{"id":286055,"date":"2022-07-15T18:15:03","date_gmt":"2022-07-15T22:15:03","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=286055"},"modified":"2022-07-15T18:15:03","modified_gmt":"2022-07-15T22:15:03","slug":"friday-rally-offsets-the-weeks-losses","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/friday-rally-offsets-the-weeks-losses\/","title":{"rendered":"Friday rally offsets the week&#8217;s losses"},"content":{"rendered":"<p>Markets in Toronto and New York rebounded convincingly Friday to lessen the week&#8217;s losses. Led by financials and healthcare, Wall Street saw the S&amp;P close 1.91% (as all 11 sectors rallied), the Nasdaq 1.7% (down 0.63% for the week) and the Dow 2.14%.<\/p>\n<p>Big gainers were <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix<\/a> up 8.2%, <a href=\"https:\/\/stockchase.com\/ILMN-Q\">Illumina<\/a> 6.76%, <a href=\"https:\/\/stockchase.com\/META-Q\">Meta<\/a> 4.11% and the banks which continued to report: <a href=\"https:\/\/stockchase.com\/JPM-N\">JPMorgan<\/a> 4.58%, <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> 6.89% and <a href=\"https:\/\/stockchase.com\/C-N\">Citigroup<\/a> soaring 13.21%. The U.S. 10-year yield hovered around 2.93% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> rose nearly 2% above $21,000. Drivers were good retail numbers and consumer confidence up slightly.<\/p>\n<p>Both WTI and WCS rose 1.7% above $97 and $76. The TSX closed 0.36% higher Friday, but slipped nearly 3% for the week as oil and other commodities slid in price. Industrials, financials and energy led. Major movers were <a href=\"https:\/\/stockchase.com\/HLF-T\">High Liner Foods<\/a> up 6.78%, <a href=\"https:\/\/stockchase.com\/VET-T\">Vermilion Energy<\/a> 5.14%, <a href=\"https:\/\/stockchase.com\/BYD-T\">Boyd Group Services<\/a> 5.17% and <a href=\"https:\/\/stockchase.com\/KEL-T\">Kelt Exploration<\/a> at 5.53%. Losers included cannabis which gave up some of yesterday&#8217;s strong gains: <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray<\/a> -11.57%, <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy<\/a> -9.06%, <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora<\/a> -8.25%. <a href=\"https:\/\/stockchase.com\/NGD-T\">New Gold<\/a> finished -7.14% and <a href=\"https:\/\/stockchase.com\/CCA-T\">Cogeco Communications<\/a> -4.25%.<\/p>\n<p>&#x1f4fa; <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix Inc. (NFLX-Q)<\/a> +8.2%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/ILMN-Q\">Illumina Inc. (ILMN-Q)<\/a> +6.76%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/META-Q\">Meta Platforms Inc \/ Facebook (FB-Q)<\/a> +4.11%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan Chase &amp; Co (JPM-N)<\/a> +4.58%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America (BAC-N)<\/a> +6.89%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/C-N\">Citigroup Inc. (C-N)<\/a> +13.21%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +2%<br \/>\n&#x1f364; <a href=\"https:\/\/stockchase.com\/HLF-T\">High Liner Foods (HLF-T)<\/a> +6.78%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/VET-T\">Vermilion Energy Inc (VET-T)<\/a> +5.14%<br \/>\n&#x26fd; <a href=\"https:\/\/stockchase.com\/BYD-T\">Boyd Group Services Inc. (BYD-T)<\/a> +5.17%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/KEL-T\">Kelt Exploration (KEL-T)<\/a> +5.53%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> -11.57%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> -9.06%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/ACB-T\">Aurora Cannabis (ACB-T)<\/a> -8.25%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/NGD-T\">New Gold Inc. (NGD-T)<\/a> -7.14%<br \/>\n&#x1f4e1; <a href=\"https:\/\/stockchase.com\/CCA-T\">Cogeco Communications (CCA-T)<\/a> -4.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets in Toronto and New York rebounded convincingly Friday to lessen the week&#8217;s losses. Led by financials and healthcare, Wall Street saw the S&amp;P close 1.91% (as all 11 sectors rallied), the Nasdaq 1.7% (down 0.63% for the week) and [&hellip;]<\/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-286055","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\/286055","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=286055"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/286055\/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=286055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=286055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=286055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}