Stocks, led by tech, bounced back Thursday after three days of sharp selling which was triggered by surprisingly strong inflation data. Optimism came from a new pandemic-era low in U.S. jobless claims of 473,000, which was lower than expected. Except energy, all the Dow components rallied.<\/p>\n
JPMorgan<\/a> jumped 2.57%, Home Depot<\/a> rose 2.66% to recover from its recent sell-off and 3M<\/a> climbed 2.28%. Tech heavyweights like Apple<\/a> regained some ground lost in recent sessions, advancing 1.79%. However, Airbnb<\/a> slid 3.21% during the session then another 4% after hours as its quarterly report hit the street. Likewise, Disney<\/a> slid 4% after the bell following its own report. However, those losses paled next to Bitcoin<\/a>, which tanked 10% after Elon Musk announced that Tesla will no longer accept the cryptocurrency to purchase his e-cars.<\/p>\n The TSX gained 0.29% led by industrials and financials, while energy and tech lagged. The TSX faded into the close. Earnings season is well underway in Canada with Canadian Tire<\/a> popping 10.6% in a blowout report, led by super e-commerce numbers. Likewise, WSP’s Global<\/a> positive report raised its shares by 9.22%. Even though Canada Goose reported an earnings beat, the street interpreted it guidance and spending plans as lackluster hampered in part by a weak recovery in tourism. The GOOS<\/a> plunged 9%. Energy stocks took a hit as Suncor<\/a> fell 2.73% and Crescent Point<\/a> by 6.52%, driven down by the price of WCS tanking over 3% and WCS by more than 4%.<\/p>\n 🏛 JP Morgan Chase & Co<\/a> +2.57% Stocks, led by tech, bounced back Thursday after three days of sharp selling which was triggered by surprisingly strong inflation data. Optimism came from a new pandemic-era low in U.S. jobless claims of 473,000, which was lower than expected. Except […]<\/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-226402","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\/226402","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=226402"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/226402\/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=226402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=226402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=226402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛠 Home Depot<\/a> 2.66%
\n💾 3M Co.<\/a> +2.28%
\n🍎 Apple<\/a> +1.79%
\n🏡 Airbnb<\/a> -3.21%
\n👸 Walt Disney<\/a> -4%
\n🅱 The Bitcoin Fund<\/a> -10%
\n🛒 Canadian Tire Corporation Ltd<\/a> +10.6%
\n🏛 WSP Global Inc<\/a>. +9.22%
\n🧣 Canada Goose<\/a> -9%
\n🛢 Suncor Energy Inc<\/a> -2.73%
\n🛢 Crescent Point Energy Corp<\/a> -6.52%<\/p>\n","protected":false},"excerpt":{"rendered":"