{"id":275680,"date":"2022-04-28T18:15:12","date_gmt":"2022-04-28T22:15:12","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=275680"},"modified":"2022-04-28T18:15:12","modified_gmt":"2022-04-28T22:15:12","slug":"meta-triggers-market-surge","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/meta-triggers-market-surge\/","title":{"rendered":"Meta triggers market surge"},"content":{"rendered":"

Megatech earnings continued to fuel the American markets\u00a0 as Meta\/Facebook’s strong quarterly beat sparked a rally on Thursday. Meta<\/a> soared 17.59% to return it above $200 after sliding in recent weeks. Its momentum helped lift the S&P 2.48%, the Nasdaq 3.06% and the Dow 1.85%, even as the U.S. 10-year yield inched up to 2.84%. There was green across the screen and all sectors, led by tech. Major movers were Amazon<\/a>, up 4.37% ahead of its report late Thursday, Alphabet(C)<\/a> at 3.81% which reported a more mixed quarter than Meta, Thermo Fisher<\/a> jumping 7.64%, ServiceNow<\/a> up 7.91% and Lam Research<\/a> adding 6.01%.<\/p>\n

Major laggards included Stanley Black & Decker<\/a> at -8.61%, Comcast<\/a> at -6.29% and Teledoc<\/a> -40.15% after a rough quarter and forecast. Bitcoin<\/a> added 3% to almost touch $40,000. The rally nearly overshadowed news that U.S. GDP surprisingly contracted in Q1.<\/p>\n

The TSX also rallied, up 1.82%, partially driven by a bounce well over 3% in crude oil prices to $105.50 for WTI and $92.25 for WCS. All the Toronto sectors rose, except for a modest decline in telcos. Tech alone jumped 5%. An activist investor descended on Suncor<\/a> which pushed shares up 12%. Fire & Flower<\/a> was another big gainer, up 10.22%, while Lightspeed<\/a> advanced 8.72% and Shopify<\/a> rose 6.47%.<\/p>\n

🕵️‍♂️ Meta Platforms Inc \/ Facebook (FB-Q)<\/a> +17.59%
\n📦 Amazon.com (AMZN-Q)<\/a> +4.37%
\n🧮 Alphabet Inc. \/ Google (GOOG-Q)<\/a> +3.81%
\n🩺 Thermo Fisher Scientific (TMO-N)<\/a> +7.64%
\n🖨 Servicenow (NOW-N)<\/a> +7.91%
\n🧬 Lam Research Corp (LRCX-Q)<\/a> +6.01%
\n🔌 Stanley Works, The (SWK-N)<\/a> -8.61%
\n📡 Comcast Corp (CMCSA-Q)<\/a> -6.29%
\n👩‍⚕️ Teladoc Inc (TDOC-N)<\/a> -40.15%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +3%
\n🛢 Suncor Energy Inc (SU-T)<\/a> +12%
\n🌿 Fire & Flower Holdings (FAF-T)<\/a> +10.22%
\n💾 Lightspeed Commerce Inc (LSPD-T)<\/a> +8.72%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +6.47%<\/p>\n","protected":false},"excerpt":{"rendered":"

Megatech earnings continued to fuel the American markets\u00a0 as Meta\/Facebook’s strong quarterly beat sparked a rally on Thursday. Meta soared 17.59% to return it above $200 after sliding in recent weeks. Its momentum helped lift the S&P 2.48%, the Nasdaq […]<\/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-275680","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\/275680","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=275680"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/275680\/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=275680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=275680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=275680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}