{"id":241122,"date":"2021-08-24T17:50:26","date_gmt":"2021-08-24T21:50:26","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=241122"},"modified":"2021-08-25T07:32:27","modified_gmt":"2021-08-25T11:32:27","slug":"tech-and-oil-extend-rally-to-new-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-and-oil-extend-rally-to-new-highs\/","title":{"rendered":"Tech and oil extend rally to new 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\/11\/David-Driscoll\">David Driscoll<\/a>, including <a href=\"https:\/\/stockchase.com\/company\/view\/5422\/CB-N\">Chubb Limited<\/a> <span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Aug 02\/19, Down 16%<\/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>Markets on Tuesday continued to grind higher, led by tech and oil again. The TSX climbed 0.34% to a new high of 20,547 while S&amp;P added six points to 4,486, but that was enough to qualify as a new record high. Meanwhile, the Dow inched up 30 points while the Nasdaq rose 0.52% which also recorded a new high of 15,019. Smallcaps and cyclicals also did some heavy lifting as positive sentiment continued to glow from the FDA&#8217;s full approval of the Pfizer-BioNTech Covid vaccine on Monday.<\/p>\n<p>In Toronto, energy and tech rallied while staples lagged. Notable movers included <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">Blackberry<\/a>, jumping nearly 9%, several mining names including <a href=\"https:\/\/stockchase.com\/company\/view\/4475\/KEL-T\">Kelt Exploration<\/a> up 6.84%, and energy stocks such as <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a>, jumping 4%. Travel stocks like <a href=\"https:\/\/stockchase.com\/company\/view\/2802\/AC-T\">Air Canada<\/a> also rode the Pfizer wave by climbing 1.54%.<\/p>\n<p>In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/690\/KL-T\">Kirkland Lake Gold<\/a> slipped 1.64% and <a href=\"https:\/\/stockchase.com\/company\/view\/949\/PEY-T\">Peyto Exploration<\/a> fell 1.78%. The price of WTI crude jumped 3% over $67 per barrel, and WCS 4% to nearly $55. On Wall Street, travel stocks ruled as <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> jumped 10%, <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines<\/a> soared 3.77% and <a href=\"https:\/\/stockchase.com\/company\/view\/940\/BKNG-Q\">Booking Holdings<\/a> rallied 4.48%. On the downside were <a href=\"https:\/\/stockchase.com\/company\/view\/677\/JNJ-N\">Johnson &amp; Johnson<\/a> which closed -1.25% and <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer<\/a> at -3.1% as healthcare lagged. Gold held at $1,800 an ounce while <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> retreated 2.3%.<\/p>\n<p>&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> +9%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4475\/KEL-T\">Kelt Exploration<\/a> +6.84%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy<\/a> +4%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/2802\/AC-T\">Air Canada<\/a> +1.54%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/690\/KL-T\">Kirkland Lake Gold<\/a> -1.64%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/949\/PEY-T\">Peyto Exploration &amp; Develop.<\/a> -1.78%<br \/>\n&#x1f3e0; <a href=\"https:\/\/stockchase.com\/company\/view\/6060\/ABNB-Q\">Airbnb<\/a> +10%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines Group<\/a> +3.77%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/940\/BKNG-Q\">Booking Holdings Inc.<\/a> +4.48%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/company\/view\/677\/JNJ-N\">Johnson &amp; Johnson<\/a> -1.25%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer Inc<\/a> -3.1%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -2.3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by David Driscoll, including Chubb Limited (A Top Pick Aug 02\/19, Down 16%) Get Premium to receive all past top picks opinions a few hours before market open. Markets on Tuesday continued [&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-241122","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\/241122","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=241122"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/241122\/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=241122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=241122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=241122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}