{"id":221331,"date":"2021-04-12T17:33:12","date_gmt":"2021-04-12T21:33:12","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=221331"},"modified":"2021-04-12T17:33:12","modified_gmt":"2021-04-12T21:33:12","slug":"quiet-start-to-earnings-season","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/quiet-start-to-earnings-season\/","title":{"rendered":"Quiet start to earnings season"},"content":{"rendered":"<p>The trading week began with light volumes and a show-me attitude as investors waited for the latest round of earnings to be released in the U.S. The S&amp;P finished flat Monday while the TSX, Dow and Nasdaq closed slightly in the negative. At Monday&#8217;s closing bell, the Nasdaq finished as low as -0.36%. The TSX was helped by rising crude oil prices as WCS rose nearly half-a-percent and WTI by 0.67%.<\/p>\n<p>Financials, tech and staples gained in Toronto. Advancing were <a href=\"https:\/\/stockchase.com\/TVE-T\">Tamarack Valley<\/a>, up 4.87%, <a href=\"https:\/\/stockchase.com\/CGX-T\">Cineplex<\/a> by 3.37% and <a href=\"https:\/\/stockchase.com\/CTC-T\">Canadian Tire<\/a> up 1.81%. In contrast, <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals<\/a> slid 6.38% while cannabis names took a hit, such as <a href=\"https:\/\/stockchase.com\/APHA-T\">Aphria<\/a>, down 14.19% and <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora<\/a> losing 9.42%.<\/p>\n<p>On Wall Street, the Dow sectors were mixed, though tech suffered the most. Chipmakers took it on the chin as <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> slid 4.18% and <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> plunged 5.05%. In headlines, Microsoft bought A.I. healthcare company Nuance for US$16 billion and doubled MSFT&#8217;s presence in that business. MSFT shares were flat, but Nuance shot up 16%. But the biggest headlines came from <a href=\"https:\/\/stockchase.com\/BABA-N\">Alibaba<\/a>, after the Chinese government slapped the megacap name with a US$2.8 million anti-trust fine. However, that will turn out to be a small price to pay as investors greeted the news by sending it up 9.27% on Wall Street, relieved that anti-trust attacks are over. Beyond tech, <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> dipped 2.68% , <a href=\"https:\/\/stockchase.com\/EXPE-Q\">Expedia<\/a> fell 1.87%, but <a href=\"https:\/\/stockchase.com\/FDX-N\">FedEx<\/a> gained 1.47%. The U.S. 10-year climbed 0.65% to 1.6693%.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/TVE-T\">Tamarack Valley Energy<\/a> +4.87%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/CGX-T\">Cineplex Inc<\/a> +3.37%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/CTC-T\">Canadian Tire Corporation Ltd<\/a> +1.81%<br \/>\n&#x1f451; <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals Inc.<\/a> -6.38%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/APHA-T\">Aphria Inc<\/a> -14.19%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora Cannabis<\/a> -9.42%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> -4.18%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices<\/a> -5.05%<br \/>\n&#x1f4bf; Nuance Communications +16%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/BABA-N\">Alibaba Group Holding<\/a> +9.27%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group<\/a> -2.68%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/EXPE-Q\">Expedia<\/a> -1.87%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/FDX-N\">FedEx<\/a> +1.47%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading week began with light volumes and a show-me attitude as investors waited for the latest round of earnings to be released in the U.S. The S&amp;P finished flat Monday while the TSX, Dow and Nasdaq closed slightly in [&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-221331","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\/221331","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=221331"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/221331\/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=221331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=221331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=221331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}