{"id":301425,"date":"2022-11-11T17:10:11","date_gmt":"2022-11-11T22:10:11","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=301425"},"modified":"2022-11-12T09:17:22","modified_gmt":"2022-11-12T14:17:22","slug":"markets-rally-to-end-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-to-end-week\/","title":{"rendered":"Markets rally to end week"},"content":{"rendered":"

Friday extended gains from the day before and the major indices rose for the week. The focus was on the U.S. where lighter than expected\u00a0 CPI data triggered a major rally while signs of China loosening its zero-Covid policy and possible progress in the Russian-Ukraine war added tailwinds. The S&P closed Friday up nearly 1%, just shy of 4,000, and rallied 5.61% for the week. The Nasdaq surged another 1.88% Friday and jumped over 8% for the week. Meanwhile, the Dow was flat on Friday as the U.S. 10-year yield slipped to 3.811%. Meanwhile, the turmoil in cryptos continued as Bitcoin<\/a> retreated 4.3% to $16,800.<\/p>\n

Tech was in the spotlight as Snap<\/a> soared nearly 8%, AMD<\/a> rallied 5.7% and Amazon<\/a> added 4.31%. Disney<\/a> rebounded 5% after a rough week, FedEx<\/a> rose 5.79% as Paramount Global<\/a> surged 13.52%.<\/p>\n

Most of the TSX sectors were positive on Friday as the Canadian index advanced 0.61% Friday and 3% for the week. Energy, real estate and tech led, while staples and utilities lagged. Of the latter, Algonquin Power<\/a> dragged down that sector as it plunged 19.29% on an earnings miss and weak forecast. Also down was Dollarama<\/a> by 4.89%, though Brookfield Asset Management<\/a> gained another 4.2%, and Canopy<\/a> 10.22%. WTI climbed 3% to $89 and WCS jumped nearly 5% to approach $60.<\/p>\n

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -4.3%
\n📹 Snap Inc. (SNAP-N)<\/a> +8%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> +5.7%
\n📦 Amazon.com (AMZN-Q)<\/a> +4.31%
\n👸 Walt Disney Co. (DIS-N)<\/a> +5%
\n🚚 FedEx (FDX-N)<\/a> +5.79%
\n📺 Paramount Global (PARA-Q)<\/a> +13.52%
\n💡 Algonquin Power & Utilities Corp (AQN-T)<\/a> -19.29%
\n🛒 Dollarama Inc. (DOL-T)<\/a> -4.89%
\n🏛 Brookfield Asset Management Inc. (BAM-N)<\/a> +4.2%
\n🌿 Canopy Growth Corp. (WEED-T)<\/a> +10.22%<\/p>\n","protected":false},"excerpt":{"rendered":"

Friday extended gains from the day before and the major indices rose for the week. The focus was on the U.S. where lighter than expected\u00a0 CPI data triggered a major rally while signs of China loosening its zero-Covid policy and […]<\/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-301425","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\/301425","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=301425"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/301425\/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=301425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=301425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=301425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}