On Wednesday, the S&P and Nasdaq erased Tuesday’s losses as markets in New York and Toronto were lifted by general optimism over economies gradually reopening. Al 11 sectors of the S&P traded higher with the S&P closing about 12% from its all-time peak. The Dow rose 1.52% and lags its all-time high by 17%.<\/p>\n
However, the Nasdaq climbed 2.08% to close just 5% shy of its record high. Facebook<\/a> and Amazon<\/a> closed Wednesday at at all-time highs. The social media giant soared 6% to close right below $230, while the e-commerce behemoth ticked up nearly 2% to close at $2,497.<\/p>\n The TSX continued its Tuesday rally as it climbed 0.75%. Energy and industrials fuelled the rise as WCS gained 3.7% to nearly $24\/barrel and WTI jumped 5% past $33\/barrel, after it was reported that U.S. oil supplies<\/a> fell an unexpected 5 million barrels last week. Energy names like Whitecap Resources<\/a> and Husky<\/a> soared 16.49% and 10.51%, respectively. Other notable gainers include two Canadian icons, CP Rail<\/a>, up 5.12%, and Canadian Tire<\/a>, rising 3.12% as its stores are seeing long lines during the reopening. The risk-on appetite Wednesday meant that bond proxies like utilities fell. Meanwhile, gold remained steady at $1,748\/ounce.<\/p>\n 🕵️♂️ Facebook<\/a> +6% On Wednesday, the S&P and Nasdaq erased Tuesday’s losses as markets in New York and Toronto were lifted by general optimism over economies gradually reopening. Al 11 sectors of the S&P traded higher with the S&P closing about 12% from […]<\/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":[],"class_list":["post-169760","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\/169760","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=169760"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/169760\/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=169760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=169760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=169760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n📦 Amazon.com<\/a> +2%
\n🛢 Whitecap Resources<\/a> +16.49%
\n⚡ Husky Energy<\/a> +10.51%
\n🚂 Canadian Pacific Rail<\/a> +5.12%
\n🏪 Canadian Tire Corporation Ltd. (A)<\/a> +3.12%<\/p>\n","protected":false},"excerpt":{"rendered":"