{"id":119782,"date":"2019-11-01T20:23:39","date_gmt":"2019-11-01T20:23:39","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=119782"},"modified":"2019-11-02T02:17:56","modified_gmt":"2019-11-02T02:17:56","slug":"rosy-u-s-and-chinese-data-push-markets-to-new-highs-as-streaming-gears-up","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/rosy-u-s-and-chinese-data-push-markets-to-new-highs-as-streaming-gears-up\/","title":{"rendered":"Rosy U.S. and Chinese data push markets to new highs as streaming gears up"},"content":{"rendered":"

Markets on both sides of the border ended on optimism as the S&P and Nasdaq<\/a> made new all-time highs while the Dow rose a full percent. The TSX closed 110 points higher, near 15,600. Unlike recent up days, Friday boasted strong, above-average volumes. One of the key catalysts was that Friday’s U.S. jobs report was rosier than expected, though the manufacturing sector shrunk for the third-straight month. Further,, manufacturing in China surprisingly expanded in October.<\/p>\n

Earnings continued to roll in. Fairfax Financial<\/a> announced Q3 earnings<\/a> which nosedived 35% to US$68.6 million, which reflected US$96.7 million in net investment losses. Investors remained confident. Fairfax closed Friday up 3.05%, rallying after a morning sell-off. The tech space was especially busy on Friday. Google<\/a> announced it was buying Fitbit<\/a> for US$2.1 billion and will now take on Samsung and Apple in the wearables sector. Alphabet\/Google inched up Friday by 1.06%.<\/p>\n

Speaking of Apple<\/a>, the iPhone giant launched its streaming service, Apple+<\/a>, in over 100 countries on Friday. This launch comes shortly before the Nov. 12 debut of another big streamer, Disney+<\/a>. Disney<\/a> shares leapt 2.16%. Suddenly, investors are watching the streaming space. Netflix<\/a> closed down 0.21%.<\/p>\n

\"CA Fairfax Financial<\/a> +3.05
\n🌐 Alphabet Inc. \/ Google<\/a> +1.06%
\n🧙‍♀️ Walt Disney<\/a> +2.16%
\n\":televisi\u00f3n:\"\u00a0Netflix Inc.<\/a> -0.21%<\/div>\n","protected":false},"excerpt":{"rendered":"

Markets on both sides of the border ended on optimism as the S&P and Nasdaq made new all-time highs while the Dow rose a full percent. The TSX closed 110 points higher, near 15,600. Unlike recent up days, Friday boasted […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"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":[207,31,126,344,261,134,345,171,226,343],"class_list":["post-119782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-america","tag-apple","tag-china","tag-employment","tag-manufacturing","tag-netflix","tag-streaming-services","tag-tech-stocks","tag-trade","tag-wearables"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/119782","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=119782"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/119782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=119782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=119782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=119782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}