A marginal improvement in U.S. inflation data inspired a strong market rally in New York as well as Toronto which pushed the indices into the green for the week. The S&P closed 3.06% on Friday and 6.5% for the week, the Nasdaq 3.34% and 7%, and the Dow 2.69% and 5%. All 11 sectors of the S&P were in the green, particularly technology, communications, materials and financials as U.S. banks passed the stress test.<\/p>\n
Big gainers were FedEx<\/a>, up 6.62% gain after delivering a positive quarterly report and full-year forecast. Apple<\/a> rallied 2.45%, Amazon<\/a> 3.58%, Meta\/Facebook<\/a> 7.19%, Royal Caribbean<\/a> 15.77% and fellow cruise line Norwegian<\/a> up 15.36%. The U.S. 10-year yield hovered around 3.136% while Bitcoin<\/a> rose 2.5% to below $21,300.<\/p>\n Both WTI and WCS climbed over $3 a barrel to $107 and $89 respectively. Energy, materials, consumer staples and industrials led, though all sectors rallied on the TSX. The Toronto index rose 1.85% and returned above 19,000, though gained only 132 points for the week. Major movers were BlackBerry<\/a> up 5.87% after their latest quarter surprised, Bausch Health<\/a> which soared 19.37% after a board shake-up, Baytex<\/a> adding 9.55%, Suncor<\/a> by 4.26%, and Athabasca Oil<\/a> up 8.48%.<\/p>\n 📦 FedEx (FDX-N)<\/a> +6.62% A marginal improvement in U.S. inflation data inspired a strong market rally in New York as well as Toronto which pushed the indices into the green for the week. The S&P closed 3.06% on Friday and 6.5% for the week, […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"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-283374","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\/283374","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=283374"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/283374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=283374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=283374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=283374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🍎 Apple (AAPL-Q)<\/a> +2.45%
\n📦 Amazon.com (AMZN-Q)<\/a> +3.58%
\n🕵️♂️ Meta Platforms Inc \/ Facebook (FB-Q)<\/a> +7.19%
\n🚢 Royal Caribbean Cruises (RCL-N)<\/a> +15.77%
\n🚢 Norwegian Cruise Line Holdings (NCLH-N)<\/a> +15.36%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +2.5%
\n📱 BlackBerry (BB-T)<\/a> +5.87%
\n👨⚕️ Bausch Health Companies Inc. (BHC-T)<\/a> +19.37%
\n🛢 Baytex Energy Corp (BTE-T)<\/a> +9.55%
\n🛢 Suncor Energy Inc (SU-T)<\/a> +4.26%
\n🛢 Athabasca Oil Sands Corp (ATH-T)<\/a> +8.48%<\/p>\n","protected":false},"excerpt":{"rendered":"