{"id":286611,"date":"2022-07-20T17:32:58","date_gmt":"2022-07-20T21:32:58","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=286611"},"modified":"2022-07-20T17:32:58","modified_gmt":"2022-07-20T21:32:58","slug":"earnings-extend-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/earnings-extend-rally\/","title":{"rendered":"Earnings extend rally"},"content":{"rendered":"<p>Wednesday&#8217;s markets began tentatively but eventually extended Tuesday&#8217;s rally amid key U.S. earnings. In New York, the S&amp;P was up 0.59%, the Nasdaq 1.58 and the Dow 0.16%. Tech and consumer discretionary fueled the surge while healthcare and utilities lagged.<\/p>\n<p>Key movers were <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix<\/a>, which released a better-than-expected quarter the day before and jumped 7.35%. Also gaining were <a href=\"https:\/\/stockchase.com\/company\/view\/5969\/NOW-N\">ServiceNow<\/a> up 4.8%, <a href=\"https:\/\/stockchase.com\/company\/view\/21\/ADBE-Q\">Adobe<\/a> at 3.52%, <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">Salesforce<\/a> 4.97, <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> up 4.13% as the semis rallied, and <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Meta\/Facebook<\/a> up 4.16%. Losing ground were <a href=\"https:\/\/stockchase.com\/company\/view\/1331\/VZ-N\">Verizon<\/a> at -2.74% and <a href=\"https:\/\/stockchase.com\/company\/view\/148\/BKR-Q\">Baker Hughes<\/a> -8.26%. The U.S. 10-year yield inched up to 3.022% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> added another 0.8% to $23,600. Earnings continued to roll after hours as Tesla beat its last quarter.<\/p>\n<p>Despite WTI slipping about 2% to $102 and WCS shed 1% to dip below $80, the TSX advanced 0.47%. Tech, financials and even energy drove the Toronto index while materials lagged. Pot stocks soared after Washington indicated that it will be discussing the national decriminalization of weed. <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy<\/a> soared 17.31%, <a href=\"https:\/\/stockchase.com\/company\/view\/6178\/FAF-T\">Fire &amp; Flower Holdings<\/a> 14.08% and <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> 11.4%. Meanwhile <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> jumped 12.28% after partnering with YouTube on a merchant video plan. Other tech that rallied was <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> up 7.78% and <a href=\"https:\/\/stockchase.com\/company\/view\/6359\/WELL-T\">Well Health Technologies<\/a> at 6.94%. Losers included <a href=\"https:\/\/stockchase.com\/company\/view\/485\/FM-T\">First Quantum Minerals<\/a> at -7.41%, <a href=\"https:\/\/stockchase.com\/company\/view\/4266\/MOZ-T\">Marathon gold<\/a> -6.67% and <a href=\"https:\/\/stockchase.com\/company\/view\/2069\/WPM-T\">Wheaton Precious metals<\/a> -4.91%.<\/p>\n<p>&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix Inc. (NFLX-Q)<\/a> +7.35%<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/5969\/NOW-N\">Servicenow (NOW-N)<\/a> +4.8%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/21\/ADBE-Q\">Adobe Systems (ADBE-Q)<\/a> +3.52%<br \/>\n&#x1f4a8; <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">SalesForce.com Inc. (CRM-N)<\/a> +4.97%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> +4.13%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Meta Platforms Inc \/ Facebook (FB-Q)<\/a> +4.16%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1331\/VZ-N\">Verizon Communications (VZ-N)<\/a> -2.74%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/148\/BKR-Q\">Baker Hughes Company (BKR-Q)<\/a> -8.26%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.8%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> +17.31%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6178\/FAF-T\">Fire &amp; Flower Holdings (FAF-T)<\/a> +14.08%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +11.4%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +12.28%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed Commerce Inc (LSPD-T)<\/a> +7.78%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/6359\/WELL-T\">WELL Health Technologies (WELL-T)<\/a> +6.94%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/485\/FM-T\">First Quantum Minerals (FM-T)<\/a> -7.41%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/4266\/MOZ-T\">Marathon Gold Corp (MOZ-T)<\/a> -6.67%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2069\/WPM-T\">Wheaton Precious Metals (WPM-T)<\/a> -4.91%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday&#8217;s markets began tentatively but eventually extended Tuesday&#8217;s rally amid key U.S. earnings. In New York, the S&amp;P was up 0.59%, the Nasdaq 1.58 and the Dow 0.16%. Tech and consumer discretionary fueled the surge while healthcare and utilities lagged. [&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-286611","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\/286611","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=286611"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/286611\/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=286611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=286611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=286611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}