{"id":340754,"date":"2024-01-12T17:10:01","date_gmt":"2024-01-12T22:10:01","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340754"},"modified":"2024-01-12T17:10:05","modified_gmt":"2024-01-12T22:10:05","slug":"stocks-gain-for-the-week-oil-climbs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-gain-for-the-week-oil-climbs\/","title":{"rendered":"Stocks gain for the week, oil climbs"},"content":{"rendered":"\n<p>The Friday session began strong, but closed weaker. The TSX still managed to rise 0.34%, just a hair below 21,000, and turned positive for the week, up 0.25%. Most sectors were up, led by materials and industrials, but staples and financial lagged. <\/p>\n\n\n\n<p>One uranium supplier announced production cuts, so <a href=\"https:\/\/stockchase.com\/NXE-T\">Nexgen<\/a> soared 11.11% and <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco<\/a> 7.12%. Meanwhile, <a href=\"https:\/\/stockchase.com\/ATZ-T\">Aritzia<\/a> jumped another 8.97%, <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada<\/a> closed -4.43% and <a href=\"https:\/\/stockchase.com\/CJR.B-T\">Corus<\/a> rocketed over 23% after reporting a profit beat. Concerns of an escalating conflict in the Middle East fueled WTI&#8217;s price another 1% to $72.75 a barrel.<\/p>\n\n\n\n<p>Despite an unexpected decline in American PPI (producers&#8217; inflation), the S&amp;P and Dow closed flat, though the indices gained 1.8% and 2.8% for the week respectively. The Dow sank 0.34% on Friday, but managed a 0.3% gain for the week. <a href=\"https:\/\/stockchase.com\/UNH-N\">UnitedHealth<\/a> reported a beat, but shares still slid 3.5%. Meanwhile, <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> closed -9.36%, <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Airlines<\/a> -10.32%, and <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> -3.67%. The American banks reported Friday with most of them sinking, including <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> at -1.13%, but <a href=\"https:\/\/stockchase.com\/C-N\">Citibank<\/a> climbed 1.04%. The U.S. 10-year yield remained just below 4%, but <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> slid another 5.6% to $43,700. <\/p>\n\n\n\n<p>Wall Street is closed Monday to honour Martin Luther King. The TSX will be open as usual.<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/NXE-T\">NexGen Energy\u00a0(NXE-T)<\/a> +11.11%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco Corporation\u00a0(CCO-T)<\/a> +7.12%<\/p>\n\n\n\n<p>&#x1f457; <a href=\"https:\/\/stockchase.com\/ATZ-T\">Aritzia Inc.\u00a0(ATZ-T)<\/a> +8.97%<\/p>\n\n\n\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada\u00a0(AC-T)<\/a> -4.43%<\/p>\n\n\n\n<p>&#x1f4e1; <a href=\"https:\/\/stockchase.com\/CJR.B-T\">Corus Entertainment (B)\u00a0(CJR.B-T)<\/a> +23%<\/p>\n\n\n\n<p>&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/UNH-N\">UnitedHealth Group Inc\u00a0(UNH-N)<\/a> -3.5%<\/p>\n\n\n\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group\u00a0(AAL-Q)<\/a> -9.36% <\/p>\n\n\n\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/UAL-Q\">United Airlines Holdings\u00a0(UAL-Q)<\/a> -10.32%<\/p>\n\n\n\n<p>&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Inc\u00a0(TSLA-Q)<\/a> -3.67%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America\u00a0(BAC-N)<\/a> -1.13%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/C-N\">Citigroup Inc.\u00a0(C-N)<\/a> +1.04%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -5.6%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Friday session began strong, but closed weaker. The TSX still managed to rise 0.34%, just a hair below 21,000, and turned positive for the week, up 0.25%. Most sectors were up, led by materials and industrials, but staples and [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","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-340754","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\/340754","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=340754"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340754\/revisions"}],"predecessor-version":[{"id":340758,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340754\/revisions\/340758"}],"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=340754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}