U.S. economic data on Wednesday triggered a convincing rally led by tech. The ISM Services PMI hit 56.7% in July in a surprise jump from June’s 55.3%, indicating that supply chain slowdowns are easing. Also, the St. Louis Fed said that he didn’t feel that U.S. economy was currently in a recession. Optimistic, the S&P closed 1.56% higher, the Nasdaq jumped 2.59% and the Dow advanced 1.28%. Energy was the only weak sector on the S&P while consumer discretionary and tech led.<\/p>\n
Big gainers included Moderna<\/a> up nearly 16%, PayPal<\/a> up 9.32% after it was disclosed that an activist shareholder has bought a substantial stake, CVS Health<\/a> up 6.3%, Royal Caribbean Cruises<\/a> and Ross Stores<\/a> both advancing nearly 6%, and Regeneron<\/a> rallying 5.88%. Influential movers were Apple<\/a>, up 3.76%, and Meta<\/a> by 5.34%. The U.S. 10-year yield hovered around 2.7% as Bitcoin<\/a> rose 2% to $23,500.<\/p>\n Higher-than-expected inventories of crude oil in the latest data didn’t help the price of crude oil. WTI fell more than $3.50 below $91 a barrel. Energy as well as materials and utilities limited the TSX’s gains to 0.33%, though tech, industrials and financials were strong. Winners included Shopify<\/a> soaring 10.8%, Bausch Health<\/a> up 13.44%, Kinaxis<\/a> by 9.49%, NFI Group<\/a> up 8.72% and Lightspeed<\/a> at 8.12%. Sliding were Suncor<\/a> at -3.73%, Athabasca Oil<\/a> -8.47%, Baytex Energy<\/a> -7.5% and Cenovus<\/a> -6.04%.<\/p>\n 💉 Moderna (MRNA-Q)<\/a> +16% U.S. economic data on Wednesday triggered a convincing rally led by tech. The ISM Services PMI hit 56.7% in July in a surprise jump from June’s 55.3%, indicating that supply chain slowdowns are easing. Also, the St. Louis Fed said […]<\/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-288397","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\/288397","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=288397"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/288397\/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=288397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=288397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=288397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💳 PayPal Holdings Inc. (PYPL-Q)<\/a> +9.32%
\n👨⚕️ CVS Health Corp (CVS-N)<\/a> +6.3%
\n🚢 Royal Caribbean Cruises (RCL-N)<\/a> +6%
\n👕 Ross Stores Inc. (ROST-Q)<\/a> +6%
\n🧫 Regeneron Pharmaceuticals Inc (REGN-Q)<\/a> +5.88%
\n🍎 Apple (AAPL-Q)<\/a> +3.76%
\n🕵️♂️ Meta Platforms, Inc. (META-Q)<\/a> +5.34%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +2%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +10.8%
\n👨⚕️ Bausch Health Companies Inc. (BHC-T)<\/a> +13.44%
\n💾 Kinaxis Inc (KXS-T)<\/a> +9.49%
\n🚍 New Flyer Industries Inc. (NFI-T)<\/a> +8.72%
\n💾 Lightspeed Commerce Inc (LSPD-T)<\/a> +8.12%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -3.73%
\n🛢 Athabasca Oil Sands Corp (ATH-T)<\/a> -8.47%
\n🛢 Baytex Energy Corp (BTE-T)<\/a> -7.5%
\n🛢 Cenovus Energy (CVE-T)<\/a> -6.04%<\/p>\n","protected":false},"excerpt":{"rendered":"