{"id":203685,"date":"2020-12-15T17:22:33","date_gmt":"2020-12-15T22:22:33","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=203685"},"modified":"2020-12-16T07:52:41","modified_gmt":"2020-12-16T12:52:41","slug":"markets-surge-on-stimulus-optimism","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-surge-on-stimulus-optimism\/","title":{"rendered":"Markets surge on stimulus optimism"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1440\/Chris-Blumas\">Chris Blumas<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/CVS-N\"><span class=\"company-name\">CVS Health Corp<\/span><\/a> (<strong>A Top Pick Sep 17\/19, Up 18%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Wall Street rallied Tuesday, rebounding from four days of losses, as hopes rose for a Covid <a href=\"https:\/\/www.wsj.com\/articles\/global-stock-markets-dow-update-12-15-2020-11608026284\" target=\"_blank\" rel=\"noopener\">stimulus<\/a>\/aid bill to be finally passed. As of the market close, the top four congressional leaders in Washington were meeting to discuss the long-awaited bill. The backdrop is urgent as Covid cases increase in the U.S., though vaccines are being rolled out in record time. The Nasdaq climbed 1.25%, but the S&amp;P rose 1.3% and the Dow 1.14%.<\/p>\n<p>However, the <a href=\"https:\/\/stockchase.com\/IWM-N\">Russell 2000<\/a> of small-caps soared 2.4% to a new record of 1,959. The Russell is up 17% YTD vs. 14% for the S&amp;P (the Nasdaq is up 40%). Also driving the indices was <a href=\"https:\/\/www.cnbc.com\/2020\/12\/15\/apple-stock-up-on-report-itll-boost-iphone-production-30percent-in-2021.html\" target=\"_blank\" rel=\"noopener\">Apple<\/a>, soaring 5% as the most-trade stock on reports that it will boost iPhone production 30% in the first half of 2021. In consumer names, <a href=\"https:\/\/stockchase.com\/NKE-N\">Nike<\/a> advanced 2.28%. Some travel names gained, such as <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynn Resorts<\/a> by 6.1%.<\/p>\n<p>The TSX enjoyed the momentum by closing 0.68%. The big double-headline in Canadian stocks was that <a href=\"https:\/\/finance.yahoo.com\/news\/legislation-recognizes-qualifications-ontarios-technological-230500776.html\" target=\"_blank\" rel=\"noopener\">Air Transat<\/a>&#8216;s board rejected an offer from a private investor, but shareholder overwhelming accept Air Canada&#8217;s. <a href=\"https:\/\/stockchase.com\/TRZ-T\">Transat<\/a> stock soared 17.58% while <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada<\/a> inched up 0.92%. Other winners on Bay Street included materials, real estate, <a href=\"https:\/\/stockchase.com\/GSY-T\">Goeasy<\/a> up 4.76%, and <a href=\"https:\/\/stockchase.com\/STLC-T\">Stelco<\/a> which popped 9%. The price of WTI gained over 1% buy WCS slid 2.3%. Gold edged up to $1,850 per ounce while the CAD remained just below 79 cents against the greenback.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/IWM-N\">iShares Russell 2000 ETF<\/a> +2.4%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> +5%<br \/>\n&#x1f45f; <a href=\"https:\/\/stockchase.com\/NKE-N\">Nike Inc<\/a> +2.28%<br \/>\n&#x1f3e2; <a href=\"https:\/\/stockchase.com\/WYNN-Q\">Wynne Resorts Ltd.<\/a> +6.1%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/TRZ-T\">Transat AT Inc.<\/a> +17.58%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AC-T\">Air Canada<\/a> +0.92%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/GSY-T\">goeasy<\/a> +4.76%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/STLC-T\">Stelco Holdings Inc.<\/a> +9%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Chris Blumas, including CVS Health Corp (A Top Pick Sep 17\/19, Up 18%) Get Premium to receive all past top picks opinions a few hours before market open. Wall Street rallied [&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-203685","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\/203685","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=203685"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/203685\/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=203685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=203685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=203685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}