Wednesday saw one of the busiest sessions of 2023 so far. Markets were trending down until the U.S. Fed’s Jay Powell announced a predicted 25-basis point hike in interest rates. However, American shares took off after his comments which the street interpreted as dovish overall delivered in a confident tone. As a result, red screens turned green as the S&P finished 1.05% and the Dow flat at 0.02%, but the Nasdaq ripped 2% higher to approach 12,000.<\/p>\n
Tech led the rally, especially semis such as AMD<\/a> which jumped 12.64% and Nvidia<\/a> by 7.2%. Snap<\/a> refused to issue guidance and shares plunged 10.29%. Meta<\/a> rose 2.79% but soared 18% after hours upon its latest quarter and guidance. The U.S. 10-year yield inched down to 3.415% while Bitcoin<\/a> popped 2.55% to around $23,700.<\/p>\n Energy and consumer staples prevented the TSX from rallying. The Canadian index was flat, down 0.05%. Most sectors rallied, though. Key movers were Linamar<\/a>, popping 5.72%, and Blackberry<\/a> by 5.46%. However, Cenovus<\/a> closed -3.72% while TC Energy<\/a> plunged 5.62% after announcing cost overruns on its Coastal Gaslink project. WTI oil sank 2% below $77.<\/p>\n 💾 Advanced Micro Devices (AMD-Q)<\/a> +12.64% Wednesday saw one of the busiest sessions of 2023 so far. Markets were trending down until the U.S. Fed’s Jay Powell announced a predicted 25-basis point hike in interest rates. However, American shares took off after his comments which the […]<\/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-311408","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\/311408","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=311408"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/311408\/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=311408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=311408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=311408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💾 Nvidia Corp (NVDA-Q)<\/a> +7.2%
\n🤳 Snap Inc. (SNAP-N)<\/a> -10.29%
\n🕵️♂️ Meta Platforms, Inc. (META-Q)<\/a> +2.79%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +2.55%
\n🚗 Linamar Corp (LNR-T)<\/a> +5.72%
\n📱 BlackBerry (BB-T)<\/a> +5.46%
\n🛢 Cenovus Energy (CVE-T)<\/a> -3.72%
\n🛢 TC Energy (TRP-T)<\/a> -5.62%<\/p>\n","protected":false},"excerpt":{"rendered":"