{"id":222602,"date":"2021-04-20T18:50:12","date_gmt":"2021-04-20T22:50:12","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=222602"},"modified":"2021-04-21T08:16:22","modified_gmt":"2021-04-21T12:16:22","slug":"markets-extend-losses","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-extend-losses\/","title":{"rendered":"Markets extend losses"},"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\/1305\/Lorne-Steinberg\">Lorne Steinberg<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/BP-N\"><span class=\"company-name\">BP PLC<\/span><\/a> (<strong>A Top Pick May 07\/19, Down 45%<\/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>On Tuesday, stocks broadly continued to sell off amid worries over the rise in Covid cases globally, such as India, and fears that the reopening may take longer than expected. On Wall Street, the Nasdaq closed -0.92%, the S&amp;P -0.68% and the Dow -0.75% though slightly off their session lows.<\/p>\n<p>Travel\/leisure, industrials and energy bore the brunt of the selling, though healthcare rallied, like <a href=\"https:\/\/stockchase.com\/JNJ-N\">Johnson &amp; Johnson<\/a>, up 2.33%. <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> closed -4.13%, <a href=\"https:\/\/stockchase.com\/NKE-N\">Nike<\/a> -4.26%, <a href=\"https:\/\/stockchase.com\/BKNG-Q\">Booking Holdings<\/a> -4.57%, <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> -5.48% and <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> -3.92%. By far, the day&#8217;s big winner was <a href=\"https:\/\/stockchase.com\/KSU-N\">Kansas City Southern<\/a>, which soared 15.25% after CN Rail offered $30 billion to snatch the American rail from its rival, CP, sparking a bidding war.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/CNR-T\">CN<\/a> plunged 6.28% and <a href=\"https:\/\/stockchase.com\/CP-T\">CP<\/a> slipped 2.23%. The TSX closed -0.79% and mirrored the performance of its American peers. As the price of crude tumbled 1.5-2%, gold gained 0.4% as many gold stock rallied, such as <a href=\"https:\/\/stockchase.com\/OGC-T\">Oceanagold<\/a> by 5% and <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold<\/a> by 3.54%. Not faring as well were <a href=\"https:\/\/stockchase.com\/WCP-T\">Whitecap Resources<\/a>, sliding 6.53%, <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada<\/a> down 3.69% and <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> down 3.63%. Elsewhere, <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">Bitcoin<\/a> rose 1.3%, but even the 10-year U.S. yield slid nearly 2.5% to 1.564%.<\/p>\n<p>&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/JNJ-N\">Johnson &amp; Johnson<\/a> +2.33%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> -4.13%<br \/>\n&#x1f45f; <a href=\"https:\/\/stockchase.com\/NKE-N\">Nike Inc<\/a> -4.26%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/BKNG-Q\">Booking Holdings<\/a> -4.57%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group<\/a> -5.48%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> -3.92%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/KSU-N\">Kansas City Southern<\/a> +15.25%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/CNR-T\">Canadian National R.R.<\/a> -6.28%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/CP-T\">Canadian Pacific Rail<\/a> -2.23%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/OGC-T\">Oceanagold Corp<\/a> +5%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold Corp.<\/a> +3.54%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/WCP-T\">Whitecap Resources<\/a> -6.53%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada<\/a> -3.69%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc<\/a> -3.63%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">The Bitcoin Fund<\/a> +1.3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Lorne Steinberg, including BP PLC (A Top Pick May 07\/19, Down 45%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, stocks broadly [&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-222602","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\/222602","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=222602"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/222602\/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=222602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=222602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=222602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}