The post-SVB rout in stocks ended Tuesday morning after the latest U.S. inflation numbers came in meeting market expectations. Core inflation actually ticked up slightly higher than expected while non-core was slightly lower than expected. The numbers encouraged the bulls to charge, expecting the U.S. Fed to pause their interest rate hikes or raise them at a slower pace. Markets were consistently strong throughout Tuesday with the S&P finishing 1.68%, the Nasdaq 2.14%, and the Dow 1.06% or more than 300 points.<\/p>\n
Tech was a major gainer with Meta<\/a> jumping 7.25% after announcing a second round of mass layoffs to cut costs. Tesla<\/a> rallied 5.03%, Microsoft<\/a> added 2.71%, though United Airlines<\/a> sank 5.37% after missing their quarter. Notably, First Republic Bank<\/a> regained about 27%, about half of Monday’s stunning loss. The U.S. 10-year regained ground, up to 3.67% while Bitcoin<\/a> jumped 3% to nearly $25,000.<\/p>\n The TSX showed more muted gains, adding 0.54% and growing within reach of 20,000. Energy was the only weak sector as WTI slid 4.5% to $71.50. Tech and staples led. Major movers included CNQ<\/a> at -2.02%, Cenovus<\/a> -1.94%, Nuvei<\/a> leaping 7.56%, Enghouse Systems<\/a> 7.07% and ECN Capital<\/a> rallying 9.39%.<\/p>\n 🕵️♂️ Meta Platforms Inc \/ Facebook (META-Q)<\/a> +7.25% The post-SVB rout in stocks ended Tuesday morning after the latest U.S. inflation numbers came in meeting market expectations. Core inflation actually ticked up slightly higher than expected while non-core was slightly lower than expected. The numbers encouraged the bulls […]<\/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-316786","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\/316786","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=316786"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/316786\/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=316786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=316786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=316786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🚗 Tesla Inc (TSLA-Q)<\/a> +5.03%
\nⓂ Microsoft Corp (MSFT-Q)<\/a> +2.71%
\n🛫 United Airlines Holdings (UAL-Q)<\/a> -5.37%
\n🏛 First Republic Bank (FRC-N)<\/a> +27%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +3%
\n🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> -2.02%
\n🛢 Cenovus Energy (CVE-T)<\/a> -1.94%
\n💾 Nuvei Corp (NVEI-T)<\/a> +7.56%
\n💾 Enghouse Systems (ENGH-T)<\/a> +7.07%
\n🏛 ECN Capital (ECN-T)<\/a> +9.39%<\/p>\n","protected":false},"excerpt":{"rendered":"