{"id":168468,"date":"2020-05-14T20:42:52","date_gmt":"2020-05-14T20:42:52","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=168468"},"modified":"2020-05-14T23:07:13","modified_gmt":"2020-05-14T23:07:13","slug":"tsx-flat-but-wall-street-rallies-as-reopenings-continue","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-flat-but-wall-street-rallies-as-reopenings-continue\/","title":{"rendered":"TSX flat, but Wall Street rallies as reopenings continue"},"content":{"rendered":"

What started as a sell-off Thursday in New York and Toronto ended in a rally against a backdrop of hope, fear and uncertainty as economies continue to gradually reopen.The Dow gained 1.62%, lifted by tech, financials and healthcare, and led by American Express<\/a> (7.41%) and UnitedHealth Group<\/a> (4.54%). Chipmakers like Micron<\/a>, up 5.05%, also enjoyed a good session. In all, the Dow swung 780 points on Thursday.<\/p>\n

Less dramatic were the Nasdaq, rising 0.91% and the S&P, climbing 1.15%. This follows two days of sharp selling as well as the latest jobless report that stated nearly 3 million Americans joined the jobless ranks. At the same time, major businesses like McDonald’s<\/a> (1.5%) continued to announce their reopening<\/a> plans.<\/p>\n

In contrast, investors on the TSX were more cautious as the Toronto index barely closed in the positive at 0.04%. This despite WCS soaring nearly 10% to approach $28 per barrel. Real estate and materials were the only sectors that rallied, with Barrick Gold<\/a> jumping 3.42%, but Enbridge<\/a> shedding 2.36%. American Hotel Income Properties<\/a> REIT with operations in the U.S., soared over 14% after issuing a positive earnings report<\/a> and outlook. Headlines noted that the Bank of Canada<\/a> is confident that Canadian banks will manage the Covid-19 fall-out, and Ontario<\/a> announced its first phase of reopening on May 19 as cases continue to decline.<\/p>\n

💳 American Express<\/a> +7.41%
\n👨‍⚕️ UnitedHealth Group Inc<\/a> +4.54%
\n💾 Micron Technology<\/a> +5.05%
\n🍔 McDonalds<\/a> -1.5%
\n🥇 Barrick Gold<\/a> +3.42%
\n🛢 Enbridge<\/a> -2.36%
\n🏛 American Hotel Income Properties<\/a> +14%<\/p>\n","protected":false},"excerpt":{"rendered":"

What started as a sell-off Thursday in New York and Toronto ended in a rally against a backdrop of hope, fear and uncertainty as economies continue to gradually reopen.The Dow gained 1.62%, lifted by tech, financials and healthcare, and led […]<\/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-168468","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\/168468","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=168468"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/168468\/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=168468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=168468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=168468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}