{"id":305331,"date":"2022-12-12T17:30:22","date_gmt":"2022-12-12T22:30:22","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=305331"},"modified":"2022-12-13T06:42:21","modified_gmt":"2022-12-13T11:42:21","slug":"market-bullish-ahead-of-u-s-inflation-and-fed","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/market-bullish-ahead-of-u-s-inflation-and-fed\/","title":{"rendered":"Market bullish ahead of U.S. inflation and Fed"},"content":{"rendered":"<p>The week began with the bulls dominating Wall Street and, to a lesser extent, Bay Street. Investors were buying ahead of Tuesday&#8217;s U.S. CPI data and the Wednesday U.S. Fed Bank hike, widely expected to be 50 basis points. Monday ended with the S&amp;P up 1.43%, the Nasdaq 1.26%, and the Dow 1.58%.<\/p>\n<p>Gains ran across the board, including <a href=\"https:\/\/stockchase.com\/FDX-N\">FedEx<\/a> by 2.93%, <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> up 1.64%, <a href=\"https:\/\/stockchase.com\/V-N\">Visa<\/a> 2.81% and <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a> advancing 2.89%. However, <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna<\/a> sank nearly 7% and <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> plunged 6.23% after Elon Musk&#8217;s latest extreme-right comments and ongoing abusive personnel policies at Twitter. (Google &#8220;Musk and Dave Chappelle&#8221;.) The U.S 10-year yield came in at 3.613% as Bitcoin hovered around $17,145.<\/p>\n<p>In Toronto, the TSX climbed 0.36% to regain 20,000. Sectors were mostly positive, led by industrials and tech, while consumer staples and financials lagged. WTI rallied nearly 3.5% to $73.50, so energy names jumped, including <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> by 2.4% and <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy<\/a> by 2.24%. Previous metals didn&#8217;t glitter on Monday, with <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Mines<\/a> down nearly 4% and <a href=\"https:\/\/stockchase.com\/WDO-T\">Wesdome Gold<\/a> sliding 4.32%. However, <a href=\"https:\/\/stockchase.com\/ENGH-T\">Enghouse<\/a> advanced 6.2%.<\/p>\n<p>&#x1f69a; <a href=\"https:\/\/stockchase.com\/FDX-N\">FedEx (FDX-N)<\/a> +2.93%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple (AAPL-Q)<\/a> +1.64%<br \/>\n&#x1f4b3; <a href=\"https:\/\/stockchase.com\/V-N\">Visa Inc. (V-N)<\/a> +2.81%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft (MSFT-Q)<\/a> +2.89%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/MRNA-Q\">Moderna (MRNA-Q)<\/a> -7%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> -6.23%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor Energy Inc (SU-T)<\/a> +2.4%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp (CPG-T)<\/a> +2.24%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals (FM-T)<\/a> -4%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/WDO-T\">Wesdome Gold Mines Ltd. (WDO-T)<\/a> -4.32%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/ENGH-T\">Enghouse Systems (ENGH-T)<\/a> +6.2%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week began with the bulls dominating Wall Street and, to a lesser extent, Bay Street. Investors were buying ahead of Tuesday&#8217;s U.S. CPI data and the Wednesday U.S. Fed Bank hike, widely expected to be 50 basis points. Monday [&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-305331","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\/305331","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=305331"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/305331\/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=305331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=305331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=305331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}