{"id":194810,"date":"2020-10-21T19:24:21","date_gmt":"2020-10-21T23:24:21","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=194810"},"modified":"2020-10-21T19:24:21","modified_gmt":"2020-10-21T23:24:21","slug":"choppy-markets-wait-for-stimulus","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/choppy-markets-wait-for-stimulus\/","title":{"rendered":"Choppy markets wait for stimulus"},"content":{"rendered":"

Wednesday’s markets bounced around and closed negative as investors waited for an announcement about a stimulus package from Washington<\/a>. Wall Street’s main indices closed between -0.22% and -0.35%. On the Dow, industrials and healthcare bore the brunt of the selling, as Boeing<\/a> slid 2%, while other sectors were mixed. Goldman Sachs<\/a> shed 2.46%. Tech names did not run to the rescue, but also saw mixed action.<\/p>\n

AMD<\/a> fell 2.89%, though Facebook<\/a> leapt 4.17%, PayPal<\/a> jumped 5.5% and Alphabet<\/a> surged 2.25%. However, Snap<\/a> popped 28.3% on a surprise earnings beat, announced late Tuesday. Early Wednesday, the White House said that negotations with the Democrats carried a “sense of optimism.” Despite that assurance, the U.S. dollar declined against six peers, though it was essentially flat agains the Canadian dollar, at 76.10 cents, just a penny below its one-year high.<\/p>\n

The TSX was dragged down by weak oil prices, with a barrel of WTI falling 4% and WCS losing over 2.5%. Husky<\/a> and Cenovus<\/a> shares shed nearly 3%. Faring better were materials, financials and real estate which rallied. Hudbay Minerals<\/a> spiked 6.64% and Fortuna Silver Mines<\/a> rose 5.44%. Beyond the shiny rocks, Corus Entertainment<\/a> enjoyed a 6.44% gain while Autocanada<\/a> soared nearly 5%. The price of gold was essentially flat for the session, hovering around US$1,925\/ounce.<\/p>\n

🛫 Boeing<\/a> -2%
\n🏛 Goldman Sachs<\/a> -2.46%
\n💿 Advanced Micro Devices<\/a> -2.89%
\n🕵️‍♂️ Facebook<\/a> +4.17%
\n🛍 PayPal Holdings Inc.<\/a> +5.5%
\n🧮 Alphabet Inc. \/ Google<\/a> +2.25%
\n📹 Snap Inc.<\/a> +28.3%
\n🛢 Husky Energy<\/a> -3%
\n🛢 Cenovus Energy<\/a> -3%
\n👑 Hudbay Minerals Inc.<\/a> +6.64%
\n🥈 Fortuna Silver Mines<\/a> +5.44%
\n📺 Corus Entertainment<\/a> +6.44%
\n🚗 AutoCanada Inc.<\/a> +5%<\/p>\n","protected":false},"excerpt":{"rendered":"

Wednesday’s markets bounced around and closed negative as investors waited for an announcement about a stimulus package from Washington. Wall Street’s main indices closed between -0.22% and -0.35%. On the Dow, industrials and healthcare bore the brunt of the selling, […]<\/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-194810","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\/194810","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=194810"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/194810\/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=194810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=194810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=194810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}