{"id":178513,"date":"2020-07-10T22:53:03","date_gmt":"2020-07-10T22:53:03","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=178513"},"modified":"2020-07-11T15:26:58","modified_gmt":"2020-07-11T15:26:58","slug":"markets-rally-to-close-a-choppy-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-to-close-a-choppy-week\/","title":{"rendered":"Markets rally to close a choppy 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\/1392\/Brian-Madden\">Brian Madden<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/PXT-T\">Parex Resources Inc.<\/a> (<strong>A Top Pick Aug 01\/18, Down 7%<\/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>After a shaky opening Friday morning, markets on both sides of the border rallied towards the end of the day to close positive. The TSX gained just over 100 points for the week. Mere days after Ottawa announced a monster deficit, good news arrived: Canada added nearly a million jobs in June, pushing the <a href=\"https:\/\/www.ctvnews.ca\/business\/economy-adds-953-000-jobs-in-june-unemployment-rate-falls-1.5018613\" target=\"_blank\" rel=\"noopener\">unemployment<\/a> rate down, as the country began to reopen. Both figures beat the street.<\/p>\n<p>Financials led gains, spiking nearly 2% while energy surged 1.45% as the price of WCS jumped nearly 4% and WTI over 2%. Friday&#8217;s biggest gainers included <a href=\"https:\/\/stockchase.com\/VET-T\">Vermilion Energy<\/a> and <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy Growth<\/a>, both popping 8%. Tech took a breather as <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> sold off 3%.<\/p>\n<p>South of the border, the big news was that <a href=\"https:\/\/stockchase.com\/GILD-Q\">Gilead<\/a> announced positive test results for its anti-COVID drug, <a href=\"https:\/\/www.dailymail.co.uk\/health\/article-8510313\/Gilead-says-additional-data-remdesivir-shows-improved-clinical-recovery.html\" target=\"_blank\" rel=\"noopener\">Remdesivir<\/a>. Gilead shares rose 2.16% and encouraged risk-on sentiment. For example, <a href=\"https:\/\/stockchase.com\/NCLH-N\">Norwegian Cruiselines<\/a> jumped 7.89%. The tech trend continued Friday as big tech names such as <a href=\"https:\/\/stockchase.com\/GOOG-Q\">Alphabet<\/a> made new record closes. <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> rocketed 10.78%. The U.S. sunbelt continues to add new virus cases, but the mortality rates continues to decline. The past week of trading has seen this tug-of-war of investor sentiment expressed in choppy trading, but tech stocks remain the clear winners with the Nasdaq rising 4% for the week.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/VET-T\">Vermilion Energy Inc<\/a> +8%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy Growth Corp.<\/a> +8%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed POS<\/a> -3%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/GILD-Q\">Gilead Sciences Inc.<\/a> +2.16%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/NCLH-N\">Norwegian Cruise Line Holdings<\/a> +7.89%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc<\/a> +10.78%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Brian Madden\u00a0including Parex Resources Inc. (A Top Pick Aug 01\/18, Down 7%) Get Premium to receive all past top picks opinions a few hours before market open. After a shaky opening [&hellip;]<\/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-178513","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\/178513","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=178513"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/178513\/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=178513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=178513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=178513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}