{"id":201844,"date":"2020-12-02T17:49:13","date_gmt":"2020-12-02T22:49:13","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=201844"},"modified":"2020-12-02T17:49:13","modified_gmt":"2020-12-02T22:49:13","slug":"stocks-inch-up-after-uk-vaccine-news","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-inch-up-after-uk-vaccine-news\/","title":{"rendered":"Stocks inch up after UK vaccine news"},"content":{"rendered":"

The U.K. is the first country to approve a Covid vaccine as it gave the greenlight to Pfizer-BioNTech<\/a> Wednesday. However, markets in North America opened in the red and gradually rose into the positive by the close. The Dow climbed 0.29%, the Nasdaq slipped 0.05% but the S&P made a record close, inching up 0.18%. Energy was the big winner, up 3% while materials surrendered around 1.4%.<\/p>\n

Weighing on Wall Street was a major purchase by Salesforce<\/a> of Canadian tech company, Slack. Shareholders were displeased with the deal and sold off Salesforce<\/a> by 8.52%. Elsewhere in tech, Tesla<\/a> CEO Elon Musk warned employees to cut costs or the stock could get “crushed like a souffle under a sledehehammer.” That sentiment pressured shares down 3%. Meanwhile, Boeing<\/a> soared 5% and FedEx<\/a> announced it was buying ShopRunner to further combat Amazon’s encroaching into e-delivery. FedEx<\/a> shares climbed 1.38%<\/p>\n

In Canada as the TSX rallied 0.35%, driven by energy and staples, as real estate and industrials lagged. Air Canada<\/a> enjoyed an upgrade and a 3.11% price increase as Royal Bank<\/a> announced a good quarter, but a downbeat macro economic forecast. RY<\/a> closed -0.61%. In contrast, BlackBerry continued to rally Tuesday enjoying the afterglow of its Amazon deal to supply car data while Aurora<\/a> extended its climb by 11.33%. Energy names like Cenovus<\/a> popped over 4%. The volatile Ballard Power<\/a> plunged 4.65%. The price of WTI rose 1.3% though WCS slipped by 0.6%.<\/p>\n

💾 SalesForce.com Inc.<\/a> -8.52%
\n🚗 Tesla Motors Inc<\/a> -3%
\n🛫 Boeing<\/a> +5%
\n🚐 FedEx<\/a> +1.38%
\n🛫 Air Canada<\/a> +3.11%
\n🏛 Royal Bank<\/a> -0.61%
\n🌿 Aurora Cannabis<\/a> +11.33%
\n🛢 Cenovus Energy<\/a> +4%
\n🔋 Ballard Power Systems<\/a> -4.65%<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.K. is the first country to approve a Covid vaccine as it gave the greenlight to Pfizer-BioNTech Wednesday. However, markets in North America opened in the red and gradually rose into the positive by the close. The Dow climbed […]<\/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-201844","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\/201844","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=201844"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/201844\/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=201844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=201844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=201844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}