{"id":193799,"date":"2020-10-15T18:20:55","date_gmt":"2020-10-15T22:20:55","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=193799"},"modified":"2020-10-15T18:20:55","modified_gmt":"2020-10-15T22:20:55","slug":"stimulus-impasse-virus-cases-pressure-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stimulus-impasse-virus-cases-pressure-markets\/","title":{"rendered":"Stimulus impasse, virus cases pressure markets"},"content":{"rendered":"

The ongoing lack of a stimulus aid package from Washington, coupled with the rising number of Covid<\/a> cases worldwide pressured markets Thursday. However the morning sell-off turned into an afternoon rally with the TSX closing positive at 0.28%, and the S&P and Dow almost breaking even. The Nasdaq lagged the most, down 0.47%.<\/p>\n

U.S. bank earnings helped lift American markets as Bank of America<\/a> rallied 2.24% and Morgan Stanley<\/a> rose 1.34% after beating Q3 EPS and announcing that profits jumped 25% year-over-year. Walgreens<\/a> was one of the day’s biggest gainers, up nearly 5% in heavy trading after beating revenues and earnings. Fears of Covid drove pharma stocks down, such as Regeneron<\/a> at -2.6%, but raised stay-at-home names like Peloton<\/a>, up 3.8%.<\/p>\n

On the TSX, the only major sector in the red Thursay was materials as telco enjoyed the strongest rise by 1%. Though the price of WTI closed flat, WCS climbed over 1% and pumped life into oil names like ARC Resources<\/a> by nearly 4% though MEG Energy<\/a> slid over 5%. U.S. crude inventories reported declines<\/a>. Aphria<\/a> tumbled 17.51% after reporting a mixed Q1 and lower weed prices. Green utilities continue to surge as Northland Power<\/a> made new highs after rising 2.18%.<\/p>\n

🏛 Bank of America<\/a> +2.24%
\n🏛 Morgan Stanley<\/a> +1.34%
\n💊 Walgreen Boots Alliance<\/a> +5%
\n💉 Regeneron Pharmaceuticals Inc<\/a> -2.6%
\n🏋️‍♂️ Peloton Interactive<\/a> +3.8%
\n🛢 Arc Resources Ltd<\/a> +4%
\n🛢 MEG Energy Corp<\/a> -5%
\n🌿 Aphria Inc<\/a> -17.51%
\n♻ Northland Power Inc<\/a> +2.18%<\/p>\n","protected":false},"excerpt":{"rendered":"

The ongoing lack of a stimulus aid package from Washington, coupled with the rising number of Covid cases worldwide pressured markets Thursday. However the morning sell-off turned into an afternoon rally with the TSX closing positive at 0.28%, and the […]<\/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-193799","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\/193799","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=193799"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/193799\/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=193799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=193799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=193799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}