On Thursday, the U.S. released higher-than-expected inflation numbers which the markets surprisingly embraced. Apparently, bond and equity traders interpreted inflation is a transitory phased, based on CPI numbers that were the highest since 2008. The Dow barely budged, but the S&P rallied 0.47% to strike a new high of 4,239, while the Nasdaq jumped 0.78% to top 14,000. Tech and healthcare led the charge.<\/p>\n
Eli Lilly<\/a> leapt 3.34%, Adobe<\/a> by 4%, Amazon<\/a> 2% and Biogen<\/a> 2.19%. Reddit faves were out of favour as AMC<\/a> closed -4.5% and Bed Bath & Beyond<\/a> -7.84%. On the Dow, financials and industrials showed weakness as Goldman Sach<\/a> finished -2.58% and Caterpillar<\/a> -3.68%. Gold inched above $1,900 per ounce while Bitcoin<\/a> edged up 1.5%. Most notably, the U.S. 10-year yield slid 3.39% to 1.442%.<\/p>\n Materials and healthcare gained and helped lift the TSX by 0.26%. Notably gainers included Barrick Gold<\/a> up 2.8%, Dollarama<\/a> by 1.93%, Kinaxis<\/a> 5.27% and Birchcliff Energy<\/a> which popped 8.87%. Cannabis saw some weakness as Tilray<\/a> plunged 6.81%. The Reddit trade extended to Blackberry<\/a> again as shares tumbled 8.14%. The prices of WTI and WCS crude advanced by around a third of a percent. The TSX closed right below its historic high.<\/p>\n 💊 Eli Lilly & Co.<\/a> +3.34% On Thursday, the U.S. released higher-than-expected inflation numbers which the markets surprisingly embraced. Apparently, bond and equity traders interpreted inflation is a transitory phased, based on CPI numbers that were the highest since 2008. The Dow barely budged, but the […]<\/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-230633","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\/230633","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=230633"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/230633\/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=230633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=230633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=230633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Adobe Systems<\/a> +4%
\n📦 Amazon.com<\/a> +2%
\n🧫 Biogen IDEC Inc.<\/a> +2.19%
\n🎞 AMC Entertainment Holdings Inc.<\/a> -4.5%
\n🛏 Bed Bath & Beyond<\/a> -7.84%
\n🏛 Goldman Sachs<\/a> -2.58%
\n🏗 Caterpillar<\/a> -3.68%
\n🅱 The Bitcoin Fund<\/a> +1.5%
\n🥇 Barrick Gold<\/a> +2.8%
\n🛍 Dollarama Inc.<\/a> +1.93%
\n💿 Kinaxis Inc<\/a> +5.27%
\n🛢 Birchcliff Energy Ltd.<\/a> +8.87%
\n🌿 Tilray Inc.<\/a> -6.81%
\n📱 BlackBerry<\/a> -8.14%<\/p>\n","protected":false},"excerpt":{"rendered":"