{"id":204228,"date":"2020-12-18T17:30:50","date_gmt":"2020-12-18T22:30:50","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=204228"},"modified":"2020-12-19T08:24:53","modified_gmt":"2020-12-19T13:24:53","slug":"stimulus-stalls-markets-slip","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stimulus-stalls-markets-slip\/","title":{"rendered":"Stimulus stalls, markets slip"},"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\/1378\/Andrey-Omelchak\">Andrey Omelchak<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/3950\/CHW-T\"><span class=\"company-name\">Chesswood Group<\/span><\/a> (<strong>A Top Pick Jul 27\/17, Down 7%<\/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>With a Friday midnight deadline, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa-congress\/late-breaking-dispute-over-fed-rules-risks-u-s-covid-19-relief-as-deadline-nears-idUSKBN28S1BG\" target=\"_blank\" rel=\"noopener\">stimulus<\/a> talks in Washington hit a snag over the Fed, which pressured markets down on both sides of the border. This comes a day after all major American indices plus the Russell 2000 all made record highs. The Dow and S&amp;P lost a third of 1%, while the Nasdaq closed -0.56% and the TSX -0.69%. However, the S&amp;P did gain 1% for the week while the Russell 2000 jumped 3%. Also, indices rallied in the final minutes of Friday&#8217;s trade, off the day&#8217;s lows.<\/p>\n<p>All the Dow sectors were mixed, except energy which showed <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron<\/a> losing 1.46%. The most heavily traded stocks lost ground: <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> at -1.71%, <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines<\/a> -1.9% and <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> -1.86%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a> rallied 2.22% and <a href=\"https:\/\/stockchase.com\/company\/view\/6428\/BLNK-Q\">Blink Charging<\/a> climbed 2.44%. <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> popped 6% to make a new record high. <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/6559\/DASH-N\">Doordash<\/a> rallied nearly 7% and 8.71% respectively after a new, bullish analyst&#8217;s <a href=\"https:\/\/finance.yahoo.com\/news\/airbnb-doordash-wall-st-champion-125428933.html\" target=\"_blank\" rel=\"noopener\">report<\/a>.<\/p>\n<p>In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> slumped 5.71% for not issuing <a href=\"https:\/\/www.cnbc.com\/2020\/12\/17\/fedex-fdx-earnings-q2-2021.html\" target=\"_blank\" rel=\"noopener\">guidance<\/a> due to Covid uncertainty, despite beating earnings and revenue. In Toronto, materials, real estate and tech pressured the TSX. <a href=\"https:\/\/stockchase.com\/company\/view\/3729\/OGC-T\">Oceanagold<\/a> was one of many gold stocks that sold off, shedding nearly 6%. <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">Blackberry<\/a> slid 15.79% after beating Q3 earnings, but reported lower revenues. However, <a href=\"https:\/\/stockchase.com\/company\/view\/3730\/PIF-T\">Polaris Infrastructure<\/a> rallied 4.76% and <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> surged 4.23%. The price of WTI oil rose 1.4% and WCS climbed about 1%.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/337\/CVX-N\">Chevron Texaco<\/a> -1.46%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> -1.71%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines Group<\/a> -1.9%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices<\/a> -1.86%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a> +2.22%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/6428\/BLNK-Q\">Blink Charging Co.<\/a> +2.44%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> +6%<br \/>\n&#x1f3e0; <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> +7%<br \/>\n&#x1f6f5; <a href=\"https:\/\/stockchase.com\/company\/view\/6559\/DASH-N\">Doordash<\/a> +8.71%<br \/>\n&#x1f68d; <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> -5.71%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/3729\/OGC-T\">Oceanagold Corp<\/a> -6%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> -15.79<br \/>\n&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/3730\/PIF-T\">Polaris Infrastructure<\/a> +4.76%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems<\/a> +4.23%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Andrey Omelchak, including Chesswood Group (A Top Pick Jul 27\/17, Down 7%) Get Premium to receive all past top picks opinions a few hours before market open. With a Friday midnight [&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-204228","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\/204228","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=204228"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/204228\/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=204228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=204228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=204228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}