{"id":238872,"date":"2021-08-09T18:22:49","date_gmt":"2021-08-09T22:22:49","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=238872"},"modified":"2021-08-09T18:22:49","modified_gmt":"2021-08-09T22:22:49","slug":"energy-pressures-stocks","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/energy-pressures-stocks\/","title":{"rendered":"Energy pressures stocks"},"content":{"rendered":"<p>On Monday, markets closed mixed and were slightly down from Friday&#8217;s record highs pressured by lower oil prices. The Dow finished -0.3% on additional weakness from tech and consumer names. The S&amp;P shed four points and was basically flat.<\/p>\n<p>Soaring over 17% was <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna<\/a> after Australia and Switzerland approved its Covid vaccine. <a href=\"https:\/\/stockchase.com\/TSN-N\">Tyson Food<\/a> was another winner, jumping 8.69% while <a href=\"https:\/\/stockchase.com\/NUE-N\">Nucor<\/a> advanced 3.33%. In contrast, <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> gave back 2.3% in heavy trading and <a href=\"https:\/\/stockchase.com\/GM-N\">GM<\/a> gave up 2%. Both WTI and WCS crude prices lost more than 2% on fears that rising Delta variant cases will limit oil demand. That didn&#8217;t effect the Nasdaq, which added 0.16%. Little-known <a href=\"https:\/\/stockchase.com\/ANY-Q\">Sphere 3D<\/a> zoomed 11.11% in massive volumes after landing bitcoin mining rights.<\/p>\n<p>The TSX slipped 0.19%, also retreating slightly from last week&#8217;s record highs. Besides energy, materials also weighed on Canadian stocks while real estate and financials saw modest gains. Among the biggest movers were <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> at -2.39%, <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> at -2.16% and <a href=\"https:\/\/stockchase.com\/K-T\">Kinross Gold<\/a> at -2.45%. One of the strongest stocks was <a href=\"https:\/\/stockchase.com\/WIR.UN-T\">WPT Industrial REIT<\/a>, soaring 16% on news that Blackstone REIT will buy it for US$3.1 billion. Elsewhere, <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power<\/a> surged about 6% and <a href=\"https:\/\/stockchase.com\/GRT.UN-T\">Granite REIT<\/a> added 3.85%. Meanwhile, gold held steady while <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">Bitcoin<\/a> inched up 0.4%.<\/p>\n<p>&#x1f489; <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna<\/a> +17%<br \/>\n&#x1f96b; <a href=\"https:\/\/stockchase.com\/TSN-N\">Tyson Foods Inc.<\/a> +8.69%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/NUE-N\">Nucor Corp.<\/a> +3.33%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices<\/a> -2.3%<br \/>\n&#x1f699; <a href=\"https:\/\/stockchase.com\/GM-N\">General Motors Corporation<\/a> -2%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/ANY-Q\">Sphere 3D<\/a> +11.11%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc<\/a> -2.39%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy<\/a> -2.16%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/K-T\">Kinross Gold<\/a> -2.45%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/WIR.UN-T\">WPT Industrial REIT<\/a> +16%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power Systems<\/a> +6%<br \/>\n&#x1f3d9; <a href=\"https:\/\/stockchase.com\/GRT.UN-T\">Granite REIT<\/a> +3.85%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">The Bitcoin Fund<\/a> +0.4%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, markets closed mixed and were slightly down from Friday&#8217;s record highs pressured by lower oil prices. The Dow finished -0.3% on additional weakness from tech and consumer names. The S&amp;P shed four points and was basically flat. Soaring [&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-238872","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\/238872","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=238872"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/238872\/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=238872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=238872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=238872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}