{"id":308925,"date":"2023-01-12T17:12:13","date_gmt":"2023-01-12T22:12:13","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=308925"},"modified":"2023-01-12T17:12:13","modified_gmt":"2023-01-12T22:12:13","slug":"markets-rally-on-u-s-cpi-data","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-on-u-s-cpi-data\/","title":{"rendered":"Markets rally on U.S. CPI data"},"content":{"rendered":"<p>Thursday&#8217;s American consumer inflation data was eagerly awaited and did not disappoint, coming in line with expectations and signalling a weaker inflation. Though markets reacted tentatively at first, stocks on both sides of the border climbed throughout the day. The S&amp;P closed 0.34% further and above 4,000, the Nasdaq 0.64% to top 11,000, and the Dow added 0.64% to surpass 34,000.<\/p>\n<p>Airlines and travel led the rally as <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines<\/a> soared 9.81%, <a href=\"https:\/\/stockchase.com\/company\/view\/6174\/UAL-Q\">United Airlines<\/a> 7.13% and cruise liner <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal<\/a> rose 5.63%. Tech also rallied with <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/META-Q\">Meta<\/a> up 2.91% and semis like <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> jumping 3.02%. While the U.S. 10-year yield inched down 3.431%, <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> leapt 8.5% to $19,000.<\/p>\n<p>The TSX also enjoyed healthy gains, up 0.75% to stay well above 20,000. Most sectors were positive, starting with energy and materials, but staples sank. Weed stocks bounced with <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilary<\/a> up 8.37% and <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy<\/a> adding 6.91%. The banks also climbed as <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> added 2%, and <a href=\"https:\/\/stockchase.com\/company\/view\/3969\/MEG-T\">Meg Energy<\/a> advanced 6.95%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/78\/AQN-T\">Algonquin Power<\/a> slid 4.22%. WTI oil rose 1% to $78.50.<\/p>\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines Group (AAL-Q)<\/a> +9.81%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/6174\/UAL-Q\">United Airlines Holdings (UAL-Q)<\/a> +7.13%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal Caribbean Cruises (RCL-N)<\/a> +5.63%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/META-Q\">Meta Platforms Inc \/ Facebook (META-Q)<\/a> +2.91%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia Corp (NVDA-Q)<\/a> +3.02%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +8.5%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +8.37%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy Growth Corp. (WEED-T)<\/a> +6.91%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">Toronto Dominion (TD-T)<\/a> +2%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3969\/MEG-T\">MEG Energy Corp (MEG-T)<\/a> +6.95%<br \/>\n&#x1f4a1; <a href=\"https:\/\/stockchase.com\/company\/view\/78\/AQN-T\">Algonquin Power &amp; Utilities Corp (AQN-T)<\/a> -4.22%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday&#8217;s American consumer inflation data was eagerly awaited and did not disappoint, coming in line with expectations and signalling a weaker inflation. Though markets reacted tentatively at first, stocks on both sides of the border climbed throughout the day. The [&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-308925","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\/308925","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=308925"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/308925\/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=308925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=308925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=308925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}