-finish-up-on-vague-washington-hopes\/","title":{"rendered":"Markets see-saw but finish up on vague Washington hopes"},"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\/1204\/Gordon-Reid\">Gordon Reid<\/a> including <a href=\"https:\/\/stockchase.com\/company\/view\/761\/MCD-N\">McDonalds<\/a> (<strong>A Top Pick Aug 21\/18, Up 39%<\/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>The Dow swung another 1,000 points on Tuesday, but the New York indices ultimately closed up nearly 5% instead of sharply down like Monday. Hopes were raised in the afternoon when <a href=\"https:\/\/www.cbc.ca\/news\/business\/markets-tuesday-1.5492366\" target=\"_blank\" rel=\"noopener\">Trump<\/a> reiterated promises of injecting stimulus to the American economy, but details were few and the late-afternoon rally felt tentative.<\/p>\n<p>The market consensus is that volatility won&#8217;t ebb until the number of coronavirus cases declines, as they are in China and South Korea. The <a href=\"https:\/\/www.nbcnews.com\/health\/health-news\/live-blog\/coronavirus-updates-live-u-s-europe-brace-infection-spread-italy-n1153801\" target=\"_blank\" rel=\"noopener\">U.S. and Italy<\/a> are finally taking measures to curb the spread of the outbreak. The uncertainty fed a choppy session with markets opening up 3.5%, but then fading by lunchtime and even dipping into the red.<\/p>\n<p>The rally was led by oil snapping back after a brutal Monday when it plunged over 30%. On Tuesday, WTI regained over 14% by the close at $34.50 while WCS soared nearly 21% to $21.50. Big oil names like <a href=\"https:\/\/stockchase.com\/company\/view\/286\/CNQ-T\">Canadian Natural Resources<\/a> rose nearly 3% and <a href=\"https:\/\/stockchase.com\/company\/view\/3969\/MEG-T\">MEG Energy<\/a> soared 16.5% Financials, both banks and telcos, saw some relief after being hammered, like <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> which climbed 5.45%. In the States, tech names, such as <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> rebounded 7.2% while travel and leisure companies rallied after Trump promised some support. <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal Caribbean<\/a> rose 7%. So far, there&#8217;s no news in the oil war between, though <a href=\"https:\/\/www.cnbc.com\/2020\/03\/10\/oil-prices-russia-hints-at-further-talks-with-saudi-arabia-and-opec.html\" target=\"_blank\" rel=\"noopener\">Russia<\/a> has not ruled out talks with Saudi Arabia.<\/p>\n<p>&#x1f682; <a href=\"https:\/\/stockchase.com\/company\/view\/287\/CNR-T\">Canadian National R.R.<\/a> +3%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3969\/MEG-T\">MEG Energy Corp<\/a> +16.50%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial<\/a> +5.45%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +7.20%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal Caribbean Cruises<\/a> +7%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Gordon Reid including McDonalds (A Top Pick Aug 21\/18, Up 39%) Get Premium to receive all past top picks opinions a few hours before market open. The Dow swung another 1,000 [&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-152908","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\/152908","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=152908"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/152908\/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=152908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=152908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=152908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}