{"id":182822,"date":"2020-08-05T22:09:07","date_gmt":"2020-08-05T22:09:07","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=182822"},"modified":"2020-08-05T22:10:11","modified_gmt":"2020-08-05T22:10:11","slug":"oil-mickey-and-washington-lift-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-mickey-and-washington-lift-markets\/","title":{"rendered":"Oil, Mickey and Washington lift markets"},"content":{"rendered":"

Investors were in a buying mood Wednesday on both sides of the border. The TSX rallied 0.82% on news that U.S. crude inventories fell 8.6 million barrels, much more than the expected three-million drop in the week ending August 1. The Canadian energy sector rose 3.29%, followed by financials and industrials. Goodfood Market<\/a> continued to surge, jumping nearly 15% in heavy trading, and rocky names like HudbayMinerals<\/a> enjoyed gains of nearly 10% and oily ones like Cenovus<\/a> leapt almost 7%. Gold inched nearly 1%.<\/p>\n

Despite a mixed report issued the day before, Disney<\/a> helped lift Wall Street with its surprise quarterly profit. True, Disney<\/a>‘s revenues declined at its theme parks and media networks, but the losses were not as bad as the street feared. Mickey’s stock popped 8.8%. The Dow rallied 1.39% while the S&P closed 0.64% higher and the Nasdaq 0.52%.<\/p>\n

Earnings season continued with Square<\/a> reporting<\/a> a 64% rise in Q2 revenue, driven by more consumer buying online and Bitcoin growth. Square soared 7.1%. Industrials, financials and, to a lesser degree, energy listed the Dow. However, the backdrop in America remains very mixed. In July, services industry activity leapt to a new record high, but hiring declined as parts of the country struggle with many new cases of COVID-19. Also, investors remain confident that Washington will hammer out the latest relief deal, possibly Friday.<\/p>\n

🍱 Goodfood Market Corp.<\/a> +15%
\n👑 Hudbay Minerals Inc.<\/a> +10%
\n🛢 Cenovus Energy<\/a> +7%
\n👸 Walt Disney<\/a> +8.80%
\n🏛 Square Inc<\/a> +7.1%<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors were in a buying mood Wednesday on both sides of the border. The TSX rallied 0.82% on news that U.S. crude inventories fell 8.6 million barrels, much more than the expected three-million drop in the week ending August 1. […]<\/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-182822","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\/182822","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=182822"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/182822\/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=182822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=182822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=182822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}