{"id":183045,"date":"2020-08-06T23:21:46","date_gmt":"2020-08-06T23:21:46","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=183045"},"modified":"2020-08-06T23:21:46","modified_gmt":"2020-08-06T23:21:46","slug":"nasdaq-cracks-11k-oil-surges","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/nasdaq-cracks-11k-oil-surges\/","title":{"rendered":"Nasdaq cracks 11K, oil surges"},"content":{"rendered":"

The rally continued on both sides of the border, despite worries of over-stretched markets. Though the price of WTI and WCS lost ground by Thursday’s close, Canadian energy stocks rallied 1.36%. Tourmaline Oil<\/a> surged nearly 6%. Bausch Health<\/a> initially shot up 11% after announcing it was spining off its eyecare unit, Bausch + Lomb, into a separate publicly-listed company. Bausch stock eventually closed just shy of 4%. Toymaker Spin Master<\/a> zoomed over 17% after releasing surprisingly strong Q2 results<\/a>. It was the largest gainer on the TSX Thursday.<\/p>\n

In New York, Wall Street got off to a sluggish start, but closed higher. In particularly, the Nasdaq shattered 11,000 points for the first time, climbing precisely 1% to close at 11,108. There’s a prevailing sense that tech stocks are rallying on momentum and FOMO (fear of missing out). Apple<\/a> jumped 3.49% in heavy trading without any news or quarterly reports. Not so for Facebook<\/a>, which leapt 6.49%, and Twitter<\/a>, up 2.45%, which banned a fake-news Trump<\/a> video where he insists that children are “almost immune” from COVID-19, which dangerously contradicts science.<\/p>\n

Investors still hope that Washington will agree on a new fiscal stimulus package, but negotiations continue without a clear signal. However, American corporate earnings reports so far have exceeded by 22.5% analyst expectations<\/a>, according to IBES Refinitiv data, the highest on record since 1994.<\/p>\n

🛢 Tourmaline Oil Corp<\/a> +6%
\n💊 Bausch Health Companies Inc.<\/a> +4%
\n🧸 Spin Master Corp<\/a> +17%
\n🍎 Apple<\/a> +3.49%
\n🕵️‍♂️ Facebook<\/a> +6.49%
\n🐦 Twitter, Inc<\/a> +2.45%<\/p>\n","protected":false},"excerpt":{"rendered":"

The rally continued on both sides of the border, despite worries of over-stretched markets. Though the price of WTI and WCS lost ground by Thursday’s close, Canadian energy stocks rallied 1.36%. Tourmaline Oil surged nearly 6%. Bausch Health initially shot […]<\/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-183045","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\/183045","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=183045"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/183045\/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=183045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=183045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=183045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}