{"id":191145,"date":"2020-09-28T21:55:11","date_gmt":"2020-09-29T01:55:11","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=191145"},"modified":"2020-09-28T21:55:11","modified_gmt":"2020-09-29T01:55:11","slug":"chinese-data-and-u-s-stimulus-hopes-lift-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/chinese-data-and-u-s-stimulus-hopes-lift-markets\/","title":{"rendered":"Chinese data and U.S. stimulus hopes lift markets"},"content":{"rendered":"

Indices on Wall Street sharply rose to begin the week, propelled by hopes that both sides of the aisle in Washington will agree on a long-awaited stimulus<\/a> package. On Sunday, U.S. House Speaker Nancy Pelosi said that the Democrats would announce their own stimulus package if her party can’t reach a joint deal with Trump’s administration. Meanwhile, China<\/a> reported its fourth-straight month of rising industrial profits in August. The three major indices on Wall Street rallied between 1.51%-1.87% on Monday with the Nasdaq finishing strongest.<\/p>\n

Amazon<\/a> rose 2.55% in heavy trading as did Apple<\/a> at 2.39%. The rally embraced all the Dow components with even the beaten-up energy sector spiking; Chevron<\/a> gained nearly 3%. Boeign<\/a> soared 6.44% after the FCC announced it would test the troubled 737 Max this week. Uber<\/a> overturned its ban in London, U.K. (though for only 18 months) and enjoyed a 3.19% lift.<\/p>\n

A spike in energy prices and the headlines from China boosted the TSX 1.1%. The price of WCS rose 1.1% and WTI by 0.8%. Cascades<\/a> spiked 3.47% after RBC upgraded the stock to “sector perform.” Lundin Mining<\/a> cancelled guidance after a fatal accident at its mine in Portugal<\/a>. Ludin slid 6.23%. In cannabis news, the Green Organic Dutchman<\/a> was among the most heavily traded stocks, plunging over 15% after it announced a bought deal<\/a> public offering.<\/p>\n

📦 Amazon.com<\/a> +2.55%
\n🍎 Apple<\/a> +2.39%
\n🛢 Chevron Texaco<\/a> +3%
\n🛫 Boeing<\/a> +6.44%
\n🚗 Uber<\/a> +3.19%
\n📦 Cascades Inc<\/a> +3.47%
\n⛏ Lundin Mining Corp.<\/a> -6.23%
\n🌿 Green Organic Dutchman Holdings<\/a> -15%<\/p>\n","protected":false},"excerpt":{"rendered":"

Indices on Wall Street sharply rose to begin the week, propelled by hopes that both sides of the aisle in Washington will agree on a long-awaited stimulus package. On Sunday, U.S. House Speaker Nancy Pelosi said that the Democrats would […]<\/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-191145","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\/191145","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=191145"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/191145\/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=191145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=191145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=191145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}