{"id":264456,"date":"2022-02-09T17:21:53","date_gmt":"2022-02-09T22:21:53","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=264456"},"modified":"2022-02-09T17:21:53","modified_gmt":"2022-02-09T22:21:53","slug":"tech-weed-and-earnings-lift-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-weed-and-earnings-lift-markets\/","title":{"rendered":"Tech, weed and earnings lift markets"},"content":{"rendered":"

Stocks extended gains Wednesday as the markets enjoyed a sustained rally, ending the session on strength. The TSX rose over 1% on the momentum of weed stocks such as Canopy<\/a>, popping 14.87% after reporting a better-than-expected quarter, Tilray<\/a> 10.21% and Aurora<\/a> up 11.09% as all sectors were in the green so to speak. Bombardier<\/a> climbed 6.51%, Cenovus<\/a> 4.32% and Hudbay Minerals<\/a> 7.06%. Easing political tensions in Russia helped fuel optimism, and crude oil modestly rebounded from the previous day’s losses with WTI returning to $90 a barrel and WCS trading around $76.50.<\/p>\n

On Wall Street, the U.S. 10-year yield held at 1.95%, but tech stocks continued to rebound. Microsoft<\/a> added 2.18%, Nvadia<\/a> 6.36% and Facebook<\/a> surged 5.37% after enduring a record-breaking slide in recent sessions. The Nasdaq advanced 2.08%, the S&P 1.45% and the Dow 0.86%. All sectors were up. Other gainers included Moderna<\/a> jumping nearly 7%, Chipotle<\/a> up 10.16% and Freeport-McMoran<\/a> at 7.21%. Meanwhile, Bitcoin<\/a> rose 1.6% to trade under $45,000. After hours, several big stocks reported beats and surged, including Disney, Uber, Twilio, MGM and Mattel, which could pave the way for more gains on Thursday.<\/p>\n

🌿 Canopy Growth Corp. (WEED-T)<\/a> +14.87%
\n🌿 Tilray Inc. (TLRY-Q)<\/a> +10.21%
\n🌿 Aurora Cannabis (ACB-T)<\/a> +11.09%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> +6.51%
\n🛢 Cenovus Energy (CVE-T)<\/a> +4.32%
\n⛏ Hudbay Minerals Inc. (HBM-T)<\/a> +7.06%
\nⓂ Microsoft (MSFT-Q)<\/a> +2.18%
\n💾 Nvidia Corp (NVDA-Q)<\/a> +6.36%
\n🕵️‍♂️ Meta Platforms Inc \/ Facebook (FB-Q)<\/a> +5.37%
\n💉 Moderna (MRNA-Q)<\/a> +7%
\n🌶 Chipotle Mexican Grill (CMG-N)<\/a> +10.16%
\n⛏ Freeport McMoran Copper & Gold (FCX-N)<\/a> +7.21%
\n🅱 Bitcoin Cash (CRYPTO:BCH)<\/a> +1.6%<\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks extended gains Wednesday as the markets enjoyed a sustained rally, ending the session on strength. The TSX rose over 1% on the momentum of weed stocks such as Canopy, popping 14.87% after reporting a better-than-expected quarter, Tilray 10.21% and […]<\/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-264456","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\/264456","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=264456"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/264456\/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=264456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=264456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=264456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}