{"id":172383,"date":"2020-06-02T21:01:47","date_gmt":"2020-06-02T21:01:47","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=172383"},"modified":"2020-06-03T13:35:32","modified_gmt":"2020-06-03T13:35:32","slug":"reopenings-continue-to-push-markets-up-despite-american-riots","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/reopenings-continue-to-push-markets-up-despite-american-riots\/","title":{"rendered":"Reopenings continue to push markets up"},"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\/1109\/Robert-Lauzon\">Robert Lauzon<\/a> including <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com<\/a> (<strong>A Top Pick Aug 21\/19, Up 32%<\/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>Markets around the world continued to rise Tuesday, despite continued violence across American streets surrounding the controversial death of <a href=\"https:\/\/edition.cnn.com\/us\/live-news\/george-floyd-protests-06-02-20\/index.html\" target=\"_blank\" rel=\"noopener\">George Floyd<\/a> and Trump&#8217;s inflammatory rhetoric and threats to deploy the U.S. Army against America&#8217;s own citizens. Riots from San Francisco to New York are impeding the reopening of the U.S. economy and are threatening to increase Covid-19 cases.<\/p>\n<p>Several <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> employees staged a virtual walkout to <a href=\"https:\/\/www.marketwatch.com\/story\/zuckerberg-defends-facebook-stance-on-trump-posts-report-2020-06-02?siteid=yhoof2&amp;yptr=yahoo\" target=\"_blank\" rel=\"noopener\">protest<\/a> their CEO&#8217;s insistence of keeping Trump&#8217;s inflammatory and factually dubious posts on the social media network. Facebook stock plunged $5 during the day, but managed to close 0.35% higher. New York indices ticked up in the final hour of trading. The Dow closed just above 1% and the Nasdaq eventually rose to finish 0.59% higher.<\/p>\n<p>The TSX closed 1% higher, led by energy, which spiked 4.5%. Not only has Canadian oil has returned to March levels (as seen in the <a href=\"https:\/\/stockchase.com\/company\/view\/1373\/XEG-T\">XEG ETF<\/a> which popped 4.88%), but the differential between WCS and WTI has narrowed to $8 (a barrel of WTI at $37 and WCS at $29). Financials also rallied. For instance, <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> popped nearly 3%. <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> soared 8.55% on a report that the cybersecurity company is in talks with <a href=\"https:\/\/stockchase.com\/company\/view\/476\/FFH-T\">Fairfax Financial<\/a>, its biggest shareholder, to take over the company. Fairfax denied the rumour, though.<\/p>\n<p>&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> +0.35%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1373\/XEG-T\">iUnits S&amp;P\/TSX Capped Energy ETF<\/a> +4.88%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial<\/a> +3%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> +8.55%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Robert Lauzon including Amazon.com (A Top Pick Aug 21\/19, Up 32%) Get Premium to receive all past top picks opinions a few hours before market open. Markets around the world continued [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":170380,"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-172383","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\/172383","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=172383"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/172383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/170380"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=172383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=172383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=172383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}