{"id":241966,"date":"2021-08-30T19:56:26","date_gmt":"2021-08-30T23:56:26","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=241966"},"modified":"2021-08-30T19:56:26","modified_gmt":"2021-08-30T23:56:26","slug":"dovish-fed-lifts-wall-st-to-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/dovish-fed-lifts-wall-st-to-highs\/","title":{"rendered":"Dovish Fed lifts Wall St. to highs"},"content":{"rendered":"<p>Yet again, the S&amp;P and Nasdaq made record closes. On Monday, the S&amp;P climbed 0.43% to 4,528 while big tech propelled the Nasdaq 0.9% to 15,265.<\/p>\n<p>In heavy trading, <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> jumped 3% to an all-time high on a report that the iPhone 13 may offer satellite service. <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon<\/a> climbed 2.15%, <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> 2.67% and <a href=\"https:\/\/stockchase.com\/META-Q\">Facebook<\/a> 2.16% as mega-cap tech continued to rise as the fear of a rate hike fade after dovish comments made by the U.S. Fed last Friday. Speaking of tech, <a href=\"https:\/\/stockchase.com\/AFRM-Q\">Affirm Holdings<\/a> soared nearly 47% after a partnership with Apple. In contrast, the airlines dove, including <a href=\"https:\/\/stockchase.com\/AAL-Q\">American<\/a> which finished -3.51% as did cruise liner <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival<\/a> at -2.96% and the banks, such as <a href=\"https:\/\/stockchase.com\/WFC-N\">Wells Fargo<\/a> at -2.81%. Meanwhile, the Dow slipped 0.16%.<\/p>\n<p>Crude oil prices slipped early in the session and dragged down the TSX. Both rose by the closing bell, but the TSX still finished under water down nearly 50 points or 0.24%. Financials and materials also pressured the Toronto index. Big gainers included <a href=\"https:\/\/stockchase.com\/ZZZ-T\">Sleep Country Canada<\/a>, jumping 4.77%, <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> at 4.23% and <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> which advanced 3.25%. In heavy trading, <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> closed -1.24% while <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife<\/a> finished -1.87%. WTI itself topped $69 per barrel while WCS climbed above $56. The Canadian dollar held steady at $0.79.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> +3%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon.com<\/a> +2.15%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc<\/a> +2.67%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/META-Q\">Facebook<\/a> +2.16%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/AFRM-Q\">Affirm Holdings<\/a> +47%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group<\/a> -3.51%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/CCL-N\">Carnival Corp.<\/a> -2.96%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/WFC-N\">Wells Fargo<\/a> -2.81%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/ZZZ-T\">Sleep Country Canada Holdings<\/a> +4.77%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp<\/a> +4.23%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed Commerce Inc<\/a> +3.25%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc<\/a> -1.24%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife Financial<\/a> -1.87%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yet again, the S&amp;P and Nasdaq made record closes. On Monday, the S&amp;P climbed 0.43% to 4,528 while big tech propelled the Nasdaq 0.9% to 15,265. In heavy trading, Apple jumped 3% to an all-time high on a report that [&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-241966","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\/241966","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=241966"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/241966\/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=241966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=241966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=241966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}