{"id":221719,"date":"2021-04-14T18:06:10","date_gmt":"2021-04-14T22:06:10","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=221719"},"modified":"2021-04-14T18:06:10","modified_gmt":"2021-04-14T22:06:10","slug":"oil-jumps-as-stocks-sag","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-jumps-as-stocks-sag\/","title":{"rendered":"Oil jumps as stocks sag"},"content":{"rendered":"

Markets on both sides of the border closed on weakness Wednesday and were in the red, apart from the Dow which inched up 0.16%. Tech gave up yesterday’s gains as the Nasdaq closed -1% and high-flyers Zoom<\/a> and Tesla<\/a> both finished -3.95%. Similarly, Nvdia<\/a> ended the session -2.57%. The S&P moved -0.41% and the TSX -0.13% for the day.<\/p>\n

Industrials, financials and energy led the Dow upward as the banks<\/a> kicked off earnings season: Wells Fargo<\/a> jumped 5.63%, Morgan Stanley<\/a> rose 1.65% and Bank of America<\/a> advanced 1.63% after the group reported strong earnings. Despite blowing past estimates, JP Morgan<\/a> faded throughout Wednesday to finish -1.87%. The other big news on Wall Street was the debut of Coinbase which helped send Bitcoin<\/a> to intraday highs, though the latter lost 1.2% by the close. Coinbase itself closed 14% below its $381 opening<\/a> price.<\/p>\n

On Bay Street, crude oil fueled the energy sector. Meg Energy<\/a> soared nearly 10% while Suncor<\/a> rallied 3.91%, Whitecap Resources<\/a> by 9.04% and Cenovus Energy<\/a> 5.93% all in heavy trading. The price of WTI and WCS leapt 4.5-5%. Speaking of gasoline, AutoCanada<\/a> soared nearly 28% after announcing a $100-million offering and robust preliminary Q1 results<\/a>. Not doing so well were Organigram<\/a> at -10.99% and Shopify<\/a> at -5.11% on a tough day for tech stocks.<\/p>\n

📹 Zoom Video Communications Inc.<\/a> -3.95%
\n🚗 Tesla Motors Inc<\/a> -3.95%
\n💾 Nvidia Corp<\/a> -2.57%
\n🏛 Wells Fargo<\/a> +5.63%
\n🏛 Morgan Stanley<\/a> +1.65%
\n🏛 Bank of America<\/a> +1.63%
\n🏛 JP Morgan Chase & Co<\/a> -1.87%
\n🅱 The Bitcoin Fund<\/a> -1.2%
\n🅱 Coinbase +14%
\n🛢 MEG Energy Corp<\/a> +10%
\n🛢 Suncor Energy Inc<\/a> +3.91%
\n🛢 Whitecap Resources<\/a> +9.04%
\n🛢 Cenovus Energy<\/a> +5.93%
\n🚘 AutoCanada Inc.<\/a> +28%
\n🌿 OrganiGram Holdings Inc.<\/a> -10.99%
\n🛍 Shopify Inc.<\/a> -5.11%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets on both sides of the border closed on weakness Wednesday and were in the red, apart from the Dow which inched up 0.16%. Tech gave up yesterday’s gains as the Nasdaq closed -1% and high-flyers Zoom and Tesla both […]<\/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-221719","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\/221719","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=221719"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/221719\/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=221719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=221719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=221719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}