{"id":176150,"date":"2020-06-24T22:17:01","date_gmt":"2020-06-24T22:17:01","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=176150"},"modified":"2020-06-24T22:17:01","modified_gmt":"2020-06-24T22:17:01","slug":"stocks-slide-on-new-u-s-virus-cases","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-slide-on-new-u-s-virus-cases\/","title":{"rendered":"Stocks slide on new U.S. virus cases"},"content":{"rendered":"

Investors sold off stocks Wednesday, worried over the continuing rise in new COVID-19<\/a> cases in some U.S. states. In particular, Florida, Texas, California and Arizona are seeing a spike as America and other nations open up. On Wednesday, for instance, Toronto<\/a> finally entered phase two that allows malls and bars to open. After bouncing back for the last three months, Wall Street saw steep declines with the Dow Jones plunging 2.72%, the S&P falling 2.58% and the Nasdaq shedding 2.19%. Industrials and consumer discretionary stocks were hit hard. JPMorgan<\/a> dropped 3.34% while travel names such as United Airlines<\/a> nosedived 8.34%. Even tech darlings which had struck new all-time highs the day before, lost ground with Facebook<\/a> slipping 3.39%. Controversially, Trump is threatening to launch new tariffs<\/a> on the E.U. in a spat over Airbus. Washington is also considering aluminum tariffs on Canada<\/a>, which is putting investors further on edge.<\/p>\n

Despite that, Bay Street outperformed its New York peers on Wednesday, with the TSX slipping only 1.68%. In particular, energy weighed down the Toronto index, falling 3.78%. Oil oversupply<\/a> is to blame. Both WCS and WTI prices fell around 6%. Though shops are reopening across Canada, Canada Goose<\/a> stock dropped 6.68% and even tech favourite, Lightspeed<\/a>, plunged nearly 5%.<\/p>\n

🏛 JP Morgan Chase & Co<\/a> -3.34%
\n🛫 United Airlines Holdings<\/a> -8.34%
\n🕵️‍♂️ Facebook<\/a> -3.39%
\n🧣 Canada Goose Holdings<\/a> -6.68%
\n📀 Lightspeed POS<\/a> -5%<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors sold off stocks Wednesday, worried over the continuing rise in new COVID-19 cases in some U.S. states. In particular, Florida, Texas, California and Arizona are seeing a spike as America and other nations open up. On Wednesday, for instance, […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"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-176150","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\/176150","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=176150"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/176150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=176150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=176150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=176150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}