{"id":219256,"date":"2021-03-31T19:27:45","date_gmt":"2021-03-31T23:27:45","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=219256"},"modified":"2021-03-31T19:27:45","modified_gmt":"2021-03-31T23:27:45","slug":"growth-data-and-biden-plan-lift-bay-and-wall-streets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/growth-data-and-biden-plan-lift-bay-and-wall-streets\/","title":{"rendered":"Growth data and Biden plan lift Bay and Wall streets"},"content":{"rendered":"<p>The first quarter ended on a largely positive note Wednesday. Canada&#8217;s economy expanded for a ninth-straight month, based on new January data, and impressing Bay Street. The TSX ticked up 0.13%, lifted by tech and materials while telcos and financials lagged.<\/p>\n<p>Big gainers including <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas<\/a> up 11.66%, <a href=\"https:\/\/stockchase.com\/company\/view\/1342\/WFG-T\">West Fraser Timber<\/a> at 8.24%, <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> 4.75% and <a href=\"https:\/\/stockchase.com\/company\/view\/4971\/PLC-T\">Park Lawn<\/a> at 11.25%. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/6015\/TXP-T\">Touchstone Exploration<\/a> slid 26.5%, <a href=\"https:\/\/stockchase.com\/company\/view\/2403\/BAM-N\">Brookfield Asset Managment<\/a> slipped 2.43% and <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">Blackberry<\/a> lost 10.53% after reporting a Q4 revenue drop. After recent gains, the prices of WTI and WCS crude gave back over 2%.<\/p>\n<p>On Wall Street, the S&amp;P made a new record high after climbing 0.37% to nearly 4,000 points. The Dow weakened by the closing bell and closed -0.25%, but the Nasdaq rallied 1.54%. For another session, the Nasdaq and the 10-year U.S. treasury yield both climbed, showing a breakdown in this counter-correlation. The 10-year increased by 1.68% to 1.7315%. Tech bounced back: <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> 5.08%, <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> 3.29% and <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> 2.66%. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/57\/AMAT-Q\">Applied Materials<\/a> gained 5.4%, <a href=\"https:\/\/stockchase.com\/company\/view\/6705\/BNGO-Q\">Bionano Genomics<\/a> 4.66%. Financials and energy lagged as <a href=\"https:\/\/stockchase.com\/company\/view\/1515\/MRO-N\">Marathon Oil<\/a> tumbled 2.73%. Also selling off were <a href=\"https:\/\/stockchase.com\/company\/view\/704\/KR-N\">Kroger<\/a>, down 5.49%, and <a href=\"https:\/\/stockchase.com\/company\/view\/6725\/VIAC-Q\">ViacomCBS<\/a> down 3.24%. After a day of trading were eagerly awaiting details of President Biden&#8217;s US$2-trillion infrastructure plan.<\/p>\n<p>&#x1f948; <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas Corp<\/a> +11.66%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/1342\/WFG-T\">West Fraser Timber<\/a> +8.24%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc.<\/a> +4.75%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/4971\/PLC-T\">Park Lawn Corp<\/a> +11.25%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/6015\/TXP-T\">Touchstone Exploration Inc.<\/a> -26.5%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/2403\/BAM-N\">Brookfield Asset Management Inc.<\/a> -2.43%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> -10.53%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> +5.08%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices<\/a> +3.29%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> +2.66%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/57\/AMAT-Q\">Applied Materials<\/a> +5.4%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6705\/BNGO-Q\">Bionano Genomics<\/a> +4.66%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1515\/MRO-N\">Marathon Oil<\/a> -2.73%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/704\/KR-N\">Kroger Co.<\/a> -5.49%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/6725\/VIAC-Q\">ViacomCBS<\/a> -3.24%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first quarter ended on a largely positive note Wednesday. Canada&#8217;s economy expanded for a ninth-straight month, based on new January data, and impressing Bay Street. The TSX ticked up 0.13%, lifted by tech and materials while telcos and financials [&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-219256","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\/219256","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=219256"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/219256\/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=219256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=219256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=219256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}