{"id":123394,"date":"2019-11-13T22:26:40","date_gmt":"2019-11-13T22:26:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=123394"},"modified":"2019-11-14T00:42:34","modified_gmt":"2019-11-14T00:42:34","slug":"tsx-dow-and-sp-make-new-highs-despite-a-flat-day","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-dow-and-sp-make-new-highs-despite-a-flat-day\/","title":{"rendered":"TSX, Dow and S&#038;P make new highs despite a flat day"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.investmentexecutive.com\/news\/research-and-markets\/tsx-hits-record-high-3\/\" target=\"_blank\" rel=\"noopener\">TSX<\/a> made a new high Wednesday, rising 0.29% to 16,957, driven by gains in materials, industrials and consumer staples. The Toronto index is up 23.5% year-to-date. Speaking of <a href=\"https:\/\/stockchase.com\/discover\/top-stocks-that-could-make-comeback\/\">comebacks<\/a>, <a href=\"https:\/\/stockchase.com\/HCG-T\">Home Capital Group<\/a> announced a big profit <a href=\"https:\/\/finance.yahoo.com\/news\/once-troubled-canadian-lender-rescued-100000144.html\" target=\"_blank\" rel=\"noopener\">beat<\/a>, then spiked over 14% to regain the ground it lost after its near-collapse in 2017 amid a scandal over falsified mortgage applications.<\/p>\n<p>There was good news in America, too, with the S&amp;P (3,094) and the Dow (27,783) inching up a few points to make new closing highs. The joy spread to the suddenly red-hot streaming biz. Disney+ is a hit.<\/p>\n<p>On Wednesday, the House of the Mouse announced that its streaming service attracted 10 million <a href=\"https:\/\/www.marketwatch.com\/story\/disney-stock-surges-to-record-high-on-the-eye-popping-subscription-number-for-disney-2019-11-13?siteid=yhoof2&amp;yptr=yahoo\" target=\"_blank\" rel=\"noopener\">subscribers<\/a> on its first day of service, despite outages and crashes. This number blew away analyst estimates and propelled <a href=\"https:\/\/stockchase.com\/DIS-N\">Disney<\/a> stock by 7.32%. Disney was the feel-good story on a flat day of trading where the New York indices barely budged. The markets held their breath for U.S. Fed Chair Jerome <a href=\"https:\/\/www.cbc.ca\/news\/business\/federal-reserve-jerome-powell-testify-congress-1.5357644\" target=\"_blank\" rel=\"noopener\">Powell<\/a> to announce that he foresees steady U.S. growth and so is pausing any interest rate moves. And no, he won&#8217;t slash rates to negative, despite public pressure from the White House.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/HCG-T\">Home Capital Group<\/a> +14%<br \/>\n<span class=\"c-emoji c-emoji__medium c-emoji--inline\" data-qa=\"emoji\" aria-describedby=\"slack-kit-tooltip\"><img decoding=\"async\" src=\"https:\/\/a.slack-edge.com\/production-standard-emoji-assets\/10.2\/google-medium\/1f4fa.png\" alt=\":televisi\u00f3n:\" aria-label=\"Emoji televisi\u00f3n\" data-stringify-type=\"emoji\" data-stringify-emoji=\":tv:\" \/><\/span> <a href=\"https:\/\/stockchase.com\/DIS-N\">Walt Disney<\/a> +7.32%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TSX made a new high Wednesday, rising 0.29% to 16,957, driven by gains in materials, industrials and consumer staples. The Toronto index is up 23.5% year-to-date. Speaking of comebacks, Home Capital Group announced a big profit beat, then spiked [&hellip;]<\/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":[158,202,374,372,373,290,334],"class_list":["post-123394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-disney","tag-interest-rates","tag-lending","tag-markets","tag-mortgages","tag-streaming-service","tag-u-s-fed"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/123394","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=123394"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/123394\/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=123394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=123394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=123394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}