{"id":194397,"date":"2020-10-19T20:12:41","date_gmt":"2020-10-20T00:12:41","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=194397"},"modified":"2020-10-19T20:12:41","modified_gmt":"2020-10-20T00:12:41","slug":"markets-slide-as-u-s-stimulus-deadline-looms","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-slide-as-u-s-stimulus-deadline-looms\/","title":{"rendered":"Markets slide as U.S. stimulus deadline looms"},"content":{"rendered":"

Markets fell Monday on Wall Street as a stimulus deadline loomed. U.S. House Speaker and Democrat Nancy Pelosi<\/a> set the end of Tuesday to agree with the Republicans on a much-anticipated stimulus bill. If a deal isn’t reached then, stimulus will be put on hold until after the Nov. 3 presidential vote. An update later Monday announced that she and Treasury Secretary Steven Mnuchin had had a productive talk and would continue Tueday.<\/p>\n

Nonetheless, American’s major indices all slid roughly 1.5%, with the Nasdaq shedding the most at -1.65%. The sell-off was also likely driven by profit-taking, since big tech stocks had been running up during the first half of October. That said, the selling was broad-based. Both Apple<\/a> and Johnson & Johnson<\/a> plunged 2.55% while American Express<\/a> lost 2.33%. Another factor was the rising number of Covid cases, up 13% last week, according to Reuters.<\/p>\n

In Canada, the TSX suffered smaller losses, closing -1%, weighed in particular by materials and telcos. Cannabis stocks enjoyed a good session. Most of all, Aurora<\/a> rebounded sharply Monday by 16.17% in heavy trading, while Spin Master<\/a> popped 10%. Altagas<\/a> climbed 4.62% after two analyst upgrades and doubling its stake in Petrogas. The Canadian dollar and gold were flat for the day, while the price of WTI and WCS ticked down modestly.<\/p>\n

🍎 Apple<\/a> -2.55%
\n👨‍⚕️ Johnson & Johnson<\/a> -2.55%
\n💳 American Express<\/a> -2.33%
\n🌿 Aurora Cannabis<\/a> +16.17%
\n🧸 Spin Master Corp<\/a> +10%
\n💡 Altagas Ltd<\/a> +4.62%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets fell Monday on Wall Street as a stimulus deadline loomed. U.S. House Speaker and Democrat Nancy Pelosi set the end of Tuesday to agree with the Republicans on a much-anticipated stimulus bill. If a deal isn’t reached then, stimulus […]<\/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-194397","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\/194397","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=194397"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/194397\/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=194397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=194397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=194397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}