{"id":333161,"date":"2023-07-24T19:45:08","date_gmt":"2023-07-24T23:45:08","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=333161"},"modified":"2023-07-24T19:45:08","modified_gmt":"2023-07-24T23:45:08","slug":"oil-and-stocks-climb-on-earnings-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-and-stocks-climb-on-earnings-week\/","title":{"rendered":"Oil and stocks climb on earnings week"},"content":{"rendered":"<p>A busy trading week began positively with both crude oil and stocks rising. WTI jumped 2.4% to nearly $79 a barrel as energy led gains on the TSX. The Canadian exchange advanced 0.15% as real estate also rallied, but utilities and consumer discretionary lagged.<\/p>\n<p>Major movers were <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> up 2.74%, <a href=\"https:\/\/stockchase.com\/IMO-T\">Imperial Oil<\/a> 2.69%, and <a href=\"https:\/\/stockchase.com\/NTR-T\">Nutrien<\/a> 2.67%, though <a href=\"https:\/\/stockchase.com\/ATZ-T\">Aritzia<\/a> slid 3.88% and <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy<\/a> sank 2.57% after divesting some assets.<\/p>\n<p>The Wall Street rally continued to broaden beyond tech as the Dow rose 0.52% to almost 35,500. Financials, for instance, continued to show strength. The Dow outperformed the Nasdaq which inched up 0.19% to stay above 14,000, and outpaced the S&amp;P which climbed 0.4%. Key movers included <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a>, up 3.4%, <a href=\"https:\/\/stockchase.com\/ISRG-Q\">Intuitive Surgical<\/a> slipping 3.93%, <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> rising 1.84%, and <a href=\"https:\/\/stockchase.com\/BDX-N\">Becton Dickinson<\/a> jumping 5.89%. However, <a href=\"https:\/\/stockchase.com\/AMC-N\">AMC<\/a> soared 32.73% after a court blocked the theatre chain from converting preferred equity shares into regular ones. Plus, there were tailwinds from strong opening weekends for heavily marketed movies, <em>Barbie<\/em> and\u00a0<em>Oppenheimer<\/em>. Meanwhile, the U.S. 10-year yield inched up to 3.874% though <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> sank 3.35% to $29,000. Investors will be busy this week processing key earning reports from megatech stocks such as Microsoft and the latest Fed decision on Wednesday.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy (CVE-T)<\/a> +2.74%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/IMO-T\">Imperial Oil (IMO-T)<\/a> +2.69%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/NTR-T\">Nutrien Ltd. (NTR-T)<\/a> +2.67%<br \/>\n&#x1f457; <a href=\"https:\/\/stockchase.com\/ATZ-T\">Aritzia Inc. (ATZ-T)<\/a> -3.88%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/TRP-T\">TC Energy (TRP-T)<\/a> -2.57%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Inc (TSLA-Q)<\/a> +3.4%<br \/>\n&#x1f9eb; <a href=\"https:\/\/stockchase.com\/ISRG-Q\">Intuitive Surgical Inc. (ISRG-Q)<\/a> -3.93%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America (BAC-N)<\/a> +1.84%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/BDX-N\">Becton Dickinson (BDX-N)<\/a> +5.89%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/AMC-N\">AMC Entertainment Holdings Inc. (AMC-N)<\/a> +32.73%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3.35%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A busy trading week began positively with both crude oil and stocks rising. WTI jumped 2.4% to nearly $79 a barrel as energy led gains on the TSX. The Canadian exchange advanced 0.15% as real estate also rallied, but utilities [&hellip;]<\/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-333161","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\/333161","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=333161"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/333161\/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=333161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=333161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=333161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}