{"id":340610,"date":"2023-12-18T18:35:00","date_gmt":"2023-12-18T23:35:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340610"},"modified":"2023-12-18T20:31:18","modified_gmt":"2023-12-19T01:31:18","slug":"steel-shines-stocks-edge-up","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/steel-shines-stocks-edge-up\/","title":{"rendered":"Steel shines, stocks edge up"},"content":{"rendered":"\n

The trading week began with Nippon Steel announcing it will buy U.S. Steel which sent shares of the latter soaring 26.09% and lifting peers such as Cleveland-Cliffs<\/a> up 9.68%. In Canada, Algoma<\/a> surged 5.05%. The news helped lift the major indices, with the S&P closing 0.53% higher, the tech-heavy Nasdaq 0.73% to nearly 15,000, though the Dow was flat. <\/p>\n\n\n\n

Key non-steel movers were Etsy<\/a> rallying 4.81%, VF Corp<\/a> -7.43% and toymaker Hasbro<\/a> 3.45% just a week before Christmas. The U.S. 10-year yield held around 3.945% as Bitcoin<\/a> jumped 1.8% to $42,100.<\/p>\n\n\n\n

The TSX finished Monday up a consistent 0.43% with most sectors in the green. Discretionary, staples and energy led while utilities was among the few laggards. WTI regained 1.65% to $72.65 a barrel, Suncor<\/a>, as the most-traded stock, was up 1.81%, followed by CNQ<\/a> at 1.6%. In contrast, Dundee Precious Metals<\/a> closed -8.81% and Canada Goose<\/a> -5.6%.<\/p>\n\n\n\n

⛓ Cleveland-Cliffs Inc. (CLF-N)<\/a> +9.68%<\/p>\n\n\n\n

⛓ Algoma Steel Group Inc (ASTL-T)<\/a> +5.05%<\/p>\n\n\n\n

🛍 Etsy Inc. (ETSY-Q)<\/a> +4.81%<\/p>\n\n\n\n

🧦 VF Corporation (VFC-N)<\/a> -7.43%<\/p>\n\n\n\n

🧩 Hasbro Inc (HAS-Q)<\/a> +3.45%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +1.8%<\/p>\n\n\n\n

🛢 Suncor Energy Inc (SU-T)<\/a> +1.81%<\/p>\n\n\n\n

🛢 Canadian Natural Rsrcs (CNQ-T)<\/a> +1.6%<\/p>\n\n\n\n

⛏ Dundee Precious Metals Inc. (DPM-T)<\/a> -8.81%<\/p>\n\n\n\n

🧣 Canada Goose Holdings (GOOS-T)<\/a> -5.6%<\/p>\n","protected":false},"excerpt":{"rendered":"

The trading week began with Nippon Steel announcing it will buy U.S. Steel which sent shares of the latter soaring 26.09% and lifting peers such as Cleveland-Cliffs up 9.68%. In Canada, Algoma surged 5.05%. The news helped lift the major […]<\/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-340610","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\/340610","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=340610"}],"version-history":[{"count":3,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340610\/revisions"}],"predecessor-version":[{"id":340617,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340610\/revisions\/340617"}],"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=340610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}