{"id":291282,"date":"2022-08-25T17:43:45","date_gmt":"2022-08-25T21:43:45","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=291282"},"modified":"2022-08-25T17:43:45","modified_gmt":"2022-08-25T21:43:45","slug":"markets-rally-ahead-of-fed-keynote","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-ahead-of-fed-keynote\/","title":{"rendered":"Markets rally ahead of Fed keynote"},"content":{"rendered":"<p>Thursday saw markets trading at low volumes but bullish ahead of the U.S. Fed&#8217;s Jay Powell delivering a keynote address that may hint at the next rate hike. With tech leading the charge, the S&amp;P closed 1.41%, the Nasdaq 1.67%, and the Dow 0.98%.<\/p>\n<p>Influential names were <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> up 1.49%, <a href=\"https:\/\/stockchase.com\/company\/view\/800\/MMM-N\">3M<\/a> 1.22% and <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> by 2.6%. The semiconductors rallied with <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> adding 4% and <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> 3%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">Salesforce<\/a> was a rare loser on Wall Street, sinking 3.39% and <a href=\"https:\/\/stockchase.com\/company\/view\/3903\/DLTR-Q\">Dollar Tree<\/a> plunged 10.22% after its quarterly report. The U.S. 10-year yield slipped to 3.033% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> declined by a modest 0.8% to around $21,600.<\/p>\n<p>Despite the price of WTI falling 2% below $93, the TSX remained above 20,000. Only utilities were the negative sector and modestly so. Moving higher were <a href=\"https:\/\/stockchase.com\/company\/view\/1342\/WFG-T\">West Fraser Timber<\/a> by 6.19%, <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> up 4.51% and the weed stocks <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> by 8.81% and <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora<\/a> up 8.42%. The rally helped erased losses from earlier this week. All eyes on Wall as well as Bay Street will be on Powell&#8217;s speech tomorrow.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple (AAPL-Q)<\/a> +1.49%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/800\/MMM-N\">3M Co. (MMM-N)<\/a> +1.22%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com (AMZN-Q)<\/a> +2.6%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia Corp (NVDA-Q)<\/a> +4%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> +3%<br \/>\n&#x1f4a8; <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">SalesForce.com Inc. (CRM-N)<\/a> -3.39%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/3903\/DLTR-Q\">Dollar Tree (DLTR-Q)<\/a> -10.22%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -0.8%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/1342\/WFG-T\">West Fraser Timber (WFG-T)<\/a> +6.19%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems (BLDP-T)<\/a> +4.51%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +8.81%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis (ACB-T)<\/a> +8.42%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday saw markets trading at low volumes but bullish ahead of the U.S. Fed&#8217;s Jay Powell delivering a keynote address that may hint at the next rate hike. With tech leading the charge, the S&amp;P closed 1.41%, the Nasdaq 1.67%, [&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-291282","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\/291282","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=291282"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/291282\/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=291282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=291282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=291282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}