{"id":155580,"date":"2020-03-20T21:32:57","date_gmt":"2020-03-20T21:32:57","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=155580"},"modified":"2020-03-21T13:12:14","modified_gmt":"2020-03-21T13:12:14","slug":"markets-down-friday-to-close-another-tumultuous-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-down-friday-to-close-another-tumultuous-week\/","title":{"rendered":"Markets down Friday to close another tumultuous 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\/1204\/Gordon-Reid\">Gordon Reid<\/a> including <a href=\"https:\/\/stockchase.com\/HD-N\">Home Depot<\/a> (<strong>A Top Pick Mar 14\/18, Up 8%<\/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>Though futures promised a positive open, Friday markets closed down to end another rocky week as the world battles COVID-19. The Dow fell the lowest, shedding 4.55%, while big tech stocks limited the Nasdaq to -3.79%. The TSX sold off only 2.62%, and spent most of the day in positive territory. Winners in Toronto included <a href=\"https:\/\/stockchase.com\/CSH.UN-T\">Chartwell<\/a>, Canada&#8217;s largest operator of retirement homes, which soared 13.24% after plunging 50% in the past month. Another surprise, albeit negative, was <a href=\"https:\/\/stockchase.com\/BAM.A-T\">Brookfield Asset Management<\/a>. The Bay Street darling was hammered for 10.72%. Meanwhile, oil stocks continued to rise, with <a href=\"https:\/\/stockchase.com\/MEG-T\">MEG Energy<\/a> and and <a href=\"https:\/\/stockchase.com\/WCP-T\">Whitecap Resources<\/a> climbing nearly 13%, even as the Saudi-Russian oil war rages.<\/p>\n<p>In the U.S., travel and leisure stocks regained some massive losses. <a href=\"https:\/\/stockchase.com\/MAR-Q\">Marriott<\/a> and <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynn Resorts<\/a> surged 11.5% while <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Airlines<\/a> soared over 15%. <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival Cruises<\/a>, which investors have abandoned, leapt 20%.<\/p>\n<p>The backdrop to all this activity remains the virus. China and South Korea are on the road to <a href=\"https:\/\/www.aljazeera.com\/news\/2020\/03\/china-life-returning-normal-coronavirus-outbreak-slows-200317084803189.html\" target=\"_blank\" rel=\"noopener\">recovery<\/a>, but <a href=\"https:\/\/www.bbc.com\/news\/live\/world-51969508\" target=\"_blank\" rel=\"noopener\">Europe<\/a> continues to see more new cases along with more stimulus to keep economies afloat. Some economists are talking about a recession, but more predict a bounce in stocks. When exactly this will happen remains the billion-dollar question.<\/p>\n<p>&#x1f3e1; <a href=\"https:\/\/stockchase.com\/CSH.UN-T\">Chartwell Seniors Housing<\/a> +13.24%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAM.A-T\">Brookfield Asset Management<\/a> (A) -10.72%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/MEG-T\">MEG Energy Corp<\/a> +13%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/WCP-T\">Whitecap Resources<\/a> +13%<br \/>\n&#x1f3e2; <a href=\"https:\/\/stockchase.com\/MAR-Q\">Marriott International Inc.<\/a> +11.50%<br \/>\n&#x1f3e2; <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynne Resorts Ltd.<\/a> +11.50%<br \/>\n&#x2708; <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Airlines Holdings<\/a> +15%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival Corp.<\/a> +20%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Gordon Reid including Home Depot (A Top Pick Mar 14\/18, Up 8%) Get Premium to receive all past top picks opinions a few hours before market open. Though futures promised a [&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-155580","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\/155580","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=155580"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/155580\/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=155580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=155580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=155580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}