{"id":190156,"date":"2020-09-21T17:38:38","date_gmt":"2020-09-21T21:38:38","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=190156"},"modified":"2020-09-21T17:38:38","modified_gmt":"2020-09-21T21:38:38","slug":"markets-slide-on-covid-fears-and-bank-news","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-slide-on-covid-fears-and-bank-news\/","title":{"rendered":"Markets slide on Covid fears and bank news"},"content":{"rendered":"

World markets tumbled to start the week, sparked by fears of rise on Covid-19 cases and a report that the world’s banks moved over $2 trillion as money laundering<\/a> and other criminal activity. The report was based on documentsthat\u00a0 banks submitted to the U.S. government about (unconfirmed) suspicious activity.<\/p>\n

Deutsche Bank<\/a> was hammered by over 8%, while JPMorgan<\/a> fell 3.1%. The Dow shed 1.84% and the S&P slipped 1.16%. Tech actually suffered minor losses as the Nasdaq closed only -0.13%. Covid fears pressured travel and leisure names, which rose last week. For example, Wynn Resorts<\/a> plunged nearly 7%. Unitedhealth<\/a> was among the big laggards, closing -2.87%, while American Express<\/a> plunged 5%. Some tech names were actually up Monday, such as Netflix<\/a> at 3.7% and Ebay<\/a> at 3.15%.<\/p>\n

Covid fears pressured oil prices and, by extension, the TSX, which slipped 1.34%. Materials were hit 3%, energy down 2.32% and financials slipping 1.49%. The price of WTI and WCS dropped 3.5-4.25%, dragging down CNQ<\/a> by 4.62% and Vermillion<\/a> by 8.71%. Shopify<\/a> bucked the trend by gaining 3.76% and Organigram<\/a> climbed 3.31%. A silver lining is that North American indices closed off their session lows. The VIX popped 6.3%, but well off 10% as seen earlier Monday.<\/p>\n

🏛 Deutsche Bank AG<\/a> -8%
\n🏛 JP Morgan Chase & Co<\/a> -3.1%
\n🏢 Wynne Resorts Ltd.<\/a>-7%
\n👨‍⚕️ UnitedHealth Group Inc<\/a> -2.87%
\n🏛 American Express<\/a> -5%
\n📺 Netflix Inc.<\/a> +3.7%
\n🛍 eBay Inc<\/a> +3.15%
\n🛢 Canadian Natural Rsrcs<\/a> -4.62%
\n🛢 Vermilion Energy Inc<\/a> -8.71%
\n🛍 Shopify Inc.<\/a> +3.76%
\n🌿 Organigram Holdings<\/a> +3.31%<\/p>\n","protected":false},"excerpt":{"rendered":"

World markets tumbled to start the week, sparked by fears of rise on Covid-19 cases and a report that the world’s banks moved over $2 trillion as money laundering and other criminal activity. The report was based on documentsthat\u00a0 banks […]<\/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-190156","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\/190156","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=190156"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/190156\/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=190156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=190156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=190156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}