{"id":181752,"date":"2020-07-30T22:11:53","date_gmt":"2020-07-30T22:11:53","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=181752"},"modified":"2020-07-30T22:11:53","modified_gmt":"2020-07-30T22:11:53","slug":"toronto-flat-on-weak-oil-u-s-down-on-data-politics","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/toronto-flat-on-weak-oil-u-s-down-on-data-politics\/","title":{"rendered":"Toronto flat on weak oil, U.S. down on data, politics"},"content":{"rendered":"

Thursday saw a flurry of earnings, particularly big U.S. tech stocks after the bell. At the closing bell, the TSX closed flat, though managed to climb throughout the session to close up 0.03%. The price of WCS plunged 4.25% and several oil stocks announced brutal earnings, such as Husky Energy<\/a>, whose stock<\/a> plunged nearly 5%. Gold names, which have enjoyed a sharp run-up, gave back some ground. Argonaut Gold closed -7.88%. More positive were utilities. Algonquin Power announced a deal<\/a> to develop green power with Chevron<\/a>. Algonquin<\/a> popped 2.32% though Chevron<\/a> fell 4.22% on falling oil prices. Investors were happy with Maple Leaf Foods<\/a> announced<\/a> a healthy Q2 report and raised shares by 5.37%.<\/p>\n

Across the border, the high number of COVID cases across the sunbelt continues to weigh on investors, but Trump<\/a>‘s threat to illegally delay the American vote in November was rejected by both Democrats and Republicans and did not soothe fears. Also, U.S. GDP<\/a> shrunk a record-breaking 32.9% in Q2 and another 1.4 million Americans filed jobless claims last week.<\/p>\n

As a result, the Dow closed -0.85% and the S&P -0.38%. The Nasdaq, however, climbed 0.43%, and big tech names reported beats after the bell and a day after congressional grilling. Amazon<\/a>‘s Q2 revenues blew past estimates, though the street was a little disappointed by its cloud numbers. Amazon jumped over 4% after hours. Facebook<\/a> beat its topline, bottom line and ad revenue and leapt over 6% right after the news.<\/p>\n

🛢 Husky Energy<\/a> -5%+4%
\n🥇 Argonaut Gold<\/a> -7.88%
\n♻ Algonquin Power & Utilities Corp<\/a> +2.32%
\n🛢 Chevron Texaco<\/a> -4.22%
\n🍱 Maple Leaf Foods<\/a> +5.37%
\n📦 Amazon.com<\/a> +4%
\n🕵️‍♂️ Facebook<\/a> +6%<\/p>\n","protected":false},"excerpt":{"rendered":"

Thursday saw a flurry of earnings, particularly big U.S. tech stocks after the bell. At the closing bell, the TSX closed flat, though managed to climb throughout the session to close up 0.03%. The price of WCS plunged 4.25% and […]<\/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-181752","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\/181752","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=181752"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/181752\/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=181752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=181752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=181752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}