{"id":200047,"date":"2020-11-18T18:31:27","date_gmt":"2020-11-18T23:31:27","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=200047"},"modified":"2020-11-18T18:31:27","modified_gmt":"2020-11-18T23:31:27","slug":"u-s-stocks-pressured-by-rising-covid-cases","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-stocks-pressured-by-rising-covid-cases\/","title":{"rendered":"U.S. stocks pressured by rising Covid cases"},"content":{"rendered":"

The tug-of-war between vaccine progress and rising Covid<\/a> cases in the U.S. played out on Wall Street Wednesday. The S&P and Dow both began the session in the green, but dipped suddenly into the red by the closing bell. Both closed -1.16% while the Nasdaq finished -0.82%. The Russell 2000 made an intra-day high, though closed lower. Before the opening bell, Pfizer<\/a> and German partner, BioNTech announced the final results of their Covid vaccine tests to be 95% effective, 5% higher than preliminary results issued last week.<\/p>\n

Pfizer<\/a> stock rose 0.78%. However, America continues to lead the world in Covid cases and the numbers keep rising. Investors fear lockdowns in regions in the hardest-hit areas, and Trump still does not have a plan to combat the virus. There was weakness across the Dow. Though U.S. regulators finally cleared the 737 Max to fly, Boeing<\/a> stock plunged 3.21%. Healthcare sold off, particularly Walgreens<\/a>, which was down 4%, perhaps still feeling pressure from Amazon’s announcement Tuesday of entering the drug-retailing business. Lowe’s<\/a> reported a Q3 sales beat, but its profit was merely in-line and did not impress investors who sold off the hardware chain by 8.21%. Norwegian cruiselines<\/a> likewise fell 7.25%. There was some good news after the bell as Sonos<\/a> soared over 20%, triggered by a record Q4 and Covid lockdowns.<\/p>\n

In Toronto, the TSX fared better, slipping 0.34%. Energy, financials and tech showed decent gains, though materials were hammered by 2.69%. Cineplex<\/a> continued to ride the vaccine rally, leaping over 12% as did Air Canada<\/a>, climbing 4%, both in heavy trading. Several oil names gained, such as Vermilion<\/a> by 3.79% as the price of WCS rose nearly 1.5%. Meanwhile, weed stocks continued their post-election run with Aphria<\/a> rallying 4.66%. The price of gold and the Canadian dollar remained flat.<\/p>\n

💉 Pfizer Inc<\/a> +0.78%
\n🛫 Boeing<\/a> -3.21%
\n💊 Walgreen Boots Alliance<\/a> -4%
\n🛒 Lowes Companies Inc.<\/a> -8.21%
\n🚢 Norwegian Cruise Line Holdings<\/a> -7.25%
\n🎧 Sonos Inc.<\/a> +20%
\n🎞 Cineplex Inc<\/a> +12%
\n🛫 Air Canada<\/a> +4%
\n🛢 Vermilion Energy Inc<\/a> +3.79%
\n🌿 Aphria Inc<\/a> +4.66%<\/p>\n","protected":false},"excerpt":{"rendered":"

The tug-of-war between vaccine progress and rising Covid cases in the U.S. played out on Wall Street Wednesday. The S&P and Dow both began the session in the green, but dipped suddenly into the red by the closing bell. Both […]<\/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-200047","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\/200047","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=200047"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/200047\/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=200047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=200047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=200047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}