{"id":308253,"date":"2023-01-06T17:06:36","date_gmt":"2023-01-06T22:06:36","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=308253"},"modified":"2023-01-07T09:22:11","modified_gmt":"2023-01-07T14:22:11","slug":"wage-data-triggers-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/wage-data-triggers-rally\/","title":{"rendered":"Wage data triggers rally"},"content":{"rendered":"<p>Friday saw American wages grow slightly slower than expected which unleashed a strong rally. That move ushered in a positive start to 2023. The Nasdaq jumped 2.56% during the session and 1.94% for the week, the S&amp;P up 2.28% and 1.72%, and the Dow advanced 2.13% and 1.54%.<\/p>\n<p>Megatech led gains with <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> up 3.68%, <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> 3.56% and <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> 2.47%. Also, <a href=\"https:\/\/stockchase.com\/company\/view\/300\/COST-Q\">Costco<\/a> soared 7.26% and <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel<\/a> 4.25%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> added 0.55% to $16,900 while the U.S 10-year yield inched down to 3.567%.<\/p>\n<p>Despite robust Canadian employment numbers, the TSX jumped 1.58% Friday and 2.13% for the week. All sectors were positive led by staples, industrials and materials. Major movers: <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor<\/a> 2.56%, <a href=\"https:\/\/stockchase.com\/company\/view\/78\/AQN-T\">Algonquin Power<\/a> 2.22%, <a href=\"https:\/\/stockchase.com\/company\/view\/1266\/TRP-T\">TC Energy<\/a> 3.65%, <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals<\/a> 9.36% and <a href=\"https:\/\/stockchase.com\/company\/view\/840\/MX-T\">Methanex<\/a> up 7.16%. WTI was flat at $73.70.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> +3.68%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com (AMZN-Q)<\/a> +3.56%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> +2.47%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/300\/COST-Q\">Costco Wholesale (COST-Q)<\/a> +7.26%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/637\/INTC-Q\">Intel (INTC-Q)<\/a> +4.25%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.55%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1176\/SU-T\">Suncor Energy Inc (SU-T)<\/a> +2.56%<br \/>\n&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/78\/AQN-T\">Algonquin Power &amp; Utilities Corp (AQN-T)<\/a> +2.22%<br \/>\n&#x26a1; <a href=\"https:\/\/stockchase.com\/company\/view\/1266\/TRP-T\">TC Energy (TRP-T)<\/a> +3.65%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals Inc. (HBM-T)<\/a> +9.36%<br \/>\n&#x2697; <a href=\"https:\/\/stockchase.com\/company\/view\/840\/MX-T\">Methanex Corp (MX-T)<\/a> +7.16%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friday saw American wages grow slightly slower than expected which unleashed a strong rally. That move ushered in a positive start to 2023. The Nasdaq jumped 2.56% during the session and 1.94% for the week, the S&amp;P up 2.28% and [&hellip;]<\/p>\n","protected":false},"author":9,"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-308253","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\/308253","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=308253"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/308253\/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=308253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=308253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=308253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}