{"id":177934,"date":"2020-07-08T00:46:28","date_gmt":"2020-07-08T00:46:28","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=177934"},"modified":"2020-07-08T01:02:55","modified_gmt":"2020-07-08T01:02:55","slug":"markets-give-back-tuesday-on-u-s-virus-concerns","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-give-back-tuesday-on-u-s-virus-concerns\/","title":{"rendered":"Markets give back Tuesday on U.S. virus concerns"},"content":{"rendered":"

Yesterday’s newsletter was missing Monday’s after the close comment. If you’d like to read it today, you can find it here : World markets surge to begin week<\/a>. Sorry for this technical glitch…<\/p>\n

Tuesday markets sold off some of its recent gains due to profit-taking as well as fresh concerns that the ongoing rise of COVID-19 cases in the American sunbelt will stall the U.S. recover. This includes remarks made from a high official at the Federal Reserve Bank of Atlanta<\/a> in one of the hotspot states.<\/p>\n

On Wall Street, trading was negative for most of the day and particularly in the final hour. The S&P closed -1.08%, the Dow -1.51% and the Nasdaq -0.86%. Among the session’s losers was Boeing<\/a>, plunging 4.81%, and Raytheon<\/a> which shed 3.65%. Even though Microsoft made a new all-time high during Tuesday, it closed -1.16%. One of the few bright spots was Tesla<\/a>, which rose 1.33% after Morgan Stanley<\/a> upgraded its price target, expecting “resilient” demand for Tesla’s e-cars.<\/p>\n

The TSX fared a little better, trading positive until the last leg of the session and closing -0.47%. Materials were the best-performing sector, rallying 2% with names like Kinross<\/a> up 2.54% and Franco Nevada<\/a> climing 2.36%. CP Rail<\/a> continues to flirt with its 52-week high, inching up 0.78% while Shopify<\/a> continued to rise 3.12%. Gold cracked $1,800\/ounce, returning to 2011 highs while oil lost around 0.7%. The most surprising news on this side of the border was that Toronto home prices<\/a> hit all-time highs, confounding the CMHC’s prediction of a decline.<\/p>\n

🛫 Boeing<\/a> -4.81%
\n💻 Raytheon<\/a> -3.65%
\nⓂ Microsoft<\/a> -1.16%
\n🚗 Tesla Motors Inc<\/a> +1.33%
\n🥇 Kinross Gold<\/a> +2.54%
\n🥇 Franco-Nevada Corp.<\/a> +2.36%
\n🛍 Shopify Inc.<\/a> +3.12%<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday’s newsletter was missing Monday’s after the close comment. If you’d like to read it today, you can find it here : World markets surge to begin week. Sorry for this technical glitch… Tuesday markets sold off some of its […]<\/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-177934","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\/177934","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=177934"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/177934\/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=177934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=177934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=177934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}