{"id":297685,"date":"2022-10-17T18:58:26","date_gmt":"2022-10-17T22:58:26","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=297685"},"modified":"2022-10-17T18:58:26","modified_gmt":"2022-10-17T22:58:26","slug":"tech-leads-market-rebound","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-leads-market-rebound\/","title":{"rendered":"Tech leads market rebound"},"content":{"rendered":"<p>Monday saw markets strongly bounce back after Friday&#8217;s steep sell-off. Advancing were the S&amp;P by 2.65%, the Nasdaq at 3.45%, and the Dow up 1.86% past 30,100.<\/p>\n<p>Megacap tech, which has been the worst-performing sector this year, led gains as <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> rallied 2.91% as the most influential stock, <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> popping 6.45%, <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> 7.01% and <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/META-Q\">Meta<\/a> jumping 5.74%. Not faring so well was communications giant, <a href=\"https:\/\/stockchase.com\/company\/view\/4662\/FOX-Q\">Fox<\/a>, which saw both classes of shares plunge 8.09-9.41%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> joined in the party by rising 1.35% to $19,500, itself recovering partly from its ongoing slump. Meanwhile, the U.S. 10-year yield held at 4% with little movement.<\/p>\n<p>Energy was the only sector to lag on the TSX while industrials, utilities and real estate enjoyed outsized gains. While WTI was flat at $85.50 by the close, WCS retreated 1% to $55.50. The TSX gained 1.58%. Major movers were <a href=\"https:\/\/stockchase.com\/company\/view\/980\/POW-T\">Power<\/a> up 2.47%, <a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge<\/a> at 1.8%, <a href=\"https:\/\/stockchase.com\/company\/view\/2655\/DML-T\">Denison Mines<\/a> soaring 10.53%, <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy<\/a> adding 7.08% and tech names like <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei<\/a> rallying nearly 7%.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple (AAPL-Q)<\/a> +2.91%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com (AMZN-Q)<\/a> +6.45%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> +7.01%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/META-Q\">Meta Platforms Inc \/ Facebook (META-Q)<\/a> +5.74%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/4662\/FOX-Q\">Twenty-First Century Fox Inc (FOX-Q)<\/a> -8.09%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1.35%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/980\/POW-T\">Power Corp (POW-T)<\/a> +2.47%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/430\/ENB-T\">Enbridge (ENB-T)<\/a> +1.8%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2655\/DML-T\">Denison Mines Corp (DML-T)<\/a> +10.53%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> +7.08%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei Corp (NVEI-T)<\/a> +7%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monday saw markets strongly bounce back after Friday&#8217;s steep sell-off. Advancing were the S&amp;P by 2.65%, the Nasdaq at 3.45%, and the Dow up 1.86% past 30,100. Megacap tech, which has been the worst-performing sector this year, led gains as [&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-297685","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\/297685","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=297685"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/297685\/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=297685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=297685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=297685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}