{"id":222060,"date":"2021-04-16T19:26:58","date_gmt":"2021-04-16T23:26:58","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=222060"},"modified":"2021-04-17T08:46:47","modified_gmt":"2021-04-17T12:46:47","slug":"markets-climb-to-new-highs-in-record-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-climb-to-new-highs-in-record-week\/","title":{"rendered":"Markets climb to new highs in record week"},"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\/1341\/Zachary-Curry\">Zachary Curry<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/680\/JPM-N\"><span class=\"company-name\">JP Morgan Chase &amp; Co<\/span><\/a> (<strong>A Top Pick Jun 04\/19, Down 17%<\/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>It was a week of rallies, both in tech and cyclicals and on Bay and Wall streets. On Friday, the S&amp;P and Dow made new record closes, rising 0.36% and 0.49%, while the TSX made an intraday high and finished 0.15% ahead. Meanwhile, the Nasdaq inched up 0.1% following a powerful session the day before. Continuing strong U.S. bank reports and record Chinese growth in Q1 of 18.3% YOY fanned optimism among investors.<\/p>\n<p>Again, materials led and energy lagged on the TSX. In fact, natural resources and commodities had a good Friday. Among the big gainers were <a href=\"https:\/\/stockchase.com\/company\/view\/3899\/GSY-T\">GoEasy<\/a> up 8.8%, <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor<\/a> 7.13%, <a href=\"https:\/\/stockchase.com\/company\/view\/213\/CAS-T\">Cascades<\/a> 5.14% and <a href=\"https:\/\/stockchase.com\/company\/view\/2323\/WEF-T\">Western Forest Products<\/a> 4.83%. Losing ground were <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals<\/a> at -6.26%, <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> -5.88% and <a href=\"https:\/\/stockchase.com\/company\/view\/1308\/VET-T\">Vermilion Energy<\/a> -4.05%. Both the price of WTI and WCS slipped more than 0.5% by the close to limit the TSX&#8217;s&#8217;s overall gains. Investors shrugged off gloomy news about the Covid situation in Canada, in particular Ontario.<\/p>\n<p>In contrast, America continues to vaccinate and reopen. On Wall Street, the Dow sector showed gains, apart from energy and a flat performance in tech. In the home-building sector, <a href=\"https:\/\/stockchase.com\/company\/view\/2458\/DHI-N\">DR Horton<\/a> rose 3.57% and <a href=\"https:\/\/stockchase.com\/company\/view\/1115\/SHW-N\">Sherwin Williams<\/a> gained 3.8%. Bank earnings continued to hit home runs, but after <a href=\"https:\/\/stockchase.com\/company\/view\/835\/MS-N\">Morgan Stanley<\/a> reported record Q1 results in earnings and revenues, the stock sold off during the session to close -2.76%. The U.S. 10-yield inched up to 1.585%, though <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> slipped 2.34%.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/3899\/GSY-T\">goeasy<\/a> +8.8%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor Corp<\/a> +7.13%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/213\/CAS-T\">Cascades Inc<\/a> +5.14%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/2323\/WEF-T\">Western Forest Products Inc.<\/a> +4.83%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals Inc.<\/a> -6.26%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> -5.88%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1308\/VET-T\">Vermilion Energy Inc<\/a> -4.05%<br \/>\n&#x1f3d8; <a href=\"https:\/\/stockchase.com\/company\/view\/2458\/DHI-N\">D R Horton Inc.<\/a> +3.57%<br \/>\n&#x1f468;&#x200d;&#x1f3a8; <a href=\"https:\/\/stockchase.com\/company\/view\/1115\/SHW-N\">Sherwin-Williams Co.<\/a> +3.8%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/835\/MS-N\">Morgan Stanley<\/a> -2.76%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -2.34%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Zachary Curry, including JP Morgan Chase &amp; Co (A Top Pick Jun 04\/19, Down 17%) Get Premium to receive all past top picks opinions a few hours before market open. It [&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-222060","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\/222060","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=222060"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/222060\/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=222060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=222060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=222060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}