{"id":310178,"date":"2023-01-23T17:22:47","date_gmt":"2023-01-23T22:22:47","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=310178"},"modified":"2023-01-23T17:22:47","modified_gmt":"2023-01-23T22:22:47","slug":"tech-leads-rally-on-fed-optimism","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-leads-rally-on-fed-optimism\/","title":{"rendered":"Tech leads rally on Fed optimism"},"content":{"rendered":"<p>The week began stocks rallying across the board on expectations that the U.S. Fed will raise interest rates by only 25 basis points next week. Economic indicators point to easing inflation and a lower chance of a recession. Tech led gains on Wall Street as the Nasdaq jumped 2%, the S&amp;P 1.2% to top 4,000, and the Dow 0.77%.<\/p>\n<p>Upgrades pushed the semiconductor names higher as <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> soared 9.3%, <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> 7.66% and <a href=\"https:\/\/stockchase.com\/company\/view\/1338\/WDC-Q\">Western Digital<\/a> 8.58%. The most-traded stocks were <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> up 7.59% and <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> at 2.36%. The U.S. 10-year yield inched up 3.52% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> rose another 1% to $23,000.<\/p>\n<p>The TSX also rose, adding 0.58% as all sectors were up except staples and telcos. Tech and real estate led. Major gainers were <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> up 9.74%, <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> 8.77%, <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei<\/a> 6.64% and <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> 6.38%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/3927\/TOU-T\">Tourmaline Oil<\/a> fell 3.47%. WTI oil was flat at $81.65 a barrel.<\/p>\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> +9.3%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia Corp (NVDA-Q)<\/a> +7.66%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/1338\/WDC-Q\">Western Digital (WDC-Q)<\/a> +8.58%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc (TSLA-Q)<\/a> +7.59%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> +2.36%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1%<br \/>\n&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems (BLDP-T)<\/a> +9.74%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +8.77%<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/6403\/NVEI-T\">Nuvei Corp (NVEI-T)<\/a> +6.64%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed Commerce Inc (LSPD-T)<\/a> +6.38%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3927\/TOU-T\">Tourmaline Oil Corp (TOU-T)<\/a> -3.47%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week began stocks rallying across the board on expectations that the U.S. Fed will raise interest rates by only 25 basis points next week. Economic indicators point to easing inflation and a lower chance of a recession. Tech led [&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-310178","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\/310178","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=310178"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/310178\/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=310178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=310178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=310178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}