{"id":240007,"date":"2021-08-16T18:10:49","date_gmt":"2021-08-16T22:10:49","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=240007"},"modified":"2021-08-16T18:10:49","modified_gmt":"2021-08-16T22:10:49","slug":"u-s-stocks-hit-new-highs-despite-chinese-economic-data","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-stocks-hit-new-highs-despite-chinese-economic-data\/","title":{"rendered":"U.S. stocks hit new highs despite Chinese economic data"},"content":{"rendered":"<p>The major indices on Monday began weakly but closed at session highs. The Dow finished 0.31% higher at 35,625 to make a new record high. Consumer and healthcare fueled the rally.<\/p>\n<p>Notable movers were <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> up 1.35%, <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth<\/a> up 1.84% and <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> down 2.3%. Similarly, the S&amp;P climbed 0.26% to 4,479 or double the March 2020 bottom to make its own record close. <a href=\"https:\/\/stockchase.com\/company\/view\/729\/LLY-N\">Eli Lilly<\/a> rose 2.17% and <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> advanced 1.62%, though <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> slipped 2.78% and <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> fell 4.32%. Tech as a whole gave back a bit of its recent gains as the Nasdaq finished -0.2%.<\/p>\n<p>It was a similar story in Canada as the TSX closed -0.17% after making an intraday high on Friday. Energy and materials weighed on the Toronto index as <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> declined 1.1% and 1.25% respectively. <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">Organigram<\/a> took a nosedive of 13.85% and most oil stock endured 3-4% losses. Faring better were <a href=\"https:\/\/stockchase.com\/company\/view\/5997\/VFF-T\">Village Farms International<\/a> which rallied 5.73%, <a href=\"https:\/\/stockchase.com\/company\/view\/1763\/CF-T\">Canaccord Genuity<\/a> up 4.56% and <a href=\"https:\/\/stockchase.com\/company\/view\/5158\/TOY-T\">SpinMaster<\/a> which climbed 2.49%. The price of WTI crude sank 1.43% to below $68 per barrel while WCS declined by 1%. Gold added $11 per ounce.\u00a0 Bitcoin fell to just over $46,000. The markets digested disappointing economic data from China that showed its factory output and retail sales growth slowing and disappointing North American investors.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +1.35%<br \/>\n&#x1fa7a; <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth Group Inc<\/a> +1.84%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> -2.3%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/company\/view\/729\/LLY-N\">Eli Lilly &amp; Co.<\/a> +2.17%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> +1.62%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices<\/a> -2.78%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> -4.32%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife Financial<\/a> -1.1%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc<\/a> -1.25%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">OrganiGram Holdings Inc.<\/a> -13.85%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5997\/VFF-T\">Village Farms International, Inc.<\/a> +5.73%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1763\/CF-T\">Canaccord Financial Inc<\/a> +4.56%<br \/>\n&#x1f9f8; <a href=\"https:\/\/stockchase.com\/company\/view\/5158\/TOY-T\">Spin Master Corp<\/a> +2.49%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The major indices on Monday began weakly but closed at session highs. The Dow finished 0.31% higher at 35,625 to make a new record high. Consumer and healthcare fueled the rally. Notable movers were Apple up 1.35%, UnitedHealth up 1.84% [&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-240007","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\/240007","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=240007"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/240007\/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=240007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=240007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=240007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}