Stockchase-logo
Track Stocks Watchlist
Top Picks Today
=iconClose Home All Opinions Top Picks Stocks Experts Top Experts Panic-proof Top 100 Stocks Monthly gems News
Watchlist Track Stocks
Top Picks Today
Home » Daily

Markets rally despite Fed comments

Allan Tong Posted On September 22, 2021
0
0
Shares
  • Share On Facebook
  • Tweet It

We’re happy to present the new version of the Stockchase Top Picks newsletter. Both the FREE and PREMIUM versions have been enhanced. Please reply to share your feedback or report any issue. Note that there was a small glitch yesterday that caused Monday’s daily intro text to appear again in the newsletter on Tuesday.

American indices climbed 1% Wednesday as it took in strike the U.S. Fed’s latest comments about inflation, tapering and interest rates. Jerome Powell didn’t startle markets and more or less repeated his mantra of waiting for full employment before tapering (vaguely “soon”) or raising rates in 2022 (no surprise). American stocks rallied higher before the mid-afternoon announcement, but did not slide after the Fed’s comments.

Boeing soared 4%, American Express rose 2.58% and Ford gained 3%. Many stocks recovered Monday’s losses. All the Dow components were positive, though healthcare was mixed. However, notable losers plunged after missing their latest quarters, namely Fedex, down over 9% (they also weakened their forecast due to labour and supply shortages) and Adobe which slid 3%. Also, Facebook tumbled 4%.

Rising oil prices helped lift the TSX by 0.78%. Staples and telos were flat, but all the major sectors enjoyed gains. WTI and WCS crude both jumped 2% to $72 and $60.50 per barrel respectively. Energy stocks led gains, such as Arc Resources up 2.69%, CNQ at 3.87% and Crescent Point Energy up 3.51%. Baytex soared over 12% as it changed the most hands. Outside energy, Bombardier climbed 3.83%. Some mining stocks showed weakness, such as Franco-Nevada, closing at -2.5%. Finally, Bitcoin leapt 6% to roughly $43,500.

🛫 Boeing +4%
💳 American Express +2.58%
🚚 Ford Motor +3%
📦 FedEx -9%
💾 Adobe Systems -3%
🕵️‍♂️ Facebook -4%
🛢 Arc Resources Ltd +2.69%
🛢 Canadian Natural Rsrcs +3.87%
🛢 Crescent Point Energy Corp +3.51%
🛢 Baytex Energy Corp +12%
🧬 Bombardier Inc (B) +3.83%
⛏ Franco-Nevada Corp. -2.5%
🅱 The Bitcoin Fund +6%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
This Week's Stock Picks & BNN Top Picks Summary: MELI-Q, V-N and 20 Stock and 4 ETF Top Picks (May 02-08)
Melisa R. H. May 9, 2025
Weekly 52-Week Low (or 52-Week High): DPM-T, III-T, SOY-T, IPO-T and More 52-Week Highs and Lows (Apr 16-22)
Melisa R. H. April 23, 2025
Fed fears ebb, markets extend rally
Read Next

Fed fears ebb, markets extend rally

  • logo

    We’re fintech passionates that reinvest almost all our revenues into the development of Stockchase and Wealthica. We hope you enjoy Stockchase and join Premium!

  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2023)
      8.5
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)
  • Popular Posts

    • This Week's Stock Picks & BNN Top Picks Summary: MELI-Q, V-N and 20 Stock and 4 ETF Top Picks (May 02-08)
    • Weekly 52-Week Low (or 52-Week High): DPM-T, III-T, SOY-T, IPO-T and More 52-Week Highs and Lows (Apr 16-22)
    • Most Anticipated Earnings: NGT-T, WCN-T and more Canadian Companies Reporting Earnings this Week (Apr 21-25)
  • Stock Lists

    • Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA...
      November 10, 2023
    • 13 Recession-Proof Stocks for Portfolio Safety
      October 26, 2023
    • The Ultimate Top Drone Stocks List for Sky-High Returns...
      October 25, 2023
    • Top Hotel Stocks to Buy for your Growth Portfolio
      October 12, 2023
    • Which Brookfield Stock to Buy? BAM vs BN: the Inspiring...
      October 9, 2023



  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search