{"id":247590,"date":"2021-10-07T20:07:03","date_gmt":"2021-10-08T00:07:03","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=247590"},"modified":"2021-10-07T20:07:03","modified_gmt":"2021-10-08T00:07:03","slug":"markets-rally-as-washington-addresses-debt-ceiling","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-as-washington-addresses-debt-ceiling\/","title":{"rendered":"Markets rally as Washington addresses debt ceiling"},"content":{"rendered":"<p>Washington will vote Thursday evening to extend the U.S. debt ceiling or borrowing limit to early December. Though President Biden said that the deal isn&#8217;t done, Wall Street was confident enough for the vote to pass to lift markets by nearly 1% with the Nasdaq closing up 1.05%. All the major Dow components rose.<\/p>\n<p>Notable movers were Dow up 2.36%, <a href=\"https:\/\/stockchase.com\/company\/view\/567\/HD-N\">Home Depot<\/a> at 2.16%, <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth<\/a> adding 2.6%, <a href=\"https:\/\/stockchase.com\/company\/view\/6786\/BNTX-Q\">BioNTech<\/a> up 4.42% and <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed Bath &amp; Beyond<\/a> surging 7.49%. After Wednesday&#8217;s leap, <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> retreated 1.8%, but stayed above $54,000 by the closing bell. In contrast, crude oil reversed Wednesday&#8217;s skid; WTI advanced 1.85% to nearly $79 per barrel while WCS leapt 3.25% to more than $65.<\/p>\n<p>Oil&#8217;s fortunes helped lift the TSX by 1.11% to 20,416. Besides energy, tech, materials and real estate showed strength though all sectors gained. <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus<\/a> were among the heaviest-traded names and rose 3.24% and 2.85% respectively. Other oil names, Cresent Point and Baytex, closely followed. Among miners, <a href=\"https:\/\/stockchase.com\/company\/view\/2655\/DML-T\">Denison<\/a> climbed 2.35% and <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin<\/a> added 2.63%. Meanwhile, the Canadian dollar flirted with 80 cents against the USD while gold slipped 0.4% to hover over $1,750 an ounce.<\/p>\n<p>&#x1f6e0; <a href=\"https:\/\/stockchase.com\/company\/view\/567\/HD-N\">Home Depot<\/a> +2.16%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/1636\/UNH-N\">UnitedHealth Group Inc<\/a> +2.6%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/company\/view\/6786\/BNTX-Q\">BioNTech<\/a> +4.42%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed Bath &amp; Beyond<\/a> +7.49%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -1.8%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc<\/a> +3.24%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy<\/a> +2.85%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2655\/DML-T\">Denison Mines Corp<\/a> +2.35%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2623\/LUN-T\">Lundin Mining Corp.<\/a> +2.63%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington will vote Thursday evening to extend the U.S. debt ceiling or borrowing limit to early December. Though President Biden said that the deal isn&#8217;t done, Wall Street was confident enough for the vote to pass to lift markets by [&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-247590","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\/247590","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=247590"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/247590\/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=247590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=247590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=247590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}