{"id":179888,"date":"2020-07-20T22:04:30","date_gmt":"2020-07-20T22:04:30","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=179888"},"modified":"2020-07-20T22:04:30","modified_gmt":"2020-07-20T22:04:30","slug":"vaccine-news-and-big-tech-drive-mondays-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/vaccine-news-and-big-tech-drive-mondays-highs\/","title":{"rendered":"Vaccine news and big tech drive Monday’s highs"},"content":{"rendered":"

The week began with the Nasdaq making another record close at 10,774, surging 2.58%. Naturally, the FANG stocks fueled the rally. Amazon<\/a>, for instance, jumped nearly 8%, Tesla<\/a> soared 9.47%, and Microsoft<\/a> leapt 4.3% after the cloud giant announced over the weekend a five-year deal<\/a> to supply Halliburton<\/a>. Another deal saw Chevron<\/a> (-2.18%) buy Noble Energy<\/a> (5.44%) in a US$5-billion all-stock deal<\/a>.<\/p>\n

These headlines competed with advances in COVID-19 drugs. AstraZeneca<\/a> and Oxford University announced positive results for its vaccine<\/a> in early clinical trials. In China, CanSino<\/a> also reported effective results in a human mid-stage trial. July will be a crucial month in vaccine and treatment testing. Surprisingly, AstraZeneca shares actually fell nearly 4% in Monday’s session. Perhaps investors were fretting the continuing high number of COVID-19 cases in the American sunbelt, although the latest numbers show they may be leveling off.<\/p>\n

In comparison, the TSX was quiet, gaining 0.46%. Energy and telcos lagged, but tech and materials led. Gold and silver names rallied again, with names such as Fortuna Silver Mines<\/a> and Silvercrest Metals<\/a>, both gaining over 11%. Gold itself ticked up modestly to stay above US$1,800\/ounce. Shopify<\/a> climbed 8.46%.<\/p>\n

📦 Amazon.com<\/a> +8%
\n🚗 Tesla Motors Inc<\/a> +9.47%
\nⓂ Microsoft<\/a> +4.3%
\n🛢 Chevron Texaco<\/a> -2.18%
\n🛢 Noble Energy Inc.<\/a> +5.44%
\n💉 Astrazeneca P L C<\/a> -4%
\n🥈 Fortuna Silver Mines<\/a> +11%
\n🥈 SilverCrest Metals Inc<\/a> +11%
\n🛍 Shopify Inc.<\/a> +8.46%<\/p>\n","protected":false},"excerpt":{"rendered":"

The week began with the Nasdaq making another record close at 10,774, surging 2.58%. Naturally, the FANG stocks fueled the rally. Amazon, for instance, jumped nearly 8%, Tesla soared 9.47%, and Microsoft leapt 4.3% after the cloud giant announced over […]<\/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-179888","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\/179888","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=179888"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/179888\/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=179888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=179888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=179888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}