{"id":248590,"date":"2021-10-14T17:14:05","date_gmt":"2021-10-14T21:14:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=248590"},"modified":"2021-10-14T17:14:05","modified_gmt":"2021-10-14T21:14:05","slug":"markets-rally-on-bank-earnings-positive-data","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-on-bank-earnings-positive-data\/","title":{"rendered":"Markets rally on bank earnings, positive data"},"content":{"rendered":"

There was green everywhere on Thursday as stocks and oil rallied. Catalysts came from the U.S. where Citigroup<\/a> (up 0.77%), Bank of America<\/a> (1.93%) and Morgan Stanley<\/a> (2.48%) topped quarterly earnings estimates. Meanwhile the latest unemployment claims there fell to a 19-month low, and producer prices eased in September. Also, there were glimmers of hope in the world supply shortage as Los Angeles’ port will now operate 24\/7 (though one can ask why it didn’t already), and experts advisers to the FDA unanimously recommended booster shots of Moderna<\/a>‘s Covid drug, which pushed those shares up 3.23%.<\/p>\n

From the opening to closing bells, stocks consistently rallied: the Dow up 1.56%, the S&P 1.71% and the Nasdaq 1.73%. As the U.S. 10-year yield retreated to 1.518%, the mega-tech stocks enjoyed a revival as Microsoft<\/a> rose 2.17% and Apple<\/a> 2.02%.<\/p>\n

The TSX joined Wall Street’s party by climbing 0.98%. Health and energy led the charge as Canopy<\/a> jumped 3.6% after announcing it was buying a weed gummies-maker as Canopy eyes expanding into the U.S. Aritzia<\/a> soared 17% after beating its Q2 and receiving a strong analyst recommendation. Also surging were Kelt Exploration<\/a> by 8.55%, Lighstpeed<\/a> at 5.11% and First Quantum Minerals<\/a> which advanced 2.33%. WTI added 1% to $81.50 per barrel and WCS jumped 2% to $67. Gold climbed 0.2% but remained just under $1,800 an ounce while Bitcoin<\/a> inched 1% to $57,600.<\/p>\n

🏛 Citigroup Inc.<\/a> +0.77%
\n🏛 Bank of America<\/a> +1.93%
\n🏛 Morgan Stanley<\/a> +2.48%
\n💉 Moderna<\/a> +3.23%
\nⓂ Microsoft<\/a> +2.17%
\n🍎 Apple<\/a> +2.02%
\n🌿 Canopy Growth Corp.<\/a> +3.6%
\n👗 Aritzia Inc.<\/a> +17%
\n🛢 Kelt Exploration<\/a> +8.55%
\n💾 Lightspeed Commerce Inc<\/a> +5.11%
\n⛏ First Quantum Minerals<\/a> +2.33%
\n🅱 The Bitcoin Fund<\/a> +1%<\/p>\n","protected":false},"excerpt":{"rendered":"

There was green everywhere on Thursday as stocks and oil rallied. Catalysts came from the U.S. where Citigroup (up 0.77%), Bank of America (1.93%) and Morgan Stanley (2.48%) topped quarterly earnings estimates. Meanwhile the latest unemployment claims there fell to […]<\/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-248590","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\/248590","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=248590"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/248590\/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=248590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=248590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=248590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}