{"id":236215,"date":"2021-07-21T17:48:49","date_gmt":"2021-07-21T21:48:49","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=236215"},"modified":"2021-07-21T17:48:49","modified_gmt":"2021-07-21T21:48:49","slug":"the-rebound-continues","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/the-rebound-continues\/","title":{"rendered":"The rebound continues"},"content":{"rendered":"

Markets extended Tuesday’s rebound with no obvious catalyst except sheer momentum. The major American indices all climbed nearly 1% to restore Monday’s losses and then some. Travel names enjoyed strong gains, including cruise liners Carnival<\/a>, jumping 9.44%, and Norwegian<\/a>, leaping 10.14%. Energy surged as a barrel of WTI returned to $70 after rising 4.5%.\u00a0Occidental<\/a> soared 7.13%, and all the Dow components rallied.<\/p>\n

JPMorgan<\/a> and American Express<\/a> both added more than 2%. Though tech as a whole advanced, the chipmakers enjoyed the strongest gains: Nvidia<\/a> was up 4.29% and AMD<\/a> 2.64%. Rare underperformers included Netflix<\/a> which slid 3.28% after reporting a mixed quarter. Gold remained flat, but Bitcoin<\/a> returned to the $31,000 level by jumping 6%. The U.S. 10-year stood at 1.292%.<\/p>\n

The TSX rose 0.84% which was in-line with Wall Street’s performance. Only telcos and staples lagged among the major Toronto sectors while energy soared. WCS leapt over 5% to nearly hit $57 per barrel. Tamarack Valley<\/a> rose 8.64% and Vermilion Energy<\/a> added 6.37%. Other big movers included Manulife<\/a>, popping 2.32% in heavy volumes, and Air Canada<\/a> flying high by 3.13%. In contrast, Rogers<\/a> reported a mix quarter and tumbled 3.78% in heavy trading. Meanwhile, the Canadian dollar rose to nearly return to 80 cents against the American greenback.<\/p>\n

🚢 Carnival Corp.<\/a> +9.44%
\n🚢 Norwegian Cruise Line Holdings<\/a> +10.14%
\n🛢 Occidental Petroleum Corp<\/a> +7.13%
\n🏛 JP Morgan Chase & Co<\/a> +2%
\n🏛 American Express<\/a> +2%
\n💾 Nvidia Corp<\/a> +4.29%
\n💾 Advanced Micro Devices<\/a> +2.64%
\n📺 Netflix Inc.<\/a> -3.28%
\n🅱 The Bitcoin Fund<\/a> +6%
\n🛢 Tamarack Valley Energy<\/a> +8.64%
\n🛢 Vermilion Energy Inc<\/a> +6.37%
\n🏛 Manulife Financial<\/a> +2.32%
\n🛫 Air Canada<\/a> +3.13%
\n📱 Rogers Communications (B)<\/a> -3.78%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets extended Tuesday’s rebound with no obvious catalyst except sheer momentum. The major American indices all climbed nearly 1% to restore Monday’s losses and then some. Travel names enjoyed strong gains, including cruise liners Carnival, jumping 9.44%, and Norwegian, leaping […]<\/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-236215","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\/236215","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=236215"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/236215\/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=236215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=236215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=236215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}