{"id":337568,"date":"2023-08-30T17:10:47","date_gmt":"2023-08-30T21:10:47","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=337568"},"modified":"2023-08-30T17:10:47","modified_gmt":"2023-08-30T21:10:47","slug":"markets-extend-late-summer-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-extend-late-summer-rally\/","title":{"rendered":"Markets extend late-summer rally"},"content":{"rendered":"<p>Wednesday&#8217;s session saw the Toronto and New York indices extend gains in the days following Jerome Powell&#8217;s speech last Friday. Investors sense that central banks are near the end of interest rate hikes and so are buying more stocks. The U.S. 10-year yield edged down modestly to 4.112%. The S&amp;P closed 0.38% higher to 4,500, the Nasdaq 0.54% to regain 14,000, while the Dow added 0.11%.<\/p>\n<p>Key movers in New York included <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a>, up 1.92%, <a href=\"https:\/\/stockchase.com\/company\/view\/6168\/MTCH-Q\">Match Group<\/a> at 3.15%, <a href=\"https:\/\/stockchase.com\/company\/view\/585\/HPQ-N\">HP<\/a> -6.63% and <a href=\"https:\/\/stockchase.com\/company\/view\/6058\/UBER-N\">Uber<\/a> 2.56%. <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> gave back 1.65% to $27,200.<\/p>\n<p>In Toronto, the TSX added 0.2% to surpass 20,300. Most sectors rallied, led by industrials, tech and energy, while utilities and staples fell. Notable names included <a href=\"https:\/\/stockchase.com\/company\/view\/550\/GWO-T\">Great-West Lifeco<\/a> at -1.3%, <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray<\/a> soaring 10.46%, <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> up 1.81%, <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> 2.91%, though <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia<\/a> sank 4.25%. WTI crude climbed 0.68% to $81.70 a barrel.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> +1.92%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6168\/MTCH-Q\">Match Group (MTCH-Q)<\/a> +3.15%<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/585\/HPQ-N\">Hewlett-Packard Co (HPQ-N)<\/a> -6.63%<br \/>\n&#x1f695; <a href=\"https:\/\/stockchase.com\/company\/view\/6058\/UBER-N\">Uber (UBER-N)<\/a> +2.56%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -1.65%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/550\/GWO-T\">Great West Lifeco (GWO-T)<\/a> -1.3%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6036\/TLRY-Q\">Tilray Inc. (TLRY-Q)<\/a> +10.46%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc. (SHOP-T)<\/a> +1.81%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry (BB-T)<\/a> +2.91%<br \/>\n&#x1f457; <a href=\"https:\/\/stockchase.com\/company\/view\/5384\/ATZ-T\">Aritzia Inc. (ATZ-T)<\/a> -4.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday&#8217;s session saw the Toronto and New York indices extend gains in the days following Jerome Powell&#8217;s speech last Friday. Investors sense that central banks are near the end of interest rate hikes and so are buying more stocks. The [&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-337568","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\/337568","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=337568"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/337568\/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=337568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=337568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=337568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}