{"id":198325,"date":"2020-11-09T18:07:47","date_gmt":"2020-11-09T23:07:47","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=198325"},"modified":"2020-11-09T18:07:47","modified_gmt":"2020-11-09T23:07:47","slug":"markets-rocket-on-vaccine-data-and-biden-win","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rocket-on-vaccine-data-and-biden-win\/","title":{"rendered":"Markets rocket on vaccine data and Biden win"},"content":{"rendered":"

Investors woke Monday morning to a changed world. Over the weekend, Democrat Joe Biden was finally declared winner of the presidential election after days of ballot counting. That alone would have triggered a Monday rally, but an hour before the opening bell, Pfizer<\/a> announced that its Covid vaccine is more than 90% effective, based on early data. The company didn’t release an age breakdown of its results nor indicate the duration of the vaccine’s efficacy, but the news was still hopeful and positive.<\/p>\n

Futures soared and morning markets rocketed. The Russell<\/a> small-cap index outshone all others, jumping 3.7% Monday. Markets faded at the close, as the Dow rose nearly 3% (2% lower than in the morning) and the S&P gained 1.17%. The Nasdaq was modestly positive for most of the day but fell into the red by -1.53% by session’s end.<\/p>\n

Naturally, travel stocks soared: Carnival<\/a> at 39.29%, and Air Canada<\/a> at 28.63%. Industrials: Boeing<\/a> up 13.71%. Financials: Bank of America<\/a> at 14.19%, and TD<\/a> at 5.66%. Meanwhile, Brookfield Asset Management<\/a> jumped 8.16% and American Express<\/a> leapt 21.39%. The price of WTI and WCS soared over 7.5% during the session while CNQ<\/a> leapt 22.61% and Vermilion Energy<\/a> soared 25.88%. Oil’s gain helped lift the TSX 1.19%. As on Wall Street, the TSX saw financials outperform, but tech lag. Shopify<\/a> plunged 13.8%. Similarly, investors dumped Covid stay-at-home stocks like Peloton<\/a> by 20.29%, as Netflix<\/a> slid 8.59% and Zoom Video<\/a> sank 17.37%. Gold fell 5% during Monday. The backdrop to all this hasn’t changed, unfortunately: Covid cases continue to shatter records in America and rise across the world.<\/p>\n

👑 Russel Metals<\/a> +3.7%
\n🚢 Carnival Corp.<\/a> +39.29%
\n🛫 Air Canada<\/a> +28.63%
\n🛫 Boeing<\/a> +13.71%
\n🏛 Bank of America<\/a> +14.19%
\n🏛 Toronto Dominion<\/a> +5.66%
\n♻ Brookfield Asset Management Inc.<\/a> +8.16%
\n💳 American Express<\/a> +21.39%
\n🛢 Canadian Natural Rsrcs<\/a> +22.61%
\n🛢 Vermilion Energy Inc<\/a> +25.88%
\n🛍 Shopify Inc.<\/a>-13.80%
\n🏋️‍♂️ Peloton Interactive<\/a> -20-29%
\n📺 Netflix Inc.<\/a> -8.59%
\n📹 Zoom Video Communications Inc.<\/a> -17.37%<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors woke Monday morning to a changed world. Over the weekend, Democrat Joe Biden was finally declared winner of the presidential election after days of ballot counting. That alone would have triggered a Monday rally, but an hour before 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-198325","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\/198325","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=198325"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/198325\/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=198325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=198325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=198325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}