{"id":202229,"date":"2020-12-04T18:09:29","date_gmt":"2020-12-04T23:09:29","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=202229"},"modified":"2020-12-05T07:53:34","modified_gmt":"2020-12-05T12:53:34","slug":"markets-end-another-strong-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-end-another-strong-week\/","title":{"rendered":"Markets end another strong week"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1\/Brian-Acker-CA\">Brian Acker,<\/a>\u00a0including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/1377\/XOM-N\"><span class=\"company-name\">Exxon Mobil<\/span><\/a> (<strong>A Top Pick Feb 08\/19, Down 4%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Markets on both sides of the border finished another positive week, fulled by stimulus hopes on Wall Street and rising oil prices on Bay Street. Both the S&amp;P and Dow closed Friday around 0.85% and enjoyed their second straight week of gains. The Nasdaq finished Friday up 0.7%, but saw its third straight week of gains. In America this week, energy rose 4% and banks and tech stocks climbed 3%. However, small caps continue to outpace large caps as the <a href=\"https:\/\/stockchase.com\/company\/view\/2581\/IWM-N\">Russell 2000<\/a> rallied 2.37%.<\/p>\n<p>There was strong across the Dow components. In industrials, <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> climbed 4.34% while <a href=\"https:\/\/stockchase.com\/company\/view\/3189\/V-N\">Visa<\/a> rallied 2.23% in financials. Consumer names were a little mixed as <a href=\"https:\/\/stockchase.com\/company\/view\/567\/HD-N\">Home Depot<\/a> closed -1.55% for Friday and -5% for the week. Tech continued its run as <a href=\"https:\/\/stockchase.com\/company\/view\/1007\/QCOM-Q\">Qualcomm<\/a> popped over 5%. Generally, both the Covid and re-opening stocks held onto recent gains, though some feel that the market is getting overbought. Vaccine progress and optimism over a stimulus bill continue to encourage buyers, even as Covid cases rise.<\/p>\n<p>Friday&#8217;s biggest gainer was energy. The OPEC deal to gradually increase output in January pushed oil stocks higher. In America, energy shot up 5.43% and in Canada 5.7% which propelled the TSX to 10-month highs. The TSX Several oil stocks saw double-digit gains, including <a href=\"https:\/\/stockchase.com\/company\/view\/4051\/SES-T\">Secure Energy Service<\/a>, soaring 14.11%, while <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> jumped 7.44% as the most-traded stock. <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> continued to rise, popping 13.23%, while in financials, <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> rallied nearly 3%, both in heavy trading. The Canadian dollar continued to creep up, hitting 78.27 cents against the American greenback by the close.<\/p>\n<p>&#x1f4b9; <a href=\"https:\/\/stockchase.com\/company\/view\/2581\/IWM-N\">iShares Russell 2000 ETF<\/a> +2.37%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> +4.34%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/3189\/V-N\">Visa Inc.<\/a> +2.23%<br \/>\n&#x1f6e0; <a href=\"https:\/\/stockchase.com\/company\/view\/567\/HD-N\">Home Depot<\/a> -1.55%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/1007\/QCOM-Q\">Qualcomm<\/a> +5%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4051\/SES-T\">Secure Energy Services<\/a> +14.11%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc<\/a> +7.44%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> +13.23%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial<\/a> +3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Brian Acker,\u00a0including Exxon Mobil (A Top Pick Feb 08\/19, Down 4%) Get Premium to receive all past top picks opinions a few hours before market open. Markets on both sides of [&hellip;]<\/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-202229","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\/202229","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=202229"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/202229\/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=202229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=202229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=202229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}