{"id":340795,"date":"2024-01-19T17:19:00","date_gmt":"2024-01-19T22:19:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=340795"},"modified":"2024-01-22T07:32:23","modified_gmt":"2024-01-22T12:32:23","slug":"tech-extends-rally-to-new-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-extends-rally-to-new-highs\/","title":{"rendered":"Tech extends rally to new highs"},"content":{"rendered":"\n<p>The weekend began bearish but ended bullish as ongoing strength in tech led the three U.S. indices to new 52-week highs. The Nasdaq rallied another 1.59% on Friday and rose 2.28% for the week. The S&amp;P climbed 1.16% during the session and nearly that much for the week to make an all-time high, while the Dow added about 1% on Friday and 0.41% during the shortened trading week. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> rallied 6.69% and <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> 1.58% as the two most-traded names, but <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> rose 1.22% to make an all-time high of $398.67. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/3661\/DG-N\">Dollar General<\/a> sank 2.81%. The 10-year yield held around 4.14%. Bitcoin crept up to $41,600.<\/p>\n\n\n\n<p>The TSX continued to tread water, declining 0.4% for the week but rose 0.71% on Friday. Only three sectors lagged, notably staples, while real estate, financials and tech led the rally. Blackstone announced it was buying <a href=\"https:\/\/stockchase.com\/company\/view\/7059\/TCN-T\">Tricon Residential<\/a> whose shares soared 27.3%. <a href=\"https:\/\/stockchase.com\/company\/view\/269\/CLS-T\">Celestica<\/a> added 7.62% and <a href=\"https:\/\/stockchase.com\/company\/view\/1083\/RY-T\">Royal Bank<\/a> 0.97%. <a href=\"https:\/\/stockchase.com\/company\/view\/2175\/BIR-T\">Birchcliff Energy<\/a> closed -5.36%. WTI crude slipped 0.25% to $73.80.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices\u00a0(AMD-Q)<\/a> +6.69%<\/p>\n\n\n\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple Inc\u00a0(AAPL-Q)<\/a> +1.58%<\/p>\n\n\n\n<p>&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft Corp\u00a0(MSFT-Q)<\/a> +1.22%<\/p>\n\n\n\n<p>&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/3661\/DG-N\">Dollar General Corp.\u00a0(DG-N)<\/a> -2.81%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/7059\/TCN-T\">Tricon Residential\u00a0(TCN-T)<\/a> +27.3%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/company\/view\/269\/CLS-T\">Celestica Inc\u00a0(CLS-T)<\/a> +7.62%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1083\/RY-T\">Royal Bank\u00a0(RY-T)<\/a> +0.97%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/2175\/BIR-T\">Birchcliff Energy Ltd.\u00a0(BIR-T)<\/a> -5.36%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The weekend began bearish but ended bullish as ongoing strength in tech led the three U.S. indices to new 52-week highs. The Nasdaq rallied another 1.59% on Friday and rose 2.28% for the week. The S&amp;P climbed 1.16% during the [&hellip;]<\/p>\n","protected":false},"author":9,"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-340795","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\/340795","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=340795"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340795\/revisions"}],"predecessor-version":[{"id":340796,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/340795\/revisions\/340796"}],"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=340795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=340795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=340795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}