{"id":192401,"date":"2020-10-06T18:19:48","date_gmt":"2020-10-06T22:19:48","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=192401"},"modified":"2020-10-07T09:40:57","modified_gmt":"2020-10-07T13:40:57","slug":"trump-ends-stimulus-talks-markets-slide","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/trump-ends-stimulus-talks-markets-slide\/","title":{"rendered":"Trump ends stimulus talks, markets slide"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/1006\/Norman-Levine\">Norman Levine<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/UNS-T\">Uni-Select Inc<\/a> (<strong>A Top Pick Sep 25\/18, Down 52%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Markets abruptly sold off Tuesday afternoon after <a href=\"https:\/\/edition.cnn.com\/2020\/10\/06\/politics\/trump-ends-stimulus-talks\/index.html\" target=\"_blank\" rel=\"noopener\">Trump<\/a> ended stimulus talks with the Democrats, stunning investors who were expecting a relief package and surprising Republicans as well as Democrats. Trump tweeted he would resume talks after he won the U.S. election next month, even though millions of Americans and businesses demand immediate relief from Covid and he&#8217;s contradicting the advice of U.S. Fed Chair, Jerome <a href=\"https:\/\/www.cnbc.com\/2020\/10\/06\/watch-fed-chair-jerome-powell-talk-rates-the-economy-and-pandemic-stimulus-live.html\" target=\"_blank\" rel=\"noopener\">Powell<\/a>, who made scheduled remarks today on the state of the American economy.<\/p>\n<p>The main Wall Street indices slid around 1.5% and all the Dow components closed in the red. <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> plunged nearly 7%. <a href=\"https:\/\/stockchase.com\/HD-N\">Home Depot<\/a>, <a href=\"https:\/\/stockchase.com\/MRK-N\">Merck<\/a> and <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> fell 2%. Even tech took a hit, with <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> shedding 2.87%<\/p>\n<p>Gains in energy minimized the declines on The TSX which lost only 1%. The price of WTI rallied 1.5% and WCS rose nearly 3.5%. IN contrast, materials, tech and telcos lagged the index. <a href=\"https:\/\/stockchase.com\/ABX-T\">Barrick Gold<\/a> slid 4.46% in heavy trading. <a href=\"https:\/\/stockchase.com\/CJT-T\">Cargojet<\/a> was among the biggest gainers, spiking over 5% and making new highs during the session. The <a href=\"https:\/\/stockchase.com\/BMO-T\">Bank of Montreal<\/a> climbed 2.45% and <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> rose nearly 3%. <a href=\"https:\/\/stockchase.com\/BEP.UN-T\">Brookfield Renewable<\/a> slid nearly 5% after replacing CEOs and announcing a stock offering at $60\/share. Renewable energy stocks have been blowing past the overall market and BEP.UN rallied over 15% in September.<\/p>\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> -7%<br \/>\n&#x1f6e0; <a href=\"https:\/\/stockchase.com\/HD-N\">Home Depot<\/a> -2%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/MRK-N\">Merck &amp; Company<\/a> -2%<br \/>\n&#x1f4b3; <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> -2%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> -2.87%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/ABX-T\">Barrick Gold<\/a> -4.46%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/CJT-T\">Cargojet Inc<\/a> +5%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BMO-T\">Bank of Montreal<\/a> +2.45%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed POS<\/a> +3%<br \/>\n&#x267b; <a href=\"https:\/\/stockchase.com\/BEP.UN-T\">Brookfield Renewable Energy<\/a> -5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Norman Levine\u00a0including Uni-Select Inc (A Top Pick Sep 25\/18, Down 52%) Get Premium to receive all past top picks opinions a few hours before market open. Markets abruptly sold off Tuesday [&hellip;]<\/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-192401","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\/192401","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=192401"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/192401\/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=192401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=192401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=192401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}