{"id":238621,"date":"2021-08-06T18:13:09","date_gmt":"2021-08-06T22:13:09","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=238621"},"modified":"2021-08-07T08:00:10","modified_gmt":"2021-08-07T12:00:10","slug":"jobs-data-lifts-markets-to-record-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/jobs-data-lifts-markets-to-record-highs\/","title":{"rendered":"Jobs data lifts markets to record highs"},"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 href=\"https:\/\/stockchase.com\/expert\/view\/1438\/Shane-Obata\">Shane Obata<\/a>, including <a href=\"https:\/\/stockchase.com\/GOOG-Q\">Alphabet Inc. \/ Google.<\/a><span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Mar 20\/20, Up 41%<\/strong><\/span><span style=\"font-family: inherit; font-size: inherit;\">) <\/span><strong style=\"font-family: inherit; font-size: inherit;\"><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.<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><\/strong><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Jobs data on both sides of the border raised the major indices to record closes Friday. Non-farm payrolls noted that more jobs than expected were added to the American economy in July. This boosted the Dow and S&amp;P by 0.33% and 0.16% to new highs of 35,180 and 4,436 respectively. Canadian unemployment numbers actually just fell short of predictions, but the TSX rallied 0.46% to a record 20,475. Needless to say, all the major indices moved up this week. On the Dow, financials and industrials rallied while consumer staples and healthcare betrayed weakness.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> jumped 3.53% while <a href=\"https:\/\/stockchase.com\/AMGN-Q\">Amgen<\/a> slid 1.62%. <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> was the most-traded stock, closing -2.11%, followed by <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> which gained 3%. <a href=\"https:\/\/stockchase.com\/EXPE-Q\">Expedia<\/a> slid nearly 8% on a disappointing quarter. The strong jobs number raised the U.S. 10-year yield, which has been lying low in recent weeks, to 1.3%.<\/p>\n<p>Gold slid 2.64% to $1,760 per ounce, WTI crude tumbled 1.38% and WCS lost around 1.8%. Naturally, materials showed weakness on the TSX, but energy stocks were still up along with financials and real estate. The day&#8217;s biggest Canadian gainer was <a href=\"https:\/\/stockchase.com\/WPRT-T\">Westport Fuel Systems<\/a> which soared nearly 28% after reporting a profit instead of an expected loss. <a href=\"https:\/\/stockchase.com\/WEF-T\">Western Forest Products<\/a> rallied 4.76%, <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife<\/a> popped another 2.57% following earnings, while <a href=\"https:\/\/stockchase.com\/GIL-T\">Gildan Activewear<\/a> rose 3.78%. Losing ground were <a href=\"https:\/\/stockchase.com\/K-T\">Kinross Gold<\/a>, closing at -2.14% and Barrick at -1.54%.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> +3.53%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/AMGN-Q\">Amgen Inc.<\/a> -1.62%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices<\/a> -2.11%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> +3%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/EXPE-Q\">Expedia<\/a> -8%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/WPRT-T\">Westport Fuel Systems Inc<\/a> +28%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/WEF-T\">Western Forest Products Inc.<\/a> +4.76%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife Financial<\/a> +2.57%<br \/>\n&#x1f455; <a href=\"https:\/\/stockchase.com\/GIL-T\">Gildan Activewear Inc.<\/a> +3.78%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/K-T\">Kinross Gold<\/a> -2.14%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/ABX-T\">Barrick Gold<\/a> -1.54%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Shane Obata, including Alphabet Inc. \/ Google. (A Top Pick Mar 20\/20, Up 41%) Get Premium to receive all past top picks opinions a few hours before market open. Jobs data [&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-238621","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\/238621","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=238621"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/238621\/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=238621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=238621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=238621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}