{"id":197588,"date":"2020-11-05T18:46:33","date_gmt":"2020-11-05T23:46:33","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=197588"},"modified":"2020-11-05T18:46:33","modified_gmt":"2020-11-05T23:46:33","slug":"election-rally-continues","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/election-rally-continues\/","title":{"rendered":"Election rally continues"},"content":{"rendered":"<p>At the Thursday close, the U.S. was still counting votes in battleground states, though Democratic remained closer to winning the election. A winner may be declared literally at any moment. However, markets were behaving as if Biden had won, though the Republicans will likely keep control of the Senate, thereby preventing a Blue Wave. Wall Street enjoyed another strong session as the Dow and S&amp;P climbed 2% and the Nasdaq jumped 2.59% to approach its September 2 high.<\/p>\n<p>Tech continued to rise as <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> gained 3.55% as the day&#8217;s heaviest-traded stock. <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> both rose 2.5%. Also exchanging many hands was <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines<\/a> which enjoyed a 5.41% lift. Industrials reversed losses earlier in the week as <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> bounced up 5% and Dow by 5.43%. Healthcare saw mixed trading. The day&#8217;s big winner was <a href=\"https:\/\/finance.yahoo.com\/m\/7dff17a1-69a6-3ffd-8821-e6c3c8f95c57\/qualcomm%E2%80%99s-fortune-turns-as.html\" target=\"_blank\" rel=\"noopener\">Qualcomm<\/a> soared 12.75% after the chipmaker forecast Q1 revenues above street estimates and projected solid growth in 5G smartphone sales in 2021.<\/p>\n<p>Unlike past days, the TSX kept pace of gains with its southern neighbours, by popping 1.87%. After further legalization in some American states, American investors continue to pour into Canadian <a href=\"https:\/\/finance.yahoo.com\/video\/cannabis-landslide-election-night-curaleaf-184212047.html\" target=\"_blank\" rel=\"noopener\">weed<\/a> stocks. <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora<\/a> rocketed 40% as <a href=\"https:\/\/stockchase.com\/company\/view\/5508\/CRON-T\">Cronos<\/a> leapt 16%. Precious metals enjoyed another up day as <a href=\"https:\/\/stockchase.com\/company\/view\/2388\/EDR-T\">Endeavour Silver<\/a> rallied 21%. Investors were thrilled with <a href=\"https:\/\/finance.yahoo.com\/news\/educational-money-app-treasure-card-140000930.html\" target=\"_blank\" rel=\"noopener\">Lightspeed<\/a> POS&#8217;s Q2 report and Q3 outlook, pushing the tech stock up 16.28%. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/2802\/AC-T\">Air Canada<\/a> rose 7.49%. Every TSX sector finished in the green, but materials jumped 6%. The US dollar continued to weaked as the Canadian loonie rose past 76.5 cents. The price of gold advanced over 2%, though the price of oil slipped over 1%.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +3.55%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com<\/a> +2.5%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> +2.5%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines Group<\/a> +5.41%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> +5%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/1007\/QCOM-Q\">Qualcomm<\/a> +12.75%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis<\/a> +40%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5508\/CRON-T\">Cronos Group Inc<\/a> +16%<br \/>\n&#x1f948; <a href=\"https:\/\/stockchase.com\/company\/view\/2388\/EDR-T\">Endeavour Silver Corp.<\/a> +21%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> +16.28%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/2802\/AC-T\">Air Canada<\/a> +7.49%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the Thursday close, the U.S. was still counting votes in battleground states, though Democratic remained closer to winning the election. A winner may be declared literally at any moment. However, markets were behaving as if Biden had won, though [&hellip;]<\/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-197588","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\/197588","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=197588"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/197588\/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=197588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=197588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=197588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}