{"id":178757,"date":"2020-07-13T21:30:51","date_gmt":"2020-07-13T21:30:51","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=178757"},"modified":"2020-07-13T21:30:51","modified_gmt":"2020-07-13T21:30:51","slug":"stocks-slide-on-california-rollback","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-slide-on-california-rollback\/","title":{"rendered":"Stocks slide on California rollback"},"content":{"rendered":"

The trading week began on a high note as indices on both sides of the border rallied, that is until mid-afternoon. California<\/a> announced it was rolling back its reopening plans that will effect 80% of its population. The reason for the sweeping measure was that the state is averaging more than twice as many new daily cases of COVID-19 compared to last month. California has the second-highest number of cases in the States.<\/p>\n

The S&P closed -0.94% and the Nasdaq finished -2.13%. Even Amazon<\/a> shed 3%. Only the Dow finished positive, just 0.04%. The California news shook investors. Disney<\/a> just reopened its theme park in Florida<\/a>, another state seeing a surge in cases, and will temporarily close its Hong Kong park due to a spike in cases there (albeit, far lower than Florida’s numbers). To add to the volatility, Trump<\/a> is openly discrediting his top public health official, Anthony Fauci.<\/p>\n

As California announced its closures, Ontario<\/a> said most of the province would enter phase three, but the economic engine of the Golden Horseshoe will have to wait a little longer. Top gainers on the TSX were Aphria<\/a>, up nearly 9%, Shaw<\/a> at almost 6%, and Goodfood<\/a>, rising 5.52%. WTI slid over 2%, but WCS as well as gold stayed flat.<\/p>\n

📦 Amazon.com<\/a> -3%
\n🌿 Aphria Inc<\/a> +9%
\n📱 Shaw Communication<\/a> +6%
\n🍱 Goodfood Market Corp.<\/a> +5.52%<\/p>\n","protected":false},"excerpt":{"rendered":"

The trading week began on a high note as indices on both sides of the border rallied, that is until mid-afternoon. California announced it was rolling back its reopening plans that will effect 80% of its population. The reason for […]<\/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-178757","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\/178757","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=178757"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/178757\/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=178757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=178757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=178757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}