{"id":223211,"date":"2021-04-23T17:36:34","date_gmt":"2021-04-23T21:36:34","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=223211"},"modified":"2021-04-24T08:17:05","modified_gmt":"2021-04-24T12:17:05","slug":"stocks-bounce-back-on-strong-u-s-data","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-bounce-back-on-strong-u-s-data\/","title":{"rendered":"Stocks bounce back on strong U.S. data"},"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\/28\/Robert-McWhirter\">Robert McWhirter<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/GSY-T\"><span class=\"company-name\">goeasy<\/span><\/a> (<strong>A Top Pick Apr 29\/19, Down 21%<\/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>Stocks rebounded Friday to end a choppy week with the main American indices and the TSX all closing just shy of record highs set seven days ago. The Nasdaq roared back 1.44% as tech led gains, followed by the S&amp;P at 1.09%, the Dow at 0.67% and the TSX at a more modest 0.37%. Investors shrugged off Thursday&#8217;s reports of Biden hiking the U.S. capital gains tax which will help pay his hefty infrastructure plan. Also, investors were encouraged by news data showing strong <a href=\"https:\/\/sports.yahoo.com\/us-stocks-wall-street-rallies-190644029.html\" target=\"_blank\" rel=\"noopener\">factory<\/a> activity and housing starts to blew away estimates. The rally was broad, lifting all Dow sectors.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> popped 2.57%, <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> climbed 1.8% and Dow 1.94%. Travel advanced as <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> soared 5.18%. In contrast, <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> plunged 5.32% following a disappointing Q1 report.<\/p>\n<p>The picture was more mixed in Toronto as financials and energy rallied, leaving behind the other sectors. Still, the TSX returned to 19,100 with big gains coming from <a href=\"https:\/\/stockchase.com\/ACQ-T\">AutoCanada<\/a> at 8.17%, <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> 4.05%. <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard power<\/a> 7.51% and <a href=\"https:\/\/stockchase.com\/TOY-T\">Spin Master<\/a> 4.12%. several gold names gave back recent gains, such as <a href=\"https:\/\/stockchase.com\/K-T\">Kinross<\/a> at -2.86%. Also slipping were <a href=\"https:\/\/stockchase.com\/ARE-T\">Aecon<\/a> at -2.46% and <a href=\"https:\/\/stockchase.com\/ITP-T\">Intertape Polymer<\/a> at -2.48%. Crude oil prices climbed over 1%, gold slipped 0.3% and Bitcoin plunged below $50,000, but finished above $51,000 by the close.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> +2.57%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> +1.8%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group<\/a> +5.18%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/INTC-Q\">Intel<\/a> -5.32%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/ACQ-T\">AutoCanada Inc.<\/a> +8.17%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed POS<\/a> +4.05%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power Systems<\/a> +7.51%<br \/>\n&#x1f9f8; <a href=\"https:\/\/stockchase.com\/TOY-T\">Spin Master Corp<\/a> +4.12%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/K-T\">Kinross Gold<\/a> -2.86%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/ARE-T\">Aecon Group Inc<\/a> -2.46%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/ITP-T\">Intertape Polymer Group<\/a> -2.48%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Robert McWhirter, including goeasy (A Top Pick Apr 29\/19, Down 21%) Get Premium to receive all past top picks opinions a few hours before market open. Stocks rebounded Friday to end [&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-223211","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\/223211","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=223211"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/223211\/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=223211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=223211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=223211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}