{"id":178136,"date":"2020-07-08T23:20:40","date_gmt":"2020-07-08T23:20:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=178136"},"modified":"2020-07-08T23:20:40","modified_gmt":"2020-07-08T23:20:40","slug":"big-tech-leads-market-rebound","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/big-tech-leads-market-rebound\/","title":{"rendered":"Big tech leads market rebound"},"content":{"rendered":"

Apple<\/a>, Amazon<\/a>, Facebook<\/a>, Microsoft<\/a> and Netflix<\/a> all made record closes on Wednesday. It was a session that big tech names ruled, with the Nasdaq closing at yet another record high of 10,482, up 1.34%. Moreover, markets rallied at the end of the session, partially lifted by optimistic comments from the St. Louis Fed<\/a>.<\/p>\n

Bullish investors also point to the declining number of deaths<\/a> from COVID-19 in America, even though case numbers continue to rise in the sunbelt states<\/a>. (The discrepancy is due to more younger people catching the virus.) Beyond tech, the S&P rose 0.78% and the Dow gained 0.68% which closed within 12% of its all-time high.<\/p>\n

Toronto lagged New York as the TSX rose 0.22%, but certain stocks soared. A&W<\/a> announced it was restoring its dividend<\/a> and investors repaid it with a 15.66% spike. MTY Food Group<\/a> jumped 14.36%, and Cineplex<\/a> popped 8.33% after announcing it was issuing convertible debentures<\/a>. The energy sector lagged 2%, but materials gained 2%. Wesdome Gold Mines<\/a> soared 10.53% as gold ticked above $1,800\/ounce. Likewise WCS and WTI inched over 0.5%.\u00a0 Canadian markets were shadowed today by news from Ottawa that our deficit<\/a> has ballooned to levels not seen since World War Two. While that’s no surprise to anyone, the numbers give pause.<\/p>\n

🏛 A&W Revenue Royalties Income Fund<\/a> +15.66%
\n🍱 MTY Food Group<\/a> +14.36%
\n📽 Cineplex Inc<\/a> +8.33%
\n🥇 Wesdome Gold Mines Ltd.<\/a> +10.53%<\/p>\n","protected":false},"excerpt":{"rendered":"

Apple, Amazon, Facebook, Microsoft and Netflix all made record closes on Wednesday. It was a session that big tech names ruled, with the Nasdaq closing at yet another record high of 10,482, up 1.34%. Moreover, markets rallied at the end […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"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-178136","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\/178136","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=178136"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/178136\/revisions"}],"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=178136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=178136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=178136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}