{"id":210770,"date":"2021-02-04T19:06:51","date_gmt":"2021-02-05T00:06:51","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=210770"},"modified":"2021-02-04T19:06:51","modified_gmt":"2021-02-05T00:06:51","slug":"stocks-rally-on-upbeat-data-earnings","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-rally-on-upbeat-data-earnings\/","title":{"rendered":"Stocks rally on upbeat data, earnings"},"content":{"rendered":"

Markets continued to climb Thursday, driven by various forces: better than expected unemployment<\/a> claims in the U.S., positive earnings and a gradual decline in Covid cases worldwide. On Wall Street, the S&P (1.09%) and Nasdaq (1.23%) made record highs as the Dow advanced 1.08%. All the Dow components enjoyed gains.<\/p>\n

In financials, Visa<\/a> jumped nearly 4%, and in tech, Cisco<\/a> Systems climbed 3.23%. Elsewhere, Met Life rose 6.11% and L Brands<\/a> leapt 9.35% after raising its forecast<\/a> and planning to spin-off Victoria’s Secret. In contrast, Qualcomm<\/a> plunged 8.83% after an earnings miss and analyst downgrade<\/a>.<\/p>\n

The TSX rose 0.7% as most sectors gained, though materials lagged. Surging online sales and robust sales in China propelled Canada Goose<\/a> to deliver an impressive quarter<\/a>. The stock soared 22.38% in Toronto. Other notable gainers included Kelt Exploration<\/a>, up 11.44%, Methanex<\/a> at 6.44% and GFL Environmental<\/a> up 5.81%. Many gold and silver names reversed direction from earlier this week by giving back some of those gains. Oil continued to break new one-year highs as the price of WTI and WSC climbed around 1.25%. Meanwhile, the price of gold lost over 2%. Nearly 90% of stocks are trading above their 200-day moving averages, which indicates a strong bullish run, but also the vulnerability of a pullback.<\/p>\n

💳 Visa Inc.<\/a> +4%
\n📱 Cisco<\/a> +3.23%
\n🏛 Met Life +6.11%
\n👙 L Brands<\/a> +9.35%
\n💿 Qualcomm<\/a> -8.83%
\n🧣 Canada Goose Holdings<\/a> +22.38%
\n🛢 Kelt Exploration<\/a> +11.44%
\n🧪 Methanex Corp<\/a> +6.44%
\n🌿 GFL Environmental Inc.<\/a> +5.81%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets continued to climb Thursday, driven by various forces: better than expected unemployment claims in the U.S., positive earnings and a gradual decline in Covid cases worldwide. On Wall Street, the S&P (1.09%) and Nasdaq (1.23%) made record highs as […]<\/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-210770","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\/210770","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=210770"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/210770\/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=210770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=210770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=210770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}