{"id":241660,"date":"2021-08-27T18:50:56","date_gmt":"2021-08-27T22:50:56","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=241660"},"modified":"2021-08-28T08:35:05","modified_gmt":"2021-08-28T12:35:05","slug":"oil-and-dovish-fed-drive-markets-to-new-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-and-dovish-fed-drive-markets-to-new-highs\/","title":{"rendered":"Oil and dovish Fed drive markets 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\/117\/Bill-Harris-CFA\">Bill Harris<\/a>, including <a href=\"https:\/\/stockchase.com\/company\/view\/687\/KEY-T\">Keyera Corp<\/a> <span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Jun 14\/19, Down 17%<\/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 closed the week and made more highs after a strong week. The Fed&#8217;s Jay Powell made dovish comments Thursday that resonated Friday. The S&amp;P rose 0.88% to a new high of 4,509 while the Nasdaq surged 1.23% to 15,129 another new high. Not to be outdone the Dow rallied 0.69%.<\/p>\n<p>Big gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/1464\/FCX-N\">Freeport-McMoran<\/a> leapt 5.65%, <a href=\"https:\/\/stockchase.com\/company\/view\/4856\/FANG-Q\">Diamondback<\/a> jumped 4.93% while semis rallied inckuding <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> by 3.54% and <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvdia<\/a> by 2.56%. On the downside werr <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> at -4.58%.<\/p>\n<p>Oil helped lift the TSX by 0.69% to a record high of 20,644. Tech, materials and real estate rallied while staples lagged. Big gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/3134\/FVI-T\">Fortuna Mines<\/a> up 5.54% and Montreal tech names <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> by 5.22%, and <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei<\/a> at 5.05%. Losing ground were <a href=\"https:\/\/stockchase.com\/company\/view\/5158\/TOY-T\">Spin Master<\/a> at -3.61% and <a href=\"https:\/\/stockchase.com\/company\/view\/5152\/ZZZ-T\">Sleep Country<\/a> -2.19%.<\/p>\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/1464\/FCX-N\">Freeport McMoran Copper &amp; Gold<\/a> +5.65%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/4856\/FANG-Q\">Diamondback Energy<\/a> +4.93%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices<\/a> +3.54%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia Corp<\/a> +2.56%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> -4.58%<br \/>\n&#x1f948; <a href=\"https:\/\/stockchase.com\/company\/view\/3134\/FVI-T\">Fortuna Silver Mines<\/a> +5.54%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed Commerce Inc<\/a> +5.22%<br \/>\n&#x1f4b3; <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei Corp<\/a> +5.05%<br \/>\n&#x1f9f8; <a href=\"https:\/\/stockchase.com\/company\/view\/5158\/TOY-T\">Spin Master Corp<\/a> -3.61%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/company\/view\/5152\/ZZZ-T\">Sleep Country Canada Holdings<\/a> -2.19%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Bill Harris, including Keyera Corp (A Top Pick Jun 14\/19, Down 17%) Get Premium to receive all past top picks opinions a few hours before market open. Markets closed the week [&hellip;]<\/p>\n","protected":false},"author":9,"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-241660","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\/241660","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=241660"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/241660\/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=241660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=241660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=241660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}