{"id":162077,"date":"2020-04-17T21:55:05","date_gmt":"2020-04-17T21:55:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=162077"},"modified":"2020-04-18T11:46:09","modified_gmt":"2020-04-18T11:46:09","slug":"markets-rally-to-close-a-jumpy-but-hopeful-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-to-close-a-jumpy-but-hopeful-week\/","title":{"rendered":"Markets rally to close a jumpy, but hopeful 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\/1326\/Ryan-Bushell\">Ryan Bushell<\/a> including <a href=\"https:\/\/stockchase.com\/TD-T\">Toronto Dominion<\/a> (<strong>A Top Pick Apr 30\/19, Down 22%<\/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>Afterhours Thursday delivered a one-two punch to markets when a journal announced that one of <a href=\"https:\/\/edition.cnn.com\/2020\/04\/17\/business\/gilead-stock-coronavirus-dow-jones\/index.html\" target=\"_blank\" rel=\"noopener\">Gilead&#8217;s drugs<\/a> is helping some COVID-19 patients quickly recover, and from <a href=\"https:\/\/www.bbc.com\/news\/world-us-canada-52314866\" target=\"_blank\" rel=\"noopener\">Trump<\/a> promising to re-open some U.S. states gradually to ease the current national lockdown.<\/p>\n<p>The Dow soared 3%, though the Nasdaq gained only 1.38% as the indices reversed position from recent sessions. Playing catch-up, the beaten-up small-caps of the Russell 2000 leapt 4.33%. Energy and financials led with <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan<\/a> jumping 9% and <a href=\"https:\/\/stockchase.com\/XOM-N\">Exxon Mobil<\/a> surging 10.4%. The Nasdaq gained 6% for the week. <a href=\"https:\/\/stockchase.com\/GILD-Q\">Gilead<\/a> rallied nearly 10%, but warned that the drug is still in testing with further results due at the end of this month, then later in May.<\/p>\n<p>Stocks closed near session highs on both sides of the border as the TSX shot up 3.31% Friday and finished 1.36% higher for the week. The struggling energy sector finished a strong 8.3% higher as a barrel of WCS zoomed 50% higher to close over $11 per barrel. <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> and <a href=\"https:\/\/stockchase.com\/CNQ-T\">Crescent Point<\/a> rallied 11.5%. Tech and financials also outperformed. Investors in <a href=\"https:\/\/stockchase.com\/TSGI-T\">The Stars Group<\/a> hit the jackpot when it announced strong <a href=\"https:\/\/www.cbc.ca\/news\/business\/stars-group-earnings-1.5535688\" target=\"_blank\" rel=\"noopener\">earnings<\/a> as the lockdown has encouraged a surge in online gambling from home. Stars shot up 16.8%.<\/p>\n<p>Stay safe.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan Chase &amp; Co<\/a> +9%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/XOM-N\">Exxon Mobil<\/a> +10.40%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/GILD-Q\">Gilead Sciences Inc.<\/a> +10%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs<\/a> +11.50%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp<\/a> +11.50%<br \/>\n&#x1f3b0; <a href=\"https:\/\/stockchase.com\/TSGI-T\">The Stars Group Inc<\/a> +16.80%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Ryan Bushell including Toronto Dominion (A Top Pick Apr 30\/19, Down 22%) Get Premium to receive all past top picks opinions a few hours before market open. Afterhours Thursday delivered 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-162077","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\/162077","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=162077"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/162077\/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=162077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=162077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=162077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}