{"id":193281,"date":"2020-10-12T20:09:54","date_gmt":"2020-10-13T00:09:54","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=193281"},"modified":"2020-10-12T20:09:54","modified_gmt":"2020-10-13T00:09:54","slug":"tech-leads-monday-u-s-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-leads-monday-u-s-rally\/","title":{"rendered":"Tech leads Monday U.S. rally"},"content":{"rendered":"

American stocks surged to begin the week, led by the mega-cap tech names. Apple<\/a> soared 6.35% (a day before unveiling its new iPhone) while Amazon<\/a> spiked 4.75% ahead of Prime Day on Tuesday and Wednesday. Facebook<\/a> didn’t fare too badly either, jumping 4.27% while Microsoft<\/a> rose 2.59%.<\/p>\n

The sun total of all this buying amounted to the Nasdaq gaining 2.59% on Monday, while the S&P inched 1.64% to approach its all-time highs and the Dow climbed 0.88%. Goldman Sachs<\/a> was one of the non-tech names to jump, up 3.17%, before the American banks report this week. Pure momentum appears to be propelling markets, given that Washington is still wrangling over a stimumlus package.<\/p>\n

The TSX was closed Monday to observe Canadian Thanksgiving, but over the weekend, Air Canada<\/a> announced it would buy Air Transat at $5\/share, slashed from the earlier $18 offer. In oil, the price of WCS and WTI each slumped by a dollar while the price of gold shed $7.<\/p>\n

🍎 Apple<\/a> +6.35%
\n📦 Amazon.com<\/a> +4.75%
\n🕵️‍♂️ Facebook<\/a> +4.27%
\nⓂ Microsoft<\/a> +2.59%
\n🏛 Goldman Sachs<\/a> +3.17%<\/p>\n","protected":false},"excerpt":{"rendered":"

American stocks surged to begin the week, led by the mega-cap tech names. Apple soared 6.35% (a day before unveiling its new iPhone) while Amazon spiked 4.75% ahead of Prime Day on Tuesday and Wednesday. Facebook didn’t fare too badly […]<\/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-193281","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\/193281","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=193281"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/193281\/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=193281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=193281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=193281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}