{"id":195013,"date":"2020-10-22T18:37:22","date_gmt":"2020-10-22T22:37:22","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=195013"},"modified":"2020-10-22T18:37:22","modified_gmt":"2020-10-22T22:37:22","slug":"markets-still-choppy-over-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-still-choppy-over-stimulus-hopes\/","title":{"rendered":"Markets still choppy over stimulus hopes"},"content":{"rendered":"

Markets inched up Thursday though remained choppy as investors continue to wait for a stimulus package from Washington. The S&P and Dow gained over half-a-percent while the Nasdaq trailed at 0.19%. Helping maintain investor sentiment was news that U.S. initial jobless<\/a> claims fell for the third time in four weeks, though they remain high. Industrials, financials and energy rallied on Wall Street.<\/p>\n

JPMorgan<\/a> climbed 3.53% as American Express<\/a> rallied 3.31%. Also, Chevron<\/a> spiked 3.57% as a barrel of WTI gained 1.6%. The big tech names lost a little ground as Facebook<\/a> and Amazon<\/a> shed around 0.25% though Google investors continued to shake off antitrust concerns as Alphabet<\/a> rose 1.38%.<\/p>\n

Airlines were in focus on both sides of the border as the rhetoric over world governments offering aid the battered industry continued to rise. Delta<\/a> soared 7%, United<\/a> jumped 4.78% and American Airlines<\/a> rose 3.18% after announcing a huge Q3 loss, but a cut to its daily cash burn. In Canada, Westjet<\/a> declared it would start refunding customers for flights cancelled due to Covid, which rankled Air Canada. Until the announcement, no carrier in this country had announced any refunds, making it a stark exception to its American and European peers. The news lifted Air Canada<\/a> shares by 7%. Meanwhile, Rogers<\/a>‘ Q3 earnings and revenues blew away the street, and the stock rocketed 11.56%. The price of WCS crude rose 1.8% and helped lift the TSX by 0.3%. Energy and telcos both shot up 4%.<\/p>\n

🏛 JP Morgan Chase & Co<\/a> +3.53%
\n💳 American Express<\/a> +3.31%
\n🛢 Chevron Texaco<\/a> +3.57%
\n🕵️‍♂️ Facebook<\/a> -0.25%
\n📦 Amazon.com<\/a> -0.25%
\n🧮 Alphabet Inc. \/ Google<\/a> +1.38%
\n🛫 Delta Air Lines Inc<\/a> +7%
\n🛫 United Airlines Holdings<\/a> +4.78%
\n🛫 American Airlines Group<\/a> +3.18%
\n🛫 Air Canada<\/a> +7%
\n📱 Rogers Communications<\/a> +11.56%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets inched up Thursday though remained choppy as investors continue to wait for a stimulus package from Washington. The S&P and Dow gained over half-a-percent while the Nasdaq trailed at 0.19%. Helping maintain investor sentiment was news that U.S. initial […]<\/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-195013","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\/195013","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=195013"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/195013\/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=195013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=195013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=195013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}