Markets, particular in the U.S., were treading water this week until the U.S. Fed’s Jay Powell made his latest comments Wednesday afternoon, signalling a moderation in interest rate hikes. Specifically, he suggested the Fed will “downshift” to a 0.5% hike instead of 0.75% as seen in previous Fed meetings. In reaction, markets soared: the S&P 3.08%, the Nasdaq 4.41%, and the Dow 2.17%.<\/p>\n
Tech led the gainers by far: Apple<\/a> 4.85%, Nvidia<\/a> 7.19%, Meta<\/a> 7.89%, Tesla<\/a> 5.52% and Netflix<\/a> 9.7%. Beyond tech, luxury brand Estee Lauder<\/a> jumped 9.11%. Meanwhile, the U.S. 10-year yield slipped to 3.633% while Bitcoin<\/a> advanced 3.85% to $17,000.<\/p>\n The TSX enjoyed more moderate gains of 0.71%, with all sectors rallying except energy. Naturally, tech led the way as well as industrials and materials. Big movers were Shopify<\/a>, leaping 9.53%, Lightspeed<\/a> by 6.16%, though TC Energy<\/a> slid 2.71% and Suncor<\/a> declined 2.64%. That said, WTI crude climbed 3% to $80.<\/p>\n 🍎 Apple (AAPL-Q)<\/a> +4.85% Markets, particular in the U.S., were treading water this week until the U.S. Fed’s Jay Powell made his latest comments Wednesday afternoon, signalling a moderation in interest rate hikes. Specifically, he suggested the Fed will “downshift” to a 0.5% hike […]<\/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-303824","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\/303824","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=303824"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/303824\/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=303824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=303824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=303824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Nvidia Corp (NVDA-Q)<\/a> +7.19%
\n🕵️♂️ Meta Platforms Inc \/ Facebook (META-Q)<\/a> +7.89%
\n🚗 Tesla Motors Inc (TSLA-Q)<\/a> +5.52%
\n📺 Netflix Inc. (NFLX-Q)<\/a> +9.7%
\n💄 Estee Lauder (EL-N)<\/a> +9.11%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +3.85%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +9.53%
\n💾 Lightspeed Commerce Inc (LSPD-T)<\/a> +6.16%
\n🛢 TC Energy (TRP-T)<\/a> -2.71%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -2.64%<\/p>\n","protected":false},"excerpt":{"rendered":"