For the second day in the a row, U.S. inflation numbers came in lower than expected to spark a stock market rally. The producers’ inflation number rose only 0.1% in June, lower than the expected 0.2%. There were gains across many sectors, none more so than tech. On Thursday, the S&P rose 0.85% to close past 4,500, the Nasdaq 1.58% to over 14,000, and the Dow 0.14%. The S&P and Nasdaq finished on new highs for 2023.<\/p>\n
Key movers included Tesla<\/a> up 2.28%, Alphabet<\/a> (A class) 4.69%, Nvidia<\/a> 4.56%, MGM Resorts<\/a> 4.36% and Amazon<\/a> up 2.79%. The U.S. 10-year yield slipped to 3.763% while Bitcoin<\/a> leapt 4% to $31,600.<\/p>\n The good news also raised the TSX by 1.09% with all sectors except real estate (suffering only modest lossses) rallying.\u00a0 Tech, staples and financials led. Notably, Shopify<\/a> leapt 6.13% after announcing it would add generative AI to help manage online stores. Aritzia<\/a> climbed 5.67%, Nuvei<\/a> 5.32%, TD<\/a> 1.44% and Precision Drilling<\/a> 4.55%. WTI surged 4.5% to $77.25.<\/p>\n 🚗 Tesla Inc (TSLA-Q)<\/a> +2.28% For the second day in the a row, U.S. inflation numbers came in lower than expected to spark a stock market rally. The producers’ inflation number rose only 0.1% in June, lower than the expected 0.2%. There were gains across […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","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-331800","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\/331800","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=331800"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/331800\/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=331800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=331800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=331800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🧮 Alphabet Inc (GOOG-Q)<\/a> +4.69%
\n💾 NVIDIA Corporation (NVDA-Q)<\/a> +4.56%
\n♠ MGM Mirage (MGM-N)<\/a> +4.36%
\n📦 Amazon.com, Inc. (AMZN-Q)<\/a> +2.79%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +4%
\n🛍 Shopify Inc. (SHOP-T)<\/a> +6.13%
\n👗 Aritzia Inc. (ATZ-T)<\/a> +5.67%
\n💾 Nuvei Corp (NVEI-T)<\/a> +5.32%
\n🏛 Toronto Dominion (TD) (TD-T)<\/a> +1.44%
\n🛢 Precision Drilling (PD-T)<\/a> +4.55%<\/p>\n","protected":false},"excerpt":{"rendered":"