{"id":160917,"date":"2020-04-13T21:41:01","date_gmt":"2020-04-13T21:41:01","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=160917"},"modified":"2020-04-13T22:51:22","modified_gmt":"2020-04-13T22:51:22","slug":"stocks-mixed-to-kick-off-earnings-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-mixed-to-kick-off-earnings-week\/","title":{"rendered":"Stocks mixed to kick off earnings week"},"content":{"rendered":"

The Dow, S&P and TSX drifted down Monday as the Nasdaq ticked up to start earnings<\/a> week. Compared to recent weeks, the Dow’s 1.39% shave and Nasdaq’s 0.5% climb was modest as the VIX continued to decline, down to 41.17 (half that four weeks ago). However, the Dow fell as much as 2.5% during Monday’s session, betraying jitters felt by investors who are wandering into a fog of uncertain earnings outlooks.<\/p>\n

What will corporate profits look like for 2020 and how bad will losses be in the past quarter?<\/p>\n

On both sides of the border, consumer discretionary, tech and communication stocks gained. For instance, AMD<\/a> jumped 5.29%. In Canada, real estate and industrials took a hit. Energy slipped only 0.8% on the TSX, though WCS dipped below $40\/barrel again. The sell-off was in reaction to OPEC<\/a> and its allies finalizing oil cuts over the weekend to an historic 9.7 million barrels a day, but markets were remained even that isn’t enough to reduce the current oversupply, driven by the pandemic. Gold stocks were the biggest gainers with Yamana Gold<\/a>, B2Gold<\/a> and Kinross <\/a>soaring past 10% in heavy trading. In contrast, Aurora Cannabis<\/a> plunged 13% after announcing a reverse stock split.<\/p>\n

💿 Advanced Micro Devices<\/a> +5.29%
\n🥇 Yamana Gold Inc.<\/a> +10%
\n🥇 B2Gold Corp.<\/a> +10%
\n🌿 Aurora Cannabis<\/a> -13%<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dow, S&P and TSX drifted down Monday as the Nasdaq ticked up to start earnings week. Compared to recent weeks, the Dow’s 1.39% shave and Nasdaq’s 0.5% climb was modest as the VIX continued to decline, down to 41.17 […]<\/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-160917","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\/160917","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=160917"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/160917\/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=160917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=160917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=160917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}