Stocks on Wednesday were in a holding pattern until 2:00 pm EST when the U.S. Fed Jerome Powell announced a 0.50% interest hike, which Wall Street had been expecting. However, markets on both side of the border soared when Powell ruled out a future 75-basis point hike, though he declared that another 50-point move will follow. The S&P rallied 2.99%, the Nasdaq 3.19% and the Dow 2.82%. Every Dow component and stock was up.<\/p>\n
Major movers were AMD<\/a> by 8.9% in heavy trading, Apple<\/a> up 4.02%, Nvidia<\/a> 3.16%, Bank of America<\/a> 4%, Tesla<\/a> 5%, Blackrock<\/a> 5.61% and Intel<\/a> at 3.15%. Unlike recent days, there was little red on the screen. Lyft<\/a> tanked 30% after reporting earnings and its forecast while Uber<\/a> fell 4.58% after its own report. The U.S. 10-year yield slipped to 2.919% while Bitcoin<\/a> jumped 5.5% to nearly $40,000.<\/p>\n The EU is pushing to phase out Russian oil purchases which propelled crude oil prices and helped lift the TSX by 1.35%. Both WTI and WCS surged by $5 to $108 and $94.50 respectively. Big gainers included Canopy<\/a> up 10.15%, Meg Energy<\/a> at 8.57%, Crew Energy<\/a> soaring 13.84%, Cenovus<\/a> at 3.42% and Bombardier<\/a> up 6.45%. Major laggards were IAMGOLD<\/a> sliding 25% after a negative cost report, Home Capital Group<\/a> falling 8.87% and Bausch Health<\/a> down 3.68%.<\/p>\n 💾 Advanced Micro Devices (AMD-Q)<\/a> +8.9% Stocks on Wednesday were in a holding pattern until 2:00 pm EST when the U.S. Fed Jerome Powell announced a 0.50% interest hike, which Wall Street had been expecting. However, markets on both side of the border soared when Powell […]<\/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-276571","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\/276571","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=276571"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/276571\/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=276571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=276571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=276571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🍎 Apple (AAPL-Q)<\/a> +4.02%
\n💾 Nvidia Corp (NVDA-Q)<\/a> +3.16%
\n🏛 Bank of America (BAC-N)<\/a> +4%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> +5%
\n🏛 Blackrock Inc. (BLK-N)<\/a> +5.61%
\n💾 Intel (INTC-Q)<\/a> +3.15%
\n🚕 Lyft (LYFT-Q)<\/a> -30%
\n🚖 Uber (UBER-N)<\/a> -4.58%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +5.5%
\n🌿 Canopy Growth Corp. (WEED-T)<\/a> +10.15%
\n🛢 MEG Energy Corp (MEG-T)<\/a> +8.57%
\n🛢 Crew Energy Inc. (CR-T)<\/a> +13.84%
\n🛢 Cenovus Energy (CVE-T)<\/a> +3.42%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> +6.45%
\n🥇 Iamgold Corp (IMG-T)<\/a> -25%
\n🏛 Home Capital Group (HCG-T)<\/a> -8.87%
\n💊 Bausch Health Companies Inc. (BHC-T)<\/a> -3.68%<\/p>\n","protected":false},"excerpt":{"rendered":"