{"id":320577,"date":"2023-04-13T18:35:27","date_gmt":"2023-04-13T22:35:27","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=320577"},"modified":"2023-04-13T18:35:27","modified_gmt":"2023-04-13T22:35:27","slug":"markets-surge-on-cooling-producers-inflation","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-surge-on-cooling-producers-inflation\/","title":{"rendered":"Markets surge on cooling producers&#8217; inflation"},"content":{"rendered":"<p>Thursday enjoyed a convincing rally after the U.S. producers&#8217; inflation number dropped in March, its biggest decline in three years. Except for real estate, all sectors gained. The S&amp;P closed 1.33%, the Nasdaq 1.99% to return above 12,000, and the Dow 1.14% to surpass 34,000.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/BKNG-Q\">Booking Holdings<\/a> added 3.1%, but megatech led the rally. <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix<\/a> popped 4.48%, <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> 3.37% and <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon<\/a> 4.62%. The U.S. 10-year yield was 3.451% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> regained 1.4% past $30,000.<\/p>\n<p>Canadian stocks followed the same script with the TSX rising 0.54%. Only real estate showed weakness while materials and tech were particularly robust. <a href=\"https:\/\/stockchase.com\/CMMC-T\">Copper Mountain Mining<\/a> leapt 18.14%, <a href=\"https:\/\/stockchase.com\/HUT-T\">Hut 8 Mining<\/a> 12.74% and <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals<\/a> 6.09% though <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> declined 1.81%. WTI shed 1.1% to retreat to $82, but gold advanced by that much to remain above $2,000 an ounce.<\/p>\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/BKNG-Q\">Booking Holdings Inc. (BKNG-Q)<\/a> +3.1%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix Inc. (NFLX-Q)<\/a> +4.48%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> +3.37%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon.com, Inc. (AMZN-Q)<\/a> +4.62%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1.4%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/CMMC-T\">Copper Mountain Mining (CMMC-T)<\/a> +18.14%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/HUT-T\">Hut 8 Mining Corp. (HUT-T)<\/a> +12.74%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals (FM-T)<\/a> +6.09%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy (CVE-T)<\/a> -1.81%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday enjoyed a convincing rally after the U.S. producers&#8217; inflation number dropped in March, its biggest decline in three years. Except for real estate, all sectors gained. The S&amp;P closed 1.33%, the Nasdaq 1.99% to return above 12,000, and 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-320577","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\/320577","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=320577"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/320577\/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=320577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=320577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=320577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}