{"id":204068,"date":"2020-12-17T17:44:29","date_gmt":"2020-12-17T22:44:29","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=204068"},"modified":"2020-12-17T17:44:29","modified_gmt":"2020-12-17T22:44:29","slug":"markets-rally-as-u-s-stimulus-approaches","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-as-u-s-stimulus-approaches\/","title":{"rendered":"Markets rally as U.S. stimulus approaches"},"content":{"rendered":"<p>Wall Street hit a rare grand slam Thursday as all the major indices plus the Russell 2000 make all-time highs. Investors looked past the gloomy Covid outlook and economic numbers to find hope in the forthcoming stimulus\/aid package that Washington is about to unveil.<\/p>\n<p>Also fueling optimism was a forthcoming decision on whether to approve the Moderna vaccine or not (<a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> shares popped 5%). Tech and consumer stocks led the way as the Nasdaq surged 0.84%, the S&amp;P 0.58%, the Dow 0.48% and the Russell 2000 1.3%. <a href=\"https:\/\/stockchase.com\/company\/view\/677\/JNJ-N\">Johnson &amp; Johnson<\/a>, expected to release the results of its own Covid vaccine in January, surged 2.64%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a>, which has been on the upswing, gave back 2.05%. Bitcoin continued to race up, jumping nearly 9%, as a barrel of WTI rose 1.2% and WCS barely 0.2%. Gold added $20 per ource.<\/p>\n<p>The TSX rallied in line with Wall Street, climbing 0.49%. Materials and tech led the charge, while real estate and telcos weakened. <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick<\/a> added 2.11% in heavy trading while <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> sank 6.21% after an analyst downgrade from hold to buy. Several other gold names popped, including <a href=\"https:\/\/stockchase.com\/company\/view\/3729\/OGC-T\">Oceanagold<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/2873\/PG-T\">Premier Gold Mines<\/a>, both leaping 9%. Elsewhere, Wildbrain rose 8.18%<\/p>\n<p>&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> +5%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/677\/JNJ-N\">Johnson &amp; Johnson<\/a> +2.64%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> -2.05%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/9\/ABX-T\">Barrick Gold<\/a> +2.11%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria Inc<\/a> -6.21%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/3729\/OGC-T\">Oceanagold Corp<\/a> +9%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/2873\/PG-T\">Premier Gold Mines<\/a> +9%<br \/>\n&#x1f39e; Wildbrain +8.18<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street hit a rare grand slam Thursday as all the major indices plus the Russell 2000 make all-time highs. Investors looked past the gloomy Covid outlook and economic numbers to find hope in the forthcoming stimulus\/aid package that Washington [&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-204068","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\/204068","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=204068"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/204068\/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=204068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=204068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=204068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}