{"id":340107,"date":"2023-10-31T12:19:47","date_gmt":"2023-10-31T16:19:47","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340107"},"modified":"2023-10-31T12:19:54","modified_gmt":"2023-10-31T16:19:54","slug":"markets-rebound-ahead-of-fed","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rebound-ahead-of-fed\/","title":{"rendered":"Markets rebound ahead of Fed"},"content":{"rendered":"\n<p>Monday offered the markets some relief as stocks rebounded nearly across the board to recover some of the losses from last week&#8217;s sell-off. It happened on the eve of the U.S. Fed&#8217;s next meeting and interest rate decision. The S&amp;P closed 1.2% higher, the Nasdaq 1.16%, and the Dow 1.58% though stayed below 33,000. Major movers were <a href=\"https:\/\/stockchase.com\/WDC-Q\">Western Digital<\/a> up 7.26%, <a href=\"https:\/\/stockchase.com\/CHTR-Q\">Charter Communications<\/a> 4.78%, <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> -4.79%, <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon<\/a> 3.8% following recent earnings, though <a href=\"https:\/\/stockchase.com\/ON-Q\">ON Semiconductor<\/a> sank 21.77%. The U.S. 10-year yield held around 4.894% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> declined 0.25% to $34,500.<\/p>\n\n\n\n<p>The TSX advanced 0.64%, though didn&#8217;t return to 19,000. Energy was weak, but materials plunged largely due to <a href=\"https:\/\/stockchase.com\/FM-T\">First Quantum Minerals<\/a> sliding over 28% after Panama announced a referendum on a mine deal, following protests. Also, <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> jumped 6.36%, <a href=\"https:\/\/stockchase.com\/RY-T\">Royal Bank<\/a> rose 1.52% and <a href=\"https:\/\/stockchase.com\/FNV-T\">Franco-Nevada<\/a> sank 8.47%. By far, consumer staples were the strongest sector, followed by industrials and utilities. WTI crude continued to weaken, falling 3.5% to $82.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monday offered the markets some relief as stocks rebounded nearly across the board to recover some of the losses from last week&#8217;s sell-off. It happened on the eve of the U.S. Fed&#8217;s next meeting and interest rate decision. The S&amp;P [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":170380,"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-340107","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\/340107","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=340107"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/170380"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=340107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}