{"id":204907,"date":"2020-12-23T22:59:18","date_gmt":"2020-12-24T03:59:18","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=204907"},"modified":"2020-12-23T22:59:18","modified_gmt":"2020-12-24T03:59:18","slug":"cylicals-rally-amid-stimulus-headlines-and-gdp-data","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/cylicals-rally-amid-stimulus-headlines-and-gdp-data\/","title":{"rendered":"Cylicals rally amid stimulus headlines and GDP data"},"content":{"rendered":"

U.S. markets reversed script from previous days as cyclicals rose and tech slipped. The S&P closed flat at 0.07% but the Dow gained 0.38% while the Nasdaq finished -0.29%, though it made a new intraday high. Small-caps continued to rally as the Russell 2000 broke 2,000 and finished up 0.87%. U.S. markets shrugged off Trump<\/a>‘s threat to veto the long-awaited stimulus bill, even though his own administration helped draft it. Meanwhile, president-elect Joe Biden will seek a third round of stimulus cheques in the new year when he takes office.<\/p>\n

Energy enjoyed strong gains on Wall Street, up 2.18%, while the banks continued to climb after given permission to buy back shares. JPMorgan<\/a>, for instance, rallied 2.79%. Despite fears of more lockdowns, travel names bounce. Norwegian<\/a> surged 6.15%. However, stay-at-home mainstays Netflix<\/a> closed -2.44% and Etsy<\/a> -3.65%.<\/p>\n

A slight Canadian GDP<\/a> beat in October and rising oil prices lifted the TSX by 0.23%. The price of WTI gained over 2% and WCS by 3.5%. Energy soared over 4%. MEG Energy<\/a> surged 9.41% and Crescent Point<\/a> jumped nearly 9%. However, the day’s big gainer was Village Farms International<\/a>, popping 14.61%.\u00a0 On the downside, tech sank 3.68% as Shopify<\/a> plunged 6.47% and Constellation Software<\/a> slid 4.88%. A partial trading day follows before markets celebrate Christmas<\/p>\n

🏛 JP Morgan Chase & Co<\/a> +2.79%
\n🚢 Norwegian Cruise Line Holdings<\/a> +6.15%
\n📺 Netflix Inc.<\/a> -2.44%
\n🛍 Etsy, Inc.<\/a> -3.65%
\n🛢 MEG Energy Corp<\/a> +9.41%
\n🛢 Crescent Point Energy Corp<\/a> +9%
\n🌿 Village Farms International, Inc.<\/a> +14.61%
\n🛍 Shopify Inc.<\/a> -6.47%
\n💾 Constellation Software Inc.<\/a> -4.88%<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. markets reversed script from previous days as cyclicals rose and tech slipped. The S&P closed flat at 0.07% but the Dow gained 0.38% while the Nasdaq finished -0.29%, though it made a new intraday high. Small-caps continued to rally […]<\/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-204907","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\/204907","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=204907"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/204907\/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=204907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=204907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=204907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}