{"id":339798,"date":"2023-10-06T17:41:41","date_gmt":"2023-10-06T21:41:41","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=339798"},"modified":"2023-10-06T17:46:17","modified_gmt":"2023-10-06T21:46:17","slug":"surprise-rally-after-hot-jobs-report","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/surprise-rally-after-hot-jobs-report\/","title":{"rendered":"Surprise rally after hot jobs report"},"content":{"rendered":"\n<p>The week ended on a twist. Hot jobs numbers in Canada, and especially the U.S., turned markets south to start Friday, but then they reversed into a sustained rally. By the closing bell, the Nasdaq was up 1.6% for the day as well as the week. The S&amp;P added 1.18% on Friday to return above 4,300 and gained 0.56% over the week. Meanwhile, the Dow climbed 0.87% for the session, but closed mildly negative for the week. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> traded the most hands, up 1.48%, as <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> rallied 4.21%, <a href=\"https:\/\/stockchase.com\/MGM-N\">MGM<\/a> jumped 4.86%, though <a href=\"https:\/\/stockchase.com\/DPZ-N\">Domino&#8217;s Pizza<\/a> slid nearly 6%. Exxon announced a blockbuster deal to buy <a href=\"https:\/\/stockchase.com\/PXD-N\">Pioneer<\/a>, which soared 10.45%. The U.S. 10-year yield ticked down to 3.748% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> added 0.75% to $30,000.<\/p>\n\n\n\n<p>The TSX managed to rise 0.57%, though lost 1.4% for the week. Most sectors were positive on Friday, led by materials, energy and tech while staples were weak. Leading names were <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> up 1.28%, <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex<\/a> 1.69%, <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals<\/a> 6.14%, <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed<\/a> soaring 4.16%, though <a href=\"https:\/\/stockchase.com\/PXT-T\">Parex Resources<\/a> sank 4.33%. WTI regained 0.69% to nearly $83 a barrel to cap a week of losses.<\/p>\n\n\n\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc&nbsp;(AAPL-Q)<\/a> +1.48%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices&nbsp;(AMD-Q)<\/a> +4.21%<\/p>\n\n\n\n<p>&#x2660; <a href=\"https:\/\/stockchase.com\/MGM-N\">MGM Resorts International&nbsp;(MGM-N)<\/a> +4.86%<\/p>\n\n\n\n<p>&#x1f355; <a href=\"https:\/\/stockchase.com\/DPZ-N\">Domino&#8217;s Pizza, Inc.&nbsp;(DPZ-N)<\/a> -6%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/PXD-N\">Pioneer Natural Resources&nbsp;(PXD-N)<\/a> +10.45%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)&nbsp;(CRYPTO:BTC)<\/a> +0.75%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs&nbsp;(CNQ-T)<\/a> +1.28%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/BTE-T\">Baytex Energy Corp&nbsp;(BTE-T)<\/a> +1.69%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/HBM-T\">Hudbay Minerals&nbsp;(HBM-T)<\/a> +6.14%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/LSPD-T\">Lightspeed Commerce Inc&nbsp;(LSPD-T)<\/a> +4.16%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/PXT-T\">Parex Resources Inc.&nbsp;(PXT-T)<\/a> -4.33%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week ended on a twist. Hot jobs numbers in Canada, and especially the U.S., turned markets south to start Friday, but then they reversed into a sustained rally. By the closing bell, the Nasdaq was up 1.6% for 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":[178,9],"tags":[],"class_list":["post-339798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","category-top"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/339798","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=339798"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/339798\/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=339798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=339798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=339798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}