{"id":339947,"date":"2023-10-16T17:46:17","date_gmt":"2023-10-16T21:46:17","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=339947"},"modified":"2023-10-16T17:46:21","modified_gmt":"2023-10-16T21:46:21","slug":"earnings-optimism-lifts-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/earnings-optimism-lifts-markets\/","title":{"rendered":"Earnings optimism lifts markets"},"content":{"rendered":"\n<p>The trading week began on a positive note as investors felt optimistic of corporate earnings heading into reporting season. There was green across the boards in New York and Toronto. The S&amp;P rose 1.06% higher, the Nasdaq 1.2%, and the Dow added 0.93% to nearly 34,000. <\/p>\n\n\n\n<p>Major movers were <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy<\/a> by 5.22%, <a href=\"https:\/\/stockchase.com\/company\/view\/7160\/WBD-Q\">Warner Bros. Discovery<\/a> up 5.1% and <a href=\"https:\/\/stockchase.com\/company\/view\/1091\/SCHW-N\">Schwab<\/a> 4.66%. Despite issuing a sales warning, <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer<\/a> rallied 3.61%, but <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> sank 6.47%. The U.S. 10-year yield climbed to 4.7% while <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin<\/a> jumped 5.2% to$28,600.<\/p>\n\n\n\n<p>The TSX advanced by 0.81%, led by financials, real estate and tech. Banks enjoyed gains as <a href=\"https:\/\/stockchase.com\/company\/view\/1083\/RY-T\">Royal<\/a> added 1.45% and <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> 1.11% in heavy trading. Also, <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> popped 6.55%, <a href=\"https:\/\/stockchase.com\/company\/view\/2624\/SJ-T\">Stella-Jones<\/a> leapt 5.57% and <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas<\/a> soared 7.28%. Despite uncertainty in the Middle East, WTI oil slipped 0.7% to $87.<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy Inc.\u00a0(ETSY-Q)<\/a> +5.22%<\/p>\n\n\n\n<p>&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/7160\/WBD-Q\">Warner Bros. Discovery\u00a0(WBD-Q)<\/a> +5.1%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1091\/SCHW-N\">Charles Schwab Corp\u00a0(SCHW-N)<\/a> +4.66%<\/p>\n\n\n\n<p>&#x1f48a; <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer Inc\u00a0(PFE-N)<\/a> +3.61%<\/p>\n\n\n\n<p>&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna\u00a0(MRNA-Q)<\/a> -6.47%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6966\/CRYPTOBTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +5.2%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1083\/RY-T\">Royal Bank\u00a0(RY-T)<\/a> +1.45%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">Toronto Dominion\u00a0(TD-T)<\/a> +1.11%<\/p>\n\n\n\n<p>&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry\u00a0(BB-T)<\/a> +6.55%<\/p>\n\n\n\n<p>&#x26d3; <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas Corp\u00a0(LAC-T)<\/a> +7.28%<\/p>\n\n\n\n<p>&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/2624\/SJ-T\">Stella-Jones Inc.\u00a0(SJ-T)<\/a> +5.57%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trading week began on a positive note as investors felt optimistic of corporate earnings heading into reporting season. There was green across the boards in New York and Toronto. The S&amp;P rose 1.06% higher, the Nasdaq 1.2%, and 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-339947","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\/339947","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=339947"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/339947\/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=339947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=339947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=339947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}