{"id":248381,"date":"2021-10-13T17:27:31","date_gmt":"2021-10-13T21:27:31","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=248381"},"modified":"2021-10-13T17:27:31","modified_gmt":"2021-10-13T21:27:31","slug":"inflation-data-lifts-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/inflation-data-lifts-markets\/","title":{"rendered":"Inflation data lifts markets"},"content":{"rendered":"<p>Lower-than-expected CPI data in the U.S. on Wednesday encouraged buying in New York and Toronto. While the Dow closed flat, the S&amp;P added 0.3%, the Nasdaq 0.73% and the TSX even more at 0.89%. Moreover, the U.S. 10-year yield shed nearly 2% to 1.549%. On Wall Street, tech and healthcare climbed while financials sank.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/CRM-N\">Salesforce<\/a> and <a href=\"https:\/\/stockchase.com\/NKE-N\">Nike<\/a> advanced nearly 2%, <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> jumped 3.92% while <a href=\"https:\/\/stockchase.com\/BNTX-Q\">BioNTech<\/a> rallied 2.31%. Meanwhile, <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> shed 3.54%, <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> dove 3.35% and <a href=\"https:\/\/stockchase.com\/JPM-N\">JPMorgan<\/a> fell 2.64%.<\/p>\n<p>In Toronto, tech, materials, industrials and real estate all rallied as energy showed mild weakness. Gold sparkled by nearly 2% and flirted with $1,800 an ounce. Unsurprisingly, <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines<\/a> popped nearly 4%, <a href=\"https:\/\/stockchase.com\/YRI-T\">Yamana Gold<\/a> even more at 4.44%, <a href=\"https:\/\/stockchase.com\/BB-T\">Blackberry<\/a> jumped 4.72% and <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco<\/a> advanced 4.59%. In contrast, <a href=\"https:\/\/stockchase.com\/TVE-T\">Tamarack Valley Energy<\/a> fell almost 4%, <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex<\/a> slid 2.66% and <a href=\"https:\/\/stockchase.com\/VET-T\">Vermilion Energy<\/a> slipped 2.29%. The price of WTI crude was actually flat, though WCS shed about 1% to dip below $66 per barrel. Finally, <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">Bitcoin<\/a> resumed its climb as it rose 3% past $57,000.<\/p>\n<p>&#x1f4a8; <a href=\"https:\/\/stockchase.com\/CRM-N\">SalesForce.com Inc.<\/a> +2%<br \/>\n&#x1f45f; <a href=\"https:\/\/stockchase.com\/NKE-N\">Nike Inc<\/a> +2%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices<\/a> +3.92%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/BNTX-Q\">BioNTech<\/a> +2.31%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> -3.54%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group<\/a> -3.35%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan Chase &amp; Co<\/a> -2.64%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/DML-T\">Denison Mines Corp<\/a> +4%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/YRI-T\">Yamana Gold Inc.<\/a> +4.44%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> +4.72%<br \/>\n&#x1f9f1; <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco Corporation<\/a> +4.59%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/TVE-T\">Tamarack Valley Energy<\/a> -4%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex Energy Corp<\/a> -2.66%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/VET-T\">Vermilion Energy Inc<\/a> -2.29%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">The Bitcoin Fund<\/a> +3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lower-than-expected CPI data in the U.S. on Wednesday encouraged buying in New York and Toronto. While the Dow closed flat, the S&amp;P added 0.3%, the Nasdaq 0.73% and the TSX even more at 0.89%. Moreover, the U.S. 10-year yield shed [&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-248381","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\/248381","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=248381"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/248381\/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=248381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=248381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=248381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}