{"id":192790,"date":"2020-10-08T18:21:32","date_gmt":"2020-10-08T22:21:32","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=192790"},"modified":"2020-10-08T18:21:32","modified_gmt":"2020-10-08T22:21:32","slug":"stimulus-hopes-continue-to-raise-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stimulus-hopes-continue-to-raise-markets\/","title":{"rendered":"Stimulus hopes continue to raise markets"},"content":{"rendered":"

Though gains were less dramatic than the day before, Thursday’s markets ground higher as markets continued to hope for fresh U.S. stimulus measures. The catalyst came from Trump<\/a> in a sudden, puzzling about-face. Two days after halting talks, Trump on Thursday urged negotiations between Republicans and Democrats to restart. The blowback and damage to Trump’s polling numbers may have triggered his reversal.<\/p>\n

The Nasdaq and Dow rose around 0.5% while the S&P closed on strength at 0.8%. IBM<\/a> surged 6% after announcing it will spin-off its managed infrastructure business into a new public company, so it can focus on its cloud business, including Red Hat. Oil names also enjoyed a sharp bounce with Halliburton<\/a> jumping 7.38% and Marathon Petroleum<\/a> surging 6.54%.<\/p>\n

Energy also boosted the TSX, which climbed 0.65%. The price of WTI rose 3.3% while WCS gained almost 5%. Vermilion<\/a> soared 9.33%. Cannabis<\/a> stocks were also getting high, thanks to the Democratic vice-presidential candidate, Kamala Harris who, on Wednesday night’s debate, said that Joe Biden would decriminalize cannabis if Biden were elected on Nov. 3. Canopy<\/a> led the weed stocks, jumping nearly 13%, and Organigram<\/a> by 12.75%. Energy and real estate led the Toronto rally.<\/p>\n

💾 IBM<\/a> +6%
\n🛢 Halliburton Co<\/a> +7.38%
\n🛢 Marathon Petroleum<\/a> +6.54%
\n🛢 Vermilion Energy Inc<\/a> +9.33%
\n🌿 Canopy Growth Corp.<\/a> +13%
\n🌿 Organigram Holdings<\/a> +12.75%<\/p>\n","protected":false},"excerpt":{"rendered":"

Though gains were less dramatic than the day before, Thursday’s markets ground higher as markets continued to hope for fresh U.S. stimulus measures. The catalyst came from Trump in a sudden, puzzling about-face. Two days after halting talks, Trump on […]<\/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-192790","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\/192790","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=192790"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/192790\/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=192790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=192790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=192790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}