Markets convincingly rebounded Wednesday, a day after U.S. President Joe Biden announced gas and oil sanctions against Russia for invading Ukraine. The S&P closed up 2.57%, the Nasdaq 3.6% and the Dow 2%. After an incredible surge since Russian aggression began on February 24, oil retreated over 10% back down to $110 a barrel for WTI and $97 for WCS. Except oil, the Dow components were resoundingly green.<\/p>\n
Major Wall Street gainers included travel names like Booking Holdings<\/a> up 7.16%, tech names such as Alphabet<\/a> up by nearly 5%, Tesla<\/a> at 4.19% and Lam Research<\/a> by 5.49%, and Chipotle<\/a> up 8.15%. Wednesday’s laggards were the winners of recent days: Pioneer Natural Resources<\/a> at -2.94%, Exxon<\/a> -5.68% and\u00a0Diamondback Energy<\/a> -3.27%. Not only stocks, but cryptos bounced back as Bitcoin<\/a> jumped 8.5% to $42,700. Meanwhile, the 10-year yield resumed its climb, hovering around 1.946%.<\/p>\n Despite oil’s weakness, the TSX advanced 1.23%. Except for energy and materials, all the major components rallied, though tech soared over 6%. The biggest gainers were Nuvei<\/a> which leapt 13.77%, Shopify<\/a> by 13.59%, Hut 8 Mining<\/a> at 10.53%, Goodfood Market<\/a> up 10.09% and CAE<\/a> by 9.97%. Unsurprisingly, energy bore the brunt of selling as Suncor<\/a> closed -3.4% and Baytex<\/a> -3.94%. Gold fell back below $2,000 by shedding 2,8%. The next sessions will determine whether Wednesday was a relief rally or the start of an upward trend.<\/p>\n 🧳 Booking Holdings Inc. (BKNG-Q)<\/a> +7.16% Markets convincingly rebounded Wednesday, a day after U.S. President Joe Biden announced gas and oil sanctions against Russia for invading Ukraine. The S&P closed up 2.57%, the Nasdaq 3.6% and the Dow 2%. After an incredible surge since Russian aggression […]<\/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-268799","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\/268799","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=268799"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/268799\/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=268799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=268799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=268799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🧮 Alphabet Inc. \/ Google (GOOG-Q)<\/a> +5%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> +4.19%
\n🧬 Lam Research Corp (LRCX-Q)<\/a> +5.49%
\n🌶 Chipotle Mexican Grill (CMG-N)<\/a> +8.15%
\n🛢 Pioneer Natural Resources (PXD-N)<\/a> -2.94%
\n🛢 Exxon Mobil (XOM-N)<\/a> -5.68%
\n💎 Diamondback Energy (FANG-Q)<\/a> -3.27%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +8.5%
\n💳 Nuvei Corp (NVEI-T)<\/a> +13.77%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +13.59%
\n⌨ Hut 8 Mining Corp. (HUT-T)<\/a> +10.53%
\n🛒 Goodfood Market Corp. (FOOD-T)<\/a> +10.09%
\n👨⚕️ CAE Inc (CAE-T)<\/a> +9.97%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -3.4%
\n🛢 Baytex Energy Corp (BTE-T)<\/a> -3.94%<\/p>\n","protected":false},"excerpt":{"rendered":"