Following nearly a week of sharp selling across the board, tech stocks on Wednesday led a bounce to partially recover recent losses. The Nasdaq rallied 2.7% while the Dow rose 1.6% and the S&P climbed 2.01%. It was a convincing bounce, as the markets ended with near session highs, though volumes were lower than in previous days. FAANG names that surrendered 7-10% during the recent sell-off recovered some ground.<\/p>\n
Apple<\/a> jumped nearly 4% in heavy trading, Microsoft<\/a> spiked 4.26% and Tesla<\/a> soared about 11%, regaining half of its Tuesday plunge. There was green across the Dow components with consumer names like Home Depot<\/a> increasing 2.89%. Though gold remained essentially flat, oil partially recovered from the recent purge as the price of WCS spiked nearly 3% and WCS around 10%.<\/p>\n That bounce in WCS helped lift the TSX by 1.76% where consumer staples, materials and tech stocks also shone. Mining stocks struck gold, so to speak, as Ivanhoe Mines<\/a> surged 8%, Gran Colombia<\/a> 6.89% and Kinross<\/a> 6.45%. Meanwhile, Canadian Natural Resources<\/a> gained 2.62% in heavy trading and Whitecap Resources<\/a> 4.2%. The big headline in Toronto was tech favourite Lightspeed<\/a> POS announcing an IPO<\/a> on Wall Street. However, traders gave that the thumbs down by selling off the e-commerce stock by 4.05%. We’ll see if the market bounce continues.<\/p>\n 🍎 Apple<\/a> +4% Following nearly a week of sharp selling across the board, tech stocks on Wednesday led a bounce to partially recover recent losses. The Nasdaq rallied 2.7% while the Dow rose 1.6% and the S&P climbed 2.01%. It was a convincing […]<\/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-188509","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\/188509","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=188509"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/188509\/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=188509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=188509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=188509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nⓂ Microsoft<\/a> +4.26%
\n🚗 Tesla Motors Inc<\/a> +11%
\n⛏ Home Depot<\/a> +2.89%
\n👑 Ivanhoe Mines<\/a> +8%
\n🥇 Gran Colombia Gold Corp.<\/a> +6.89%
\n🥇 Kinross Gold<\/a> +6.45%
\n🛢 Canadian Natural Rsrcs<\/a> +2.62%
\n🛢 Whitecap Resources<\/a> +4.2%
\n💿 Lightspeed POS<\/a> -4.05%<\/p>\n","protected":false},"excerpt":{"rendered":"