Wednesday’s bounce faded soon after the opening bell Thursday as the bears started selling. No, it wasn’t another rout, but the TSX closed -1.21% and the American indices fared worst, especially the Nasdaq which finished -1.99%. Also of note, volumes rose towards the end of the session, which doesn’t auger well for Friday.<\/p>\n
Nagging U.S. investors is the ongoing delay of the passage of the fifth stimulus bill as Senate Republicans<\/a> failed to advance it, and a rise in American<\/a> jobless claims, indicating that the labour market in the States is stalling. All the Dow components were down. In tech, Apple<\/a> sank 3.32% and in health Unitedhealth Group<\/a> slipped 2.38%. One of the few bright spots on Wall Street was Restoration Hardware which soared<\/a> 20% after beating earnings and revenues.<\/p>\n Likewise on Bay Street, Empire<\/a> rallied 4.26% after topping Q1 sales. Cargojet<\/a> climbed 3.39% and ATS Automation<\/a> Tooling rose 5.62% both in heavy trading. In contrast, Air Transat<\/a> announced that its revenues plunged 99% in the last quarter and is begging Ottawa for help and openly seeking financing. The airline’s woes casts doubt on the pending Air Canada acquisition. Transat<\/a> declined only 1.78% for the day, but the stock stands at a third of its 52-week high. Lastly, U.S. crude oil<\/a> inventories rose for the first time in seven weeks, sending oil stocks down. Canadian energy closed -2.21% and the price of WCS lost more than 2%.<\/p>\n 🍎 Apple<\/a> -3.32% Wednesday’s bounce faded soon after the opening bell Thursday as the bears started selling. No, it wasn’t another rout, but the TSX closed -1.21% and the American indices fared worst, especially the Nasdaq which finished -1.99%. Also of note, volumes […]<\/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-188673","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\/188673","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=188673"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/188673\/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=188673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=188673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=188673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n👨⚕️ UnitedHealth Group Inc<\/a> -2.38%
\n🚽 Restoration Hardware +20%
\n🍱 Empire Company (A)<\/a> +4.26%
\n🛫 Cargojet Inc<\/a> +3.39%
\n🏗 ATS Automation<\/a> +5.62%
\n🛫 Transat AT Inc.<\/a> -1.78%<\/p>\n","protected":false},"excerpt":{"rendered":"