For the third straight day, stocks rallied, with the S&P rising 0.62% to make a record close of 4,725. All 11 sectors finished the shortened American trading week in the green. The Dow added 0.55% to approach its own record, while the Nasdaq advanced 0.85%. Consumer discretionary and tech enjoyed the strongest gains amid seasonally mild volumes.<\/p>\n
Moving up were Caterpillar<\/a> by 2%, Avis<\/a> at 3.24%, Applied Materials<\/a> up 2.08% and Bed Bath & Beyond<\/a> at 2.24%. The U.S. approved a second treatment to battle Covid, Merck<\/a>‘s, though the stock slipped 0.56%. Overall, it was a day of mild moves, lacking last week’s drama. Market sentiment was generally confident despite the Omicron variant triggering record number of cases across the globe, including Ontario and Quebec. Fueling that optimism was the Merck pill as well as new data from the U.K. and South Africa stating that the variant may not be as lethal as past variants.<\/p>\n The TSX also enjoyed a positive Thursday as it climbed 0.71%. While energy was weak and telcos flat, the rest of the sectors were in the green. Advancing were Bombardier<\/a> by nearly 3%, Vermilion<\/a> up 2.77% and Canopy Growth<\/a> at 2.74%. On the flipside, Tourmaline<\/a> closed -3.3% and Dye & Durham<\/a> gave back 4.86% after a recent jump. WTI crude actually rose 1.5% to nearly $74 a barrel while WCS move up to $58.50. Meanwhile, Bitcoin<\/a> surged about 4% to nearly $51,000. Though it’s too soon to tell, the markets may be heading to a Santa Claus Rally. Wall Street will be closed on Christmas Eve while the TSX will hold a half session on Friday.<\/p>\n 🏗 Caterpillar (CAT-N)<\/a> +2% For the third straight day, stocks rallied, with the S&P rising 0.62% to make a record close of 4,725. All 11 sectors finished the shortened American trading week in the green. The Dow added 0.55% to approach its own record, […]<\/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-258436","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\/258436","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=258436"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/258436\/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=258436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=258436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=258436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🚗 Avis Budget Group (CAR-Q)<\/a> +3.24%
\n🧱 Applied Materials (AMAT-Q)<\/a> +2.08%
\n🛏 Bed Bath & Beyond (BBBY-Q)<\/a> +2.24%
\n💊 Merck & Company (MRK-N)<\/a> -0.56%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> +3%
\n🛢 Vermilion Energy Inc (VET-T)<\/a> +2.77%
\n🌿 Canopy Growth Corp. (WEED-T)<\/a> +2.74%
\n🛢 Tourmaline Oil Corp (TOU-T)<\/a> -3.3%
\n💾 Dye & Durham (DND-T)<\/a> -4.86%
\n🅱 Bitcoin Cash (CRYPTO:BCH)<\/a> +4%<\/p>\n","protected":false},"excerpt":{"rendered":"