{"id":189088,"date":"2020-09-14T20:16:48","date_gmt":"2020-09-15T00:16:48","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=189088"},"modified":"2020-09-14T20:16:48","modified_gmt":"2020-09-15T00:16:48","slug":"tech-and-drug-headlines-drive-stocks-up","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-and-drug-headlines-drive-stocks-up\/","title":{"rendered":"Tech and drug headlines drive stocks up"},"content":{"rendered":"

The trading week began on a positive note as tech news propelled the Nasdaq and other indices higher. In the morning, Oracle<\/a> confirmed it’s part of the TikTok\/Bytedance proposal. Microsoft lost out on this deal, which still needs White House approval, but may be quashed entirely by the Chinese government. Beijing<\/a> may simply shutter the U.S. operation of this popular social media app than to let any American company buy it. The deal is far from a slam dunk. Meanwhile, chipmaker Nvidia announced it was buying SoftBank’s chip business, Arm Limited. Nvidia<\/a> soared 5.82%, Microsoft<\/a> finished 0.68%, though it was trading $3 higher in the morning, while Oracle<\/a> rallied 4.32%. The Nasdaq spiked 1.87% based on the headlines while the S&P rose 1.39% and the Dow climbed 1.22%.<\/p>\n

Another catalyst were positive headlines coming from the vaccine race. AstraZeneca announced over the weekend it was resuming<\/a> its advanced Covid drug trials after one participant had a suspected adverse reaction. Despite the news, AZN<\/a> advanced 0.54%. In contrast, Gilead<\/a> rose 2.22% after announcing it was buying Immunomedics,<\/p>\n

Even the TSX gained 0.85% despite OPEC<\/a> cutting its 2020 oil forecast and trimming its 2021 expectations. Materials and industrials led the Toronto index higher, while energy sagged. Several precious metals named soared, such as Torex Gold<\/a>, up 9.4%, B2Gold<\/a> at 9.07% and Oceanagold<\/a> jumping 9.54%. However, Suncor<\/a> sank 2% in heavy trading. The price of crude and gold were flat by the closing bell.<\/p>\n

💾 Nvidia Corp<\/a> +5.82%
\nⓂ Microsoft<\/a> -0.68%
\n💨 Oracle<\/a> +4.32%
\n💉 Astrazeneca P L C<\/a> +0.54%
\n💉 Gilead Sciences Inc.<\/a> +2.22%
\n🥇 Torex Gold Resources<\/a> +9.4%
\n🥇 B2Gold Corp.<\/a> +9.07%
\n🥇 Oceanagold Corp<\/a> +9.54%
\n⚡ Suncor Energy Inc<\/a> -2%<\/p>\n","protected":false},"excerpt":{"rendered":"

The trading week began on a positive note as tech news propelled the Nasdaq and other indices higher. In the morning, Oracle confirmed it’s part of the TikTok\/Bytedance proposal. Microsoft lost out on this deal, which still needs White House […]<\/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-189088","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\/189088","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=189088"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/189088\/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=189088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=189088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=189088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}